Median sale price
About $1.6 million
Blended figure across flats, foothills and hillside properties.
Los Angeles · San Fernando Valley
Sherman OaksReal Estate
Sherman Oaks stretches from the flats of the Valley floor up into the Santa Monica Mountains, offering everything from newly built transitional homes to hillside properties with long views. It is one of the largest and most varied real estate markets in the Valley.
- $1.6M
- Median sale price
- 30
- Average days on market
- 4%
- Annual appreciation
Market Snapshot
The Sherman Oaks housing market today
Sherman Oaks is really several markets under one name. Flat-lot homes south of Ventura Boulevard, larger properties in the Royal Woods and Chandler Estates areas, and hillside homes above Mulholland all price differently. Most sales occur between $1.1 million and $3 million.
Typical price range
$1.1M to $3M
New-construction and view estates regularly clear $4 million.
Common home styles
Transitional, ranch, Mediterranean
New construction favors transitional design with open plans and indoor-outdoor living.
Average days on market
Roughly 4 weeks
Sharply priced homes move faster, while hillside properties can take longer.
Appreciation trend
Around 4 percent annually
New construction has lifted values in several pockets over the last decade.
Inventory conditions
Balanced to tight
Supply varies by pocket, so local comparable sales matter more than citywide data.
Because sub-markets move independently, a pricing strategy built on citywide averages will usually miss. The relevant comparison is the same side of the Boulevard, the same school boundary and a similar lot type, ideally within the last ninety days.
Community & Lifestyle
Living in Sherman Oaks
Sherman Oaks is a practical, everyday neighborhood. Errands, restaurants, gyms and schools are close, and both the Westside and downtown are reachable.
Shopping and dining
Ventura Boulevard runs the length of the neighborhood with restaurants, markets and services, while the Sherman Oaks Galleria and Westfield Fashion Square cover larger retail and dining.
Parks and recreation
Van Nuys Sherman Oaks Park offers pools and sports fields, and hillside residents have quick trail access along Mulholland Drive and into the Santa Monica Mountains.
Schools and commuting
Los Angeles Unified serves the area, including well-regarded elementary and magnet options, alongside private schools. The 101 and 405 Freeways meet here, which is both the greatest convenience and the main traffic consideration.
For Buyers
Why buyers choose Sherman Oaks
Buyers choose Sherman Oaks for range. Few Los Angeles neighborhoods offer this many housing options at this many price points.
Housing choice spans starter homes in the flats, family properties in the foothills and view homes above Mulholland.
New construction is more available here than in most surrounding neighborhoods, which suits buyers who want move-in condition.
Freeway access in two directions makes the area workable for households commuting to different parts of the city.
Retail, dining and services are dense along Ventura Boulevard, so daily life requires little driving.
For Sellers
Why sellers benefit in Sherman Oaks
Sellers benefit from a broad buyer pool, provided the home is positioned against the right comparable sales.
Demand comes from first-time move-up buyers, Valley families and Westside buyers priced out of the hills, which keeps showings steady.
New-construction sales have raised the ceiling in several pockets, giving updated resale homes stronger support.
Buyers compare finishes closely in this market, so pre-listing improvements have a measurable effect on price.
Inventory is rarely deep in any single pocket, so a well-timed listing faces limited direct competition.
Nearby
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