Sherman Oaks Real Estate Market Update April 2025: Why Buyers Have an Advantage

Sherman Oaks Real Estate Market Update – April 2025

Why Now Is a Great Time to Buy

As of April 2025, the Sherman Oaks housing market remains strong, especially for single-family homes in the 91423 zip code. According to the latest market report:

Median List Price: $3,097,000
Median Price of New Listings: $3,972,499
Average Price Per Square Foot: $910
Inventory: 62 active listings
Median Days on Market: 49
Market Action Index (MAI): 35 (Slight Seller’s Advantage)

Compared to Last Year:

In April 2024, the market also hovered around a slight seller's advantage, but the inventory was lower and median list prices were approximately 7–10% lower.
The price per square foot has stabilized, creating opportunities for buyers to invest before potential appreciation continues.

Why It’s a Good Time to Buy

While Sherman Oaks remains slightly in favor of sellers, buyers have a strategic window right now:

Stabilized Pricing: Home prices have plateaued, meaning you can avoid bidding wars that dominated past years.
Increased Inventory: With more homes available (+8% compared to last year), buyers have more choices and negotiation power.
Rising Long-Term Value: Historical data shows that Sherman Oaks consistently appreciates over time, driven by strong demand and limited new land for development.

Helpful Resources for Buyers:

If you’re looking for a move-in-ready, luxury new construction, 4435 Katherine Ave is a perfect example of today’s Sherman Oaks opportunity.

🏡 Property Highlights:

Price: $3,499,000
6 Bedrooms | 7 Bathrooms (includes a 1-bed, 1-bath ADU)
4,263 sq ft of modern luxury living space
Price Per Sq Ft: $820.78 (below the Sherman Oaks median!)
Features:
- Designer chef’s kitchen with Thermador appliances
- Vaulted ceilings and oversized accordion doors for seamless indoor/outdoor living
- Backyard oasis with a pool, spa, and covered patio
- Solar panels, high ceilings, and premium finishes throughout