Sherman Oaks, a well-established neighbourhood in the San Fernando Valley of Los Angeles, offers an appealing blend of suburban tranquillity and proximity to the bustling city. With its tree-lined streets, excellent schools, convenient location, and a mix of charming homes and modern developments, Sherman Oaks has become a highly desirable place to live. If you are considering purchasing a home in Sherman Oaks or simply want to explore more options, you can get more details on the available properties by visiting www.bigtownrealestate.co/california/sherman-oaks/. But, like many sought-after neighbourhoods, the question on many potential buyers’ minds is: How much are homes in Sherman Oaks, California?
In this article, we’ll break down the current home prices in Sherman Oaks, highlighting the factors that influence pricing, and give you an overview of what to expect in this ever-changing market.
Median Home Prices in Sherman Oaks
As of early 2025, the median home price in Sherman Oaks is approximately $1.4 million. This price reflects the overall trend in the market, where the neighbourhood continues to be a blend of higher-end properties and more affordable options, depending on location, size, and condition.
In comparison to other areas of Los Angeles, Sherman Oaks tends to offer more competitive prices for homes with larger lot sizes, offering a suburban feel with easy access to urban amenities. However, it’s important to note that Sherman Oaks is still an upscale area within the San Fernando Valley, with prices reflecting its desirability.
Price per Square Foot
The average price per square foot for homes in Sherman Oaks is around $716. This can vary depending on the property’s condition, location within the neighbourhood, and whether the home has been updated. Homes in Sherman Oaks are typically larger than homes in some other parts of LA, which means that buyers may get more space for their money compared to other neighbourhoods in the city.
For example, if you’re looking at a 2,000 square foot home, you can expect the price to be roughly $1.4 million closer to the median price. A smaller 1,500 square foot home could be priced at around $1.1 million, while a large luxury home with 5,000 square feet or more might reach well over $3 million.
Types of Homes and Their Prices
Sherman Oaks offers a variety of properties ranging from modest single-family homes to multi-million-dollar luxury estates. Here’s an overview of the different types of homes and their respective price ranges:
Single-Family Homes
Single-family homes in Sherman Oaks are the most common type of residential property in the area. These homes typically range from 1,500 to 3,000 square feet and can vary significantly in price depending on the location, age, and condition of the property.
- Smaller Homes (1,200 – 1,800 sq. ft.): These homes are generally priced between $1 million and $1.3 million, with some options available for even less if the property requires significant updates.
- Medium-Sized Homes (2,000 – 3,000 sq. ft.): Expect prices ranging from $1.3 million to $2 million. These homes are ideal for families and tend to be located in well-established neighbourhoods within Sherman Oaks.
- Larger Homes (3,000 sq. ft. and up): Large, updated homes with more luxurious amenities in desirable areas (such as Beverly Glen or around the Sherman Oaks Galleria) can easily range from $2 million to $3 million or higher.
Luxury Homes and Estates
For those seeking opulence and privacy, Sherman Oaks has a variety of high-end properties. Luxury estates with ample space, grand designs, and high-end finishes are increasingly popular, particularly in areas like Beverly Glen and South of the Boulevard.
- Luxury Homes: These properties typically start at $3 million and can exceed $5 million depending on location and features. The homes here boast spacious floor plans, sprawling lawns, and amenities like pools, home theatres, and expansive outdoor living areas.
- Gated Estates and Celebrity Homes: Sherman Oaks is known for being home to many Hollywood celebrities, and the neighbourhood boasts an array of private, gated estates that offer ultimate privacy and luxury. These estates often come with a hefty price tag, often ranging between $5 million and $15 million or more, especially for properties with sweeping views, large lots, or historic significance.
Townhomes and Condominiums
While single-family homes dominate the market, Sherman Oaks also offers a selection of townhomes and condominiums, which can be ideal for buyers looking for less maintenance or more affordable living options.
- Townhomes: Townhomes in Sherman Oaks typically range from $700,000 to $1.5 million, depending on size, location, and the age of the building. Many townhome developments are located in close proximity to shops, restaurants, and public transportation, making them highly attractive to young professionals and empty-nesters.
- Condos: Condominiums are more affordable options compared to single-family homes and can be found in the $500,000 to $1.2 million range, with luxury condos reaching higher prices.
Factors Affecting Home Prices in Sherman Oaks
Several factors influence home prices in Sherman Oaks, and understanding these can help you better navigate the real estate market in the area.
- Location: The specific location within Sherman Oaks plays a major role in determining property prices. Homes that are closer to major roads such as Ventura Boulevard, as well as those located near parks or highly-rated schools, tend to be more expensive. Areas like Beverly Glen and South of the Boulevard are considered more desirable and often command higher prices due to their larger homes and quiet, residential feel.
- Property Size and Condition: Larger homes and homes with more desirable features such as modern kitchens, updated bathrooms, open floor plans, and smart home integrations—are priced higher. Older homes that need renovation or repair may be priced lower, but they often require significant investment to bring them up to modern standards.
- Market Conditions: Like any real estate market, Sherman Oaks is subject to fluctuations depending on broader economic conditions. Interest rates, local demand, inventory levels, and investor interest all contribute to pricing trends. For instance, if interest rates rise or if there is an economic downturn, home prices may stabilize or even dip slightly, making it a potentially advantageous time for buyers.
As of 2025, homes in Sherman Oaks are priced in a wide range, from around $700,000 for smaller townhomes and condos to well over $3 million for luxury estates. The median price hovers around $1.4 million, reflecting the area’s desirability and its balance between urban amenities and suburban charm. For buyers, Sherman Oaks offers a variety of options depending on budget, lifestyle, and preferences. Whether you’re looking for a smaller family home, a luxurious estate, or a modern condo, Sherman Oaks has something for everyone.
