This Week’s Market Overview
The median list price for Sherman Oaks, CA 91403 is $2,115,000, reflecting continued strength in one of the most sought-after neighborhoods in the San Fernando Valley. Inventory currently stands at approximately 152 active homes, keeping market conditions slightly in favor of sellers despite normal seasonal slowing.
Market Action Index
The Market Action Index (MAI) gauges the balance between supply and demand.
- Current MAI: 38 (Slight Seller’s Advantage)
- Last Month’s MAI: 38
The MAI remains unchanged month-over-month, indicating stable buyer demand. Homes south of Ventura Boulevard and hillside properties continue to outperform the broader market.
Market Narrative
The 91403 market remains resilient as we move further into 2026. Median sale prices are holding near $1.87 million, relatively flat year-over-year. Buyers are taking more time to evaluate options, with homes averaging between 65 and 85 days on market. Well-presented, updated homes in premium locations continue to attract strong interest, while properties requiring updates are seeing longer marketing times and more frequent price adjustments.
Real-Time Market Profile
- Median List Price: $2,115,000
- Median Price of New Listings: $2,035,000
- Price per Square Foot: $848
- Average Days on Market: 83
- Median Days on Market: 66
- Price Decreased: 29% of listings
- Price Increased: 2% of listings
- Relisted Properties: 12%
- Inventory: 152 properties
- Median Rent: $5,175 / month
Market Segments
Sherman Oaks 91403 listings are divided into four pricing segments:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $4,325,000 | 5,250 | 12,000 – 20,000 sqft | 5–6 | 6 | 5–15 yrs | 1 | 1 | 85 |
| $2,575,000 | 3,850 | 8,000 – 12,000 sqft | 4 | 4 | 20–30 yrs | 1 | 1 | 71 |
| $1,755,000 | 2,600 | 6,000 – 8,000 sqft | 3 | 3 | 25–40 yrs | 1 | 1 | 63 |
| $1,055,000 | 1,400 | Condo / Townhome | 2–3 | 2–3 | 30–45 yrs | 0 | 0 | 55 |
Conclusion
Sherman Oaks 91403 continues to rank among the Valley’s most stable and desirable submarkets. While buyers now have more time and leverage than in peak years, pricing remains well-supported due to limited inventory and sustained demand. Sellers who price strategically and present their homes well continue to achieve strong results, particularly in prime locations.
Contact Information
For expert insights and exclusive property opportunities in Sherman Oaks 91403, contact:
📞 Andrew Spitz: (818) 453-9119 | ✉️ [email protected]
📞 Fran Chavez: (818) 517-1411 | ✉️ [email protected]
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