This Week’s Market Overview
The median list price for Sherman Oaks, CA 91403 is $2,115,000, reflecting solid demand and pricing resilience in this premium San Fernando Valley neighborhood. Inventory currently stands at approximately 152 active homes, maintaining somewhat competitive conditions even as seasonal factors introduce more buyer opportunities.
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 has dipped slightly month-over-month, pointing to moderating but still positive buyer interest. Well-maintained homes in desirable pockets, including hillside and central areas, continue to move quicker than average.
Market Narrative
The 91403 market stays resilient heading deeper into 2026. Median sale prices sit near $1.87 million, up about 15 percent year-over-year. Buyers are proceeding thoughtfully, leading to homes averaging between 65 and 85 days on market. Properties that are move-in ready and priced appropriately draw multiple offers, whereas those needing work face extended timelines and more negotiations or reductions.
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 | 73 |
| $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 remains one of the Valley’s most consistent and appealing submarkets. Even with buyers enjoying slightly more selection and time, strong underlying demand keeps pricing firm for well-positioned properties. Sellers who stage effectively and set realistic expectations are securing favorable outcomes, especially in sought-after locations, while buyers find better negotiating room across segments.
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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