This Week’s Market Overview
The median list price for Sherman Oaks, CA 91403 is $2,115,000, highlighting enduring demand in one of the San Fernando Valley’s most sought-after neighborhoods. Inventory currently stands at approximately 152 active homes, supporting a slight seller advantage even as seasonal trends introduce a more measured pace.
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 remaining stable month-over-month reflects consistent buyer participation. Homes south of Ventura Boulevard and hillside locations continue to perform strongly when priced realistically and presented well.
Market Narrative
The 91403 market maintains resilience as we move deeper into 2026. Median sale prices are holding steady near $1.87 million, relatively flat year-over-year with solid support in premium segments. Buyers are approaching decisions more cautiously, resulting in homes averaging between 65 and 85 days on market. Well-staged, updated properties in desirable pockets continue to draw strong attention, while homes requiring updates face longer marketing periods and greater opportunities for negotiation.
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 areas. Although buyers now enjoy a bit more time and selection than in recent high-demand cycles, pricing holds firm thanks to limited supply and ongoing interest in quality homes. Sellers who align with current conditions and present their properties effectively are still achieving excellent results, especially 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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