This Week’s Market Overview
The median list price for Sherman Oaks, CA 91403 is $2,115,000, underscoring ongoing desirability in one of the San Fernando Valley’s premier neighborhoods. Inventory currently stands at approximately 152 active homes, preserving a mild seller advantage even amid the more relaxed seasonal rhythm.
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 holding steady month-over-month signals steady buyer involvement. Properties south of Ventura Boulevard and in hillside areas continue to excel when priced appropriately and showcased effectively.
Market Narrative
The 91403 market exhibits lasting resilience as we advance further into 2026. Median sale prices remain anchored near $1.87 million, showing relative stability year-over-year with continued backing in higher-end categories. Buyers are exercising more caution in their choices, extending average marketing times between 65 and 85 days. Updated and well-presented homes in favored locations keep attracting solid interest, whereas those needing renovations encounter prolonged exposure and expanded scope for buyer discussions.
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 persists as one of the Valley’s most consistent and appealing submarkets. While buyers now have somewhat greater selection and time compared to recent peak conditions, limited supply and persistent demand for quality homes keep pricing resilient. Sellers who price thoughtfully and highlight their properties well continue to deliver strong results, particularly in sought-after zones.
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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