This Week’s Market Overview
The median list price for Sherman Oaks, CA 91403 is $1,985,000, reflecting strong demand for well-located homes south of Ventura Boulevard and hillside properties with views. Inventory is currently around 158 homes, maintaining a slight seller’s advantage in this highly desirable San Fernando Valley market.
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: 37
The MAI has inched upward as buyer demand for move-in-ready and modern homes continues to outpace new supply. While competition is healthy, price growth has moderated, bringing a sense of equilibrium to the 91403 market.
Market Narrative
Market conditions in 91403 remain solid. Median sale prices have stabilized around $1.7 million, roughly even year-over-year, while the number of homes sold has declined slightly compared to the same period last year. Homes in prime hillside locations and south of Ventura Boulevard continue to command a premium, whereas older or unrenovated properties are taking longer to sell. Buyers are cautious but motivated, especially for properties offering space, modern design, and outdoor amenities.
Real-Time Market Profile
- Median List Price: $1,985,000
- Median Price of New Listings: $1,899,000
- Price per Square Foot: $812
- Average Days on Market: 73
- Median Days on Market: 59
- Price Decreased: 26% of listings
- Price Increased: 3% of listings
- Relisted Properties: 11%
- Inventory: 158 properties
- Median Rent: $4,975 / 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 |
|---|---|---|---|---|---|---|---|---|
| $3,995,000 | 4,900 | 12,000 – 20,000 sqft | 5–6 | 6 | 10–20 | 1 | 1 | 77 |
| $2,395,000 | 3,600 | 8,000 – 12,000 sqft | 4 | 4 | 20–30 | 1 | 1 | 66 |
| $1,575,000 | 2,500 | 6,000 – 8,000 sqft | 3 | 3 | 30–40 | 1 | 1 | 58 |
| $995,000 | 1,450 | Condo / Small Lot | 2–3 | 2–3 | 35–45 | 0 | 0 | 51 |
Conclusion
Sherman Oaks 91403 continues to be a strong and active market, balancing between stability and moderate competition. Prices have held steady even as the pace of sales slows slightly, signaling a mature and resilient market. Sellers who adapt to current pricing realities and present their homes well can still attract top offers, while buyers enjoy increased options without the bidding frenzies of previous years.
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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