This Week’s Market Overview
The median list price for Sherman Oaks, CA 91403 is $2,045,000, reflecting continued strength in this high-demand hillside and south-of-Ventura market. Inventory remains steady with approximately 162 active homes, maintaining a slight seller’s advantage as buyers continue to pursue updated and well-located properties.
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
A modest rise in the MAI signals sustained buyer demand despite seasonal slowing. Competition remains strongest for turnkey homes and properties in desirable hillside pockets.
Market Narrative
The 91403 market continues to show stability heading into late 2025. Median sale prices hover near $1.78 million, relatively even year-over-year, while days on market have lengthened slightly as buyers take more time with decisions. South-of-Ventura neighborhoods and homes with contemporary updates continue to outperform the broader market. Buyers remain active but selective, focusing heavily on homes offering views, privacy, and modern amenities.
Real-Time Market Profile
- Median List Price: $2,045,000
- Median Price of New Listings: $1,965,000
- Price per Square Foot: $828
- Average Days on Market: 75
- Median Days on Market: 60
- Price Decreased: 27% of listings
- Price Increased: 3% of listings
- Relisted Properties: 11%
- Inventory: 162 properties
- Median Rent: $5,050 / 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 |
|---|---|---|---|---|---|---|---|---|
| $4,150,000 | 5,050 | 12,000 – 20,000 sqft | 5–6 | 6 | 5–15 yrs | 1 | 1 | 78 |
| $2,495,000 | 3,700 | 8,000 – 12,000 sqft | 4 | 4 | 20–30 yrs | 1 | 1 | 66 |
| $1,685,000 | 2,450 | 6,000 – 8,000 sqft | 3 | 3 | 25–40 yrs | 1 | 1 | 58 |
| $1,015,000 | 1,350 | Condo / Townhome | 2–3 | 2–3 | 30–45 yrs | 0 | 0 | 51 |
Conclusion
Sherman Oaks 91403 continues to demonstrate solid fundamentals, with stable pricing and healthy buyer demand. While the pace of sales has slowed slightly, homes that are updated and well-located remain highly competitive. Sellers benefit from limited inventory, while buyers gain more negotiating room compared to peak conditions in 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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