This Week’s Market Overview
The median list price for Sherman Oaks, CA 91403 is $2,085,000, reflecting steady demand for hillside homes and properties south of Ventura Boulevard. Current inventory is approximately 159 active homes, keeping the market in a slight seller’s advantage as updated, well-located homes continue to move at a consistent 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: 37
The MAI has inched upward, indicating solid buyer activity even as the winter season typically cools demand. Modernized homes and hillside properties continue to perform best.
Market Narrative
The 91403 market continues to show strong fundamentals entering the end of 2025. Median sale prices are averaging around $1.82 million, relatively stable year-over-year. Homes are spending slightly longer on the market — around 60–75 days — as buyers become more selective. However, competitively priced homes in premium locations, especially south-of-Ventura pockets, are still seeing steady activity and occasional multiple offers.
Real-Time Market Profile
- Median List Price: $2,085,000
- Median Price of New Listings: $1,995,000
- Price per Square Foot: $835
- Average Days on Market: 77
- Median Days on Market: 62
- Price Decreased: 27% of listings
- Price Increased: 3% of listings
- Relisted Properties: 11%
- Inventory: 159 properties
- Median Rent: $5,125 / 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 |
|---|---|---|---|---|---|---|---|---|
| $4,225,000 | 5,150 | 12,000 – 20,000 sqft | 5–6 | 6 | 5–15 yrs | 1 | 1 | 80 |
| $2,525,000 | 3,750 | 8,000 – 12,000 sqft | 4 | 4 | 20–30 yrs | 1 | 1 | 67 |
| $1,695,000 | 2,500 | 6,000 – 8,000 sqft | 3 | 3 | 25–40 yrs | 1 | 1 | 59 |
| $1,025,000 | 1,350 | Condo / Townhome | 2–3 | 2–3 | 30–45 yrs | 0 | 0 | 51 |
Conclusion
Sherman Oaks 91403 continues to deliver stable market performance with strong buyer interest in updated homes and hillside properties. While days on market have lengthened slightly, pricing remains firm and seller conditions remain favorable. Buyers have more negotiating room than in previous years, but competition persists for turnkey homes in premium 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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