This Week's Market Overview
The median list price for Sherman Oaks, CA 91403 is $1,985,000, reflecting continued demand for well-located homes south of Ventura Boulevard and hillside properties with views. Inventory sits at approximately 158 active homes, sustaining a slight seller's advantage in one of the San Fernando Valley's most established residential corridors.
Market Action Index
Current MAI: 36 (Slight Seller's Advantage) | Last Month's MAI: 36
The MAI holding steady month-over-month signals reliable buyer engagement. The 91403 market continues to reward well-priced, move-in-ready homes, particularly those with modern layouts and hillside positioning.
Market Narrative
The 91403 market demonstrates steady resilience as spring 2026 gets underway. Median sale prices have stabilized near $1.7 million — roughly even year-over-year — while buyers are taking more time to evaluate their options, pushing average marketing times to between 65 and 85 days.
Homes south of Ventura Boulevard and in hillside pockets with canyon or valley views continue to generate the most competitive interest. Properties requiring renovation or with dated interiors are taking longer to sell and seeing expanded room for negotiation. Sellers who price accurately and present well are still achieving strong results.
Real-Time Market Profile
- Median List Price: $1,985,000
- Median Price of New Listings: $1,850,000
- Price per Sq Ft: $794
- Average Days on Market: 75
- Median Days on Market: 56
- % Price Decreased: 28%
- % Price Increased: 3%
- Relisted Properties: 15%
- Inventory: 158 properties
- Median Rent: $4,500/month
Market Segments
| Median Price | Sq Ft | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $3,500,000+ | 4,200+ | 0.3–0.75 acre | 5–6 | 5–6 | 5–20 yrs | 3 | 2 | 85 |
| $2,200,000–$3,500,000 | 3,000–4,200 | 8,000–12,000 sqft | 4–5 | 4–5 | 15–35 yrs | 6 | 5 | 70 |
| $1,400,000–$2,200,000 | 2,000–3,000 | 6,000–8,500 sqft | 3–4 | 3–4 | 30–55 yrs | 10 | 8 | 60 |
| Under $1,400,000 | 1,200–2,000 | Condo/Townhome | 2–3 | 2–3 | 30–55 yrs | 4 | 3 | 50 |
Conclusion
Sherman Oaks 91403 remains a dependable and active submarket with pricing holding firm despite a modest slowdown in pace. Buyers benefit from more choices and time to evaluate, while sellers who approach the market thoughtfully — with accurate pricing and strong presentation — continue to achieve competitive outcomes, particularly south of Ventura Boulevard and in hillside locations.
Contact Information
Andrew: (818) 370-6121 | [email protected]
Fran: (818) 517-1411 | [email protected]
