This Week's Market Overview
The median list price for Sherman Oaks, CA 91403 is $1,985,000, reflecting continued demand for homes south of Ventura Boulevard and hillside properties with views. Inventory sits at approximately 158 active homes, maintaining a slight seller’s advantage.
Market Action Index
Current MAI: 36 (Slight Seller’s Advantage) | Last Month’s MAI: 36
The MAI holding steady month-over-month signals consistent buyer engagement. Well-priced, move-in-ready homes continue to generate the strongest interest.
Market Narrative
The 91403 market remains steady as spring conditions continue. Median sale prices are holding near $1.7 million, while buyers are moving at a more measured pace, with marketing times generally ranging between 65 and 85 days.
Homes south of Ventura Boulevard and hillside pockets continue to see the most competitive activity. Properties requiring updates or priced above current expectations are taking longer to sell and seeing increased negotiation.
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 market with pricing holding firm despite a modest slowdown in pace. Buyers benefit from more time and selection, while sellers who price accurately continue to achieve competitive results.
Contact Information
Andrew: (818) 370-6121 | [email protected]
Fran: (818) 517-1411 | [email protected]
