This Week's Market Overview
The median list price for Sherman Oaks, CA 91403 is $2,025,000, reflecting continued demand for homes south of Ventura Boulevard and hillside properties with canyon and valley views. Inventory currently stands at 154 active homes, maintaining a slight seller's advantage in one of the Valley's most desirable luxury neighborhoods.
Market Action Index
Current MAI: 35 (Slight Seller's Advantage) | Last Month's MAI: 35
The Market Action Index remains unchanged from last month, indicating stable market conditions. Buyer demand continues to support well-priced homes despite a more balanced pace of activity than earlier in the year.
Market Narrative
The 91403 market continues to demonstrate resilience as summer begins. Median pricing has remained relatively stable while buyers are taking more time to evaluate available inventory, creating a healthier balance between supply and demand.
Homes south of Ventura Boulevard and within the hillside neighborhoods continue to generate the strongest buyer interest, particularly those offering updated interiors, open floor plans, and outdoor entertaining spaces. Homes requiring renovation or priced above recent comparable sales are experiencing longer marketing periods and increased price negotiation.
Real-Time Market Profile
Median List Price: $2,025,000
Median Price of New Listings: $1,895,000
Price per Sq Ft: $802
Average Days on Market: 77
Median Days on Market: 58
Price Decreased: 29%
Price Increased: 3%
Relisted: 14%
Inventory: 154 properties
Median Rent: $4,650/month
Market Segments
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
$3,650,000 | 4,350 | 0.30–0.75 acre | 5 | 5 | 8 | 2 | 4 | 90 |
$2,395,000 | 3,240 | 8,500–12,000 sqft | 4 | 4 | 22 | 5 | 6 | 72 |
$1,595,000 | 2,360 | 6,500–8,500 sqft | 4 | 3 | 48 | 8 | 7 | 56 |
$1,095,000 | 1,540 | Condo/Townhome | 2 | 2 | 38 | 6 | 5 | 45 |
Conclusion
Sherman Oaks 91403 continues to be one of the Valley's most sought-after luxury markets. While buyers have become more selective, homes that are well-priced and thoughtfully presented continue to command strong interest and favorable outcomes.
Contact Information
Andrew: (818) 370-6121 | [email protected]
Fran: (818) 517-1411 | [email protected]
