This Week's Market Overview
The median list price for Sherman Oaks, CA 91403 is $1,985,000, with approximately 113 active properties on the market and a Market Action Index holding at 36 — a consistent slight seller's advantage. Demand for well-located homes south of Ventura Boulevard and hillside properties with views continues to anchor this market as it moves into early summer.
Market Action Index
Current MAI: 36 (Slight Seller's Advantage) | Last Month's MAI: 36
The MAI has held flat month-over-month, signaling a stable and reliable market environment. Buyer engagement remains steady, particularly for move-in-ready homes in prime locations, and inventory levels have stayed manageable enough to maintain upward pricing support.
Market Narrative
Sherman Oaks 91403 enters June 2026 from a position of quiet resilience. Median sale prices have stabilized near $1.7 million — roughly even year-over-year — while the spring selling season brought a healthy wave of new listings and renewed buyer activity across all price tiers.
Homes south of Ventura Boulevard and in hillside pockets with canyon or valley views continue to generate the most competitive activity, often attracting well-qualified buyers within the first few weeks on market. Properties with updated interiors, open floor plans, and outdoor living space are consistently outperforming the broader market. Older or unrenovated homes are taking longer and encountering more negotiation, particularly those priced at or above $2 million without the condition to support it. Well-priced, well-presented homes across the $1.5 to $2.5 million range are the sweet spot of the current market and seeing the most reliable results.
Real-Time Market Profile
- Median List Price: $1,985,000
- Median Price of New Listings: $1,699,000
- Price per Sq Ft: $703
- Average Days on Market: 66
- Median Days on Market: 48
- % Price Decreased: 27%
- % Price Increased: 3%
- Relisted Properties: 14%
- Inventory: ~113 properties
- Median Rent: $6,051/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 | 2 | 2 | 85 |
| $2,200,000–$3,500,000 | 3,000–4,200 | 8,000–12,000 sqft | 4–5 | 4–5 | 15–35 yrs | 5 | 4 | 70 |
| $1,400,000–$2,200,000 | 2,000–3,000 | 6,000–8,500 sqft | 3–4 | 3–4 | 30–55 yrs | 9 | 8 | 55 |
| Under $1,400,000 | 1,200–2,000 | Condo/Townhome | 2–3 | 2–3 | 30–55 yrs | 4 | 4 | 42 |
Conclusion
Sherman Oaks 91403 continues to perform as one of the Valley's most dependable and active submarkets. Pricing has held firm, the MAI remains stable, and demand for quality homes in strong locations is consistent. Sellers who enter the market with accurate pricing and top-tier presentation are achieving competitive results, while buyers benefit from a more measured environment than the frenetic conditions of prior years.
Contact Information
Andrew: (818) 370-6121 | [email protected]
Fran: (818) 517-1411 | [email protected]
