This Week’s Market Overview
The median list price for Sherman Oaks, CA 91423 is $1,895,000, reflecting continued stability in this highly desirable residential pocket of Sherman Oaks. Inventory currently stands at approximately 168 active homes, keeping the market slightly in favor of sellers while offering buyers more choice than earlier in the year.
Market Action Index
The Market Action Index (MAI) gauges the balance between supply and demand.
- Current MAI: 36 (Slight Seller’s Advantage)
- Last Month’s MAI: 37
The MAI has eased slightly, reflecting typical winter seasonality rather than a true slowdown in demand. Homes that are updated and priced realistically continue to attract steady buyer interest.
Market Narrative
The 91423 market remains healthy as we move through the first quarter of 2026. Median sale prices are holding near $1.72 million, showing resilience year-over-year despite longer decision timelines from buyers. Homes are averaging between 65 and 80 days on market, with properties south of Ventura Boulevard and those offering modern layouts continuing to outperform the broader inventory. Overpriced or unrenovated homes are seeing longer marketing times and occasional price adjustments.
Real-Time Market Profile
- Median List Price: $1,895,000
- Median Price of New Listings: $1,815,000
- Price per Square Foot: $810
- Average Days on Market: 79
- Median Days on Market: 63
- Price Decreased: 29% of listings
- Price Increased: 2% of listings
- Relisted Properties: 12%
- Inventory: 168 properties
- Median Rent: $4,975 / month
Market Segments
Sherman Oaks 91423 listings are divided into four pricing segments:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $3,575,000 | 4,800 | 10,000 – 18,000 sqft | 5–6 | 6 | 10–20 yrs | 1 | 1 | 78 |
| $2,325,000 | 3,450 | 8,000 – 12,000 sqft | 4 | 4 | 20–30 yrs | 1 | 1 | 67 |
| $1,465,000 | 2,300 | 6,000 – 8,000 sqft | 3 | 3 | 30–40 yrs | 1 | 1 | 59 |
| $915,000 | 1,300 | Condo / Townhome | 2–3 | 2–3 | 30–45 yrs | 0 | 0 | 52 |
Conclusion
Sherman Oaks 91423 continues to perform as a stable and desirable market within the Valley. While buyer behavior has become more deliberate, pricing remains well-supported for homes that are updated and competitively positioned. Sellers who align with current market conditions are still achieving strong outcomes, while buyers benefit from increased inventory and improved negotiating leverage.
Contact Information
For expert insights and exclusive property opportunities in Sherman Oaks 91423, contact:
📞 Andrew Spitz: (818) 453-9119 | ✉️ [email protected]
📞 Fran Chavez: (818) 517-1411 | ✉️ [email protected]
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