This Week’s Market Overview
The median list price for Sherman Oaks, CA 91423 is $1,915,000, reflecting steady pricing in one of the most consistently in-demand areas of Sherman Oaks. Inventory currently stands at approximately 165 active homes, keeping conditions slightly in favor of sellers while giving buyers more selection 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: 36
The MAI remains steady month-over-month, signaling consistent buyer demand. Homes that are updated, well-staged, and priced realistically continue to perform best, particularly south of Ventura Boulevard.
Market Narrative
The 91423 market remains balanced and resilient entering early 2026. Median sale prices are holding near $1.74 million, relatively flat year-over-year. Homes are averaging between 65 and 80 days on market as buyers take a more deliberate approach. Turnkey properties with modern layouts continue to attract strong interest, while homes needing updates are seeing longer marketing times and occasional price reductions.
Real-Time Market Profile
- Median List Price: $1,915,000
- Median Price of New Listings: $1,835,000
- Price per Square Foot: $815
- Average Days on Market: 81
- Median Days on Market: 64
- Price Decreased: 30% of listings
- Price Increased: 2% of listings
- Relisted Properties: 12%
- Inventory: 165 properties
- Median Rent: $5,000 / 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 |
|---|---|---|---|---|---|---|---|---|
| $3,625,000 | 4,850 | 10,000 – 18,000 sqft | 5–6 | 6 | 10–20 yrs | 1 | 1 | 80 |
| $2,345,000 | 3,500 | 8,000 – 12,000 sqft | 4 | 4 | 20–30 yrs | 1 | 1 | 69 |
| $1,485,000 | 2,350 | 6,000 – 8,000 sqft | 3 | 3 | 30–40 yrs | 1 | 1 | 61 |
| $935,000 | 1,320 | Condo / Townhome | 2–3 | 2–3 | 30–45 yrs | 0 | 0 | 54 |
Conclusion
Sherman Oaks 91423 continues to perform as a stable and desirable market within the Valley. While buyer activity has become more measured, pricing remains well-supported for homes that are updated and competitively positioned. Sellers who align with current market conditions are still seeing 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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