This Week’s Market Overview
The median list price for Sherman Oaks, CA 91423 is $1,915,000, reflecting ongoing stability in this highly desirable section of the San Fernando Valley. Inventory currently stands at approximately 165 active homes, fostering somewhat competitive yet more balanced conditions with increased buyer selection amid seasonal trends.
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 has eased slightly month-over-month, suggesting steady but less urgent buyer demand. Properties in prime locations, particularly those updated or south of Ventura Boulevard, continue to stand out and sell more efficiently.
Market Narrative
The 91423 market holds resilient as we progress through early 2026. Median sale prices hover near $1.74 million, down modestly about 5 percent year-over-year amid broader cooling. Buyers are more cautious, resulting in homes averaging between 65 and 80 days on market. Move-in-ready homes with strong appeal draw consistent interest and quicker closings, while those needing renovations experience extended exposure, higher likelihood of reductions, and greater negotiation room.
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 stand out as one of the Valley’s most appealing and steady submarkets. With buyers gaining additional time and options compared to prior peaks, well-priced and presented homes still command solid interest and results. Sellers benefit from strategic positioning and preparation in key areas, while buyers enjoy improved leverage and variety across price points.
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]
Stay ahead of the curve with weekly Sherman Oaks market updates.
