This Week’s Market Overview
The median list price for Sherman Oaks, CA 91423 is $1,795,000, reflecting stable pricing in this highly sought-after neighborhood. Inventory sits around 164 active homes, sustaining a slight seller’s advantage as buyer demand remains steady for well-located, move-in-ready properties.
Market Action Index
The Market Action Index (MAI) gauges the balance between supply and demand.
- Current MAI: 37 (Slight Seller’s Advantage)
- Last Month’s MAI: 38
The MAI has dipped modestly, indicating that the market is balancing out as new listings enter the mix. Even so, limited inventory continues to favor sellers in many parts of 91423, particularly south of Ventura Boulevard.
Market Narrative
Market performance in 91423 remains healthy and consistent. The median sale price is holding near $1.65 million, up slightly from last year, while homes are taking longer to sell on average compared to early 2025. Buyers are showing increased selectivity, focusing on renovated homes and properties with modern layouts. Sellers who price strategically are still closing within 60 days, while overpricing often leads to longer marketing times.
Real-Time Market Profile
- Median List Price: $1,795,000
- Median Price of New Listings: $1,735,000
- Price per Square Foot: $785
- Average Days on Market: 72
- Median Days on Market: 58
- Price Decreased: 29% of listings
- Price Increased: 3% of listings
- Relisted Properties: 11%
- Inventory: 164 properties
- Median Rent: $4,850 / 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 |
|---|---|---|---|---|---|---|---|---|
| $3,595,000 | 4,700 | 12,000 – 20,000 sqft | 5–6 | 6 | 10–20 | 1 | 1 | 74 |
| $2,250,000 | 3,400 | 8,000 – 12,000 sqft | 4 | 4 | 20–30 | 1 | 1 | 65 |
| $1,425,000 | 2,300 | 6,000 – 8,000 sqft | 3 | 3 | 30–40 | 1 | 1 | 57 |
| $865,000 | 1,300 | Condo / Small Lot | 2–3 | 2–3 | 35–45 | 0 | 0 | 50 |
Conclusion
Sherman Oaks 91423 continues to perform well, maintaining strong pricing amid growing inventory. While the market pace has eased, buyer confidence remains high thanks to solid local fundamentals and limited new construction. Sellers who price within current market expectations and present homes in top condition can still achieve premium results. Buyers now enjoy more flexibility and negotiating power compared to the competitive conditions of the previous two years.
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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