This Week’s Market Overview
The median list price for Sherman Oaks, CA 91423 is $1,845,000, reflecting steady pricing in one of the most desirable pockets of Sherman Oaks. Inventory is holding at approximately 169 active homes, with market conditions leaning slightly toward sellers as demand remains consistent across renovated single-family homes.
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: 36
A minor uptick in the MAI signals steady buyer activity heading into late 2025. Turnkey properties and homes south of Ventura Boulevard continue to attract the most attention.
Market Narrative
The 91423 market remains stable with strong buyer demand and resilient pricing. Median sale prices currently average around $1.68 million, slightly up from the previous year. Homes are taking a bit longer to sell than earlier in 2025, but well-presented properties are still moving within 55–70 days. Buyers are selective and value updated interiors, outdoor space, and proximity to local amenities.
Real-Time Market Profile
- Median List Price: $1,845,000
- Median Price of New Listings: $1,765,000
- Price per Square Foot: $798
- Average Days on Market: 74
- Median Days on Market: 59
- Price Decreased: 28% of listings
- Price Increased: 4% of listings
- Relisted Properties: 11%
- Inventory: 169 properties
- Median Rent: $4,900 / 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 |
|---|---|---|---|---|---|---|---|---|
| $3,475,000 | 4,600 | 10,000 – 18,000 sqft | 5–6 | 6 | 10–20 yrs | 1 | 1 | 76 |
| $2,225,000 | 3,300 | 8,000 – 12,000 sqft | 4 | 4 | 20–30 yrs | 1 | 1 | 64 |
| $1,395,000 | 2,200 | 6,000 – 8,000 sqft | 3 | 3 | 30–40 yrs | 1 | 1 | 57 |
| $875,000 | 1,250 | Condo / Townhome | 2–3 | 2–3 | 30–45 yrs | 0 | 0 | 49 |
Conclusion
Sherman Oaks 91423 remains a strong and stable market with consistent buyer demand and stable pricing. Turnkey homes and properties in premium locations continue to command attention, while buyers benefit from more negotiating room than in prior years. Sellers who price strategically and present their homes well are still achieving strong results.
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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