This Week’s Market Overview
The median list price for Sherman Oaks, CA 91423 is $1,865,000, reflecting steady pricing in one of Sherman Oaks’ most in-demand neighborhoods. Current inventory sits around 171 active homes, keeping the market in a slight seller’s advantage as updated properties continue to attract consistent interest.
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
The MAI has risen modestly, indicating stable buyer demand despite the seasonal cooldown. Homes south of Ventura Boulevard and those with modern updates continue to outperform the broader market.
Market Narrative
The 91423 market remains healthy and stable heading into winter. Median sale prices hover near $1.70 million, slightly up year-over-year. Buyers remain selective, favoring homes with open floor plans, renovated kitchens, and usable outdoor space. Although days on market have increased slightly compared to early 2025, competitively priced and well-presented homes continue to sell within 55–70 days.
Real-Time Market Profile
- Median List Price: $1,865,000
- Median Price of New Listings: $1,795,000
- Price per Square Foot: $802
- Average Days on Market: 75
- Median Days on Market: 60
- Price Decreased: 28% of listings
- Price Increased: 3% of listings
- Relisted Properties: 11%
- Inventory: 171 properties
- Median Rent: $4,925 / 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 |
|---|---|---|---|---|---|---|---|---|
| $3,525,000 | 4,700 | 10,000 – 18,000 sqft | 5–6 | 6 | 10–20 yrs | 1 | 1 | 77 |
| $2,295,000 | 3,350 | 8,000 – 12,000 sqft | 4 | 4 | 20–30 yrs | 1 | 1 | 66 |
| $1,445,000 | 2,250 | 6,000 – 8,000 sqft | 3 | 3 | 30–40 yrs | 1 | 1 | 58 |
| $895,000 | 1,280 | Condo / Townhome | 2–3 | 2–3 | 30–45 yrs | 0 | 0 | 50 |
Conclusion
Sherman Oaks 91423 continues to deliver strong, stable performance with resilient pricing and a healthy level of buyer demand. While days on market have increased slightly, the market remains in favor of sellers, particularly for turnkey homes in desirable pockets south of Ventura Boulevard. Buyers benefit from a wider selection compared to previous years, but competition persists for well-priced, updated homes.
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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