This Week's Market Overview
The median list price for Sherman Oaks, CA 91423 is $1,795,000, underscoring the steady appeal of this highly sought-after pocket of the San Fernando Valley. Inventory currently stands at approximately 164 active homes, maintaining a slight seller's advantage as buyer demand remains focused on renovated, well-located properties.
Market Action Index
Current MAI: 36 (Slight Seller's Advantage) | Last Month's MAI: 36
The MAI has held flat month-over-month, reflecting a balanced but seller-leaning environment. Homes south of Ventura Boulevard and in prime hillside locations continue to attract the fastest activity and strongest offers.
Market Narrative
The 91423 market moves into spring 2026 from a position of quiet strength. Median sale prices are holding near $1.65 million — up modestly year-over-year — even as buyers are showing increased selectivity and taking more time to commit. Average days on market have stretched compared to early 2025, a sign that the frenetic pace of prior years has given way to a more measured rhythm.
Renovated homes and properties with modern open layouts are consistently outperforming the broader market. Older or unrenovated homes, by contrast, are encountering longer exposure and more active price negotiation. The condo and townhome segment remains active, particularly for buyers priced out of the single-family tier.
Real-Time Market Profile
- Median List Price: $1,795,000
- Median Price of New Listings: $1,699,000
- Price per Sq Ft: $703
- Average Days on Market: 79
- Median Days on Market: 56
- % Price Decreased: 30%
- % Price Increased: 3%
- Relisted Properties: 16%
- Inventory: 164 properties
- Median Rent: $4,800/month
Market Segments
| Median Price | Sq Ft | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $3,200,000+ | 4,000+ | 0.3–0.75 acre | 5–6 | 5–6 | 5–20 yrs | 4 | 2 | 90 |
| $2,000,000–$3,200,000 | 2,800–4,000 | 7,500–11,000 sqft | 4–5 | 4–5 | 15–40 yrs | 8 | 5 | 72 |
| $1,200,000–$2,000,000 | 1,800–2,800 | 5,500–8,000 sqft | 3–4 | 3–4 | 30–55 yrs | 12 | 9 | 58 |
| Under $1,200,000 | 1,100–1,800 | Condo/Townhome | 2–3 | 2–3 | 30–55 yrs | 5 | 4 | 48 |
Conclusion
Sherman Oaks 91423 continues to perform as one of the Valley's most resilient and desirable submarkets. While the pace has eased from its peak, buyer confidence remains high and pricing has held firm. Sellers who price within current market expectations and prepare their homes properly can still achieve premium results, while buyers are finding more flexibility and negotiating room than they had in previous years.
Contact Information
Andrew: (818) 370-6121 | [email protected]
Fran: (818) 517-1411 | [email protected]
