This Week's Market Overview
The median list price for Sherman Oaks, CA 91423 is $1,795,000, reflecting steady demand across both residential and condo segments in this centrally located Valley neighborhood. Inventory sits at approximately 176 active homes, maintaining a slight seller’s advantage.
Market Action Index
Current MAI: 37 (Slight Seller’s Advantage) | Last Month’s MAI: 37
The MAI remaining steady suggests continued buyer activity. Well-priced homes, particularly those near Ventura Boulevard and in established residential pockets, continue to attract consistent interest.
Market Narrative
The 91423 market continues to show stable performance as spring inventory increases. Median sale prices are holding near $1.45 million, with marketing times generally ranging between 60 and 80 days as buyers take more time to evaluate.
Single-family homes in quiet residential pockets and updated condos near Ventura Boulevard are seeing the strongest activity. Homes requiring updates or priced above comparable sales are experiencing longer days on market and more negotiation.
Real-Time Market Profile
Median List Price: $1,795,000
Median Price of New Listings: $1,695,000
Price per Sq Ft: $768
Average Days on Market: 72
Median Days on Market: 54
% Price Decreased: 26%
% Price Increased: 3%
Relisted Properties: 13%
Inventory: 176 properties
Median Rent: $4,250/month
Market Segments
| Median Price | Sq Ft | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $3,200,000+ | 4,000+ | 8,000–12,000 sqft | 5–6 | 4–5 | 10–30 yrs | 4 | 2 | 85 |
| $2,000,000–$3,200,000 | 2,800–4,000 | 7,000–10,000 sqft | 4–5 | 3–4 | 20–50 yrs | 7 | 5 | 70 |
| $1,200,000–$2,000,000 | 1,800–2,800 | 6,000–8,000 sqft | 3–4 | 2–3 | 30–60 yrs | 12 | 9 | 60 |
| Under $1,200,000 | 1,000–1,800 | Condo/Townhome | 1–3 | 1–2 | 30–60 yrs | 10 | 8 | 50 |
Conclusion
Sherman Oaks 91423 remains a steady and accessible submarket with consistent demand across multiple price points. Buyers have more flexibility, while well-priced homes continue to transact at a healthy pace.
Contact Information
Andrew: (818) 370-6121 | [email protected]
Fran: (818) 517-1411 | [email protected]
