This Week's Market Overview
The median list price for Sherman Oaks, CA 91423 is $1,845,000, reflecting steady demand across both single-family homes and condominiums in this centrally located Valley community. Inventory currently stands at 171 active homes, maintaining a slight seller's advantage while providing buyers with increased selection.
Market Action Index
Current MAI: 36 (Slight Seller's Advantage) | Last Month's MAI: 36
The Market Action Index remains stable month over month, reflecting healthy buyer demand despite a modest increase in available inventory.
Market Narrative
The 91423 market continues to perform steadily as summer inventory builds. Buyers remain active but are taking a more deliberate approach, resulting in longer marketing periods for homes that are not competitively priced.
Updated single-family homes in established neighborhoods continue to attract multiple interested buyers, while renovated condominiums near Ventura Boulevard remain popular among first-time buyers, downsizers, and investors. Sellers who align pricing with current market conditions continue to see the strongest results.
Real-Time Market Profile
Median List Price: $1,845,000
Median Price of New Listings: $1,725,000
Price per Sq Ft: $776
Average Days on Market: 73
Median Days on Market: 55
Price Decreased: 27%
Price Increased: 2%
Relisted: 13%
Inventory: 171 properties
Median Rent: $4,350/month
Market Segments
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
$3,350,000 | 4,100 | 8,000–12,000 sqft | 5 | 5 | 14 | 3 | 3 | 88 |
$2,195,000 | 3,050 | 7,000–10,000 sqft | 4 | 4 | 28 | 6 | 5 | 70 |
$1,495,000 | 2,100 | 6,000–8,000 sqft | 3 | 3 | 45 | 10 | 8 | 58 |
$895,000 | 1,350 | Condo/Townhome | 2 | 2 | 35 | 8 | 7 | 46 |
Conclusion
Sherman Oaks 91423 remains a balanced and active market with healthy buyer demand across a variety of price points. Buyers have more opportunities to compare inventory, while sellers who present and price their homes strategically continue to achieve competitive results.
Contact Information
Andrew: (818) 370-6121 | [email protected]
Fran: (818) 517-1411 | [email protected]
