This Week’s Market Overview
The median list price for Sherman Oaks, CA 91403 is $2,499,000, with the Market Action Index (MAI) at 32, reflecting a slight seller’s advantage. Inventory is 127 homes, a bit tighter than last month; last month’s MAI was 30.
Market Action Index
The Market Action Index gauges the balance between supply and demand:
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Current MAI: 32 (Slight Seller’s Advantage)
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Last Month’s MAI: 30
Although the MAI has ticked up, the market remains in seller’s territory. If demand softens or inventory rises, conditions could drift toward a buyer’s advantage.
Market Narrative
Market activity has firmed slightly in recent weeks. Prices are on a mild plateau; with MAI above 30, pricing should hold unless demand cools or new listings build.
Real-Time Market Profile
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Median List Price: $2,499,000
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Median Price of New Listings: $2,544,944
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Price per Square Foot: $869
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Average Days on Market: 95
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Median Days on Market: 77
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Price Decreased: 30% of listings
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Price Increased: 0% of listings
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Relisted Properties: 23%
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Inventory: 127 properties
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Median Rent: $2,740/month (Zillow ZORI, Aug 31, 2025)
Market Segments
Sherman Oaks listings (covering 91403) are divided into four pricing segments:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $4,147,947 | 4,830 | 0.25–0.5 acre | 5 | 5.5 | 7 | 0 | 3 | 77 |
| $2,711,500 | 3,435 | 0.25–0.5 acre | 4 | 4.3 | 51 | 2 | 5 | 84 |
| $2,247,500 | 2,616 | 6,500–8,000 sqft | 4 | 3 | 73 | 0 | 4 | 84 |
| $1,695,000 | 1,940 | 6,500–8,000 sqft | 3 | 2.5 | 74 | 2 | 6 | 42 |
Conclusion
91403 (Sherman Oaks) sits in a slight seller’s market: MAI has inched up, inventory is manageable, and prices are stable. If MAI slips or supply builds, pricing could face downward pressure—creating opportunities on longer-sitting listings.
Contact Information
For expert insights and exclusive property opportunities in Los Angeles, contact:
📞 Andrew Spitz: (818) 453-9119 | ✉️ [email protected]
📞 Fran Chavez: (818) 517-1411 | ✉️ [email protected]
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