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Sherman Oaks

SHERMAN OAKS, CA 91423

Real Estate Market Report  ·  Los Angeles County
Buyer's Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 91423

Sherman Oaks

Market Analysis

Data as of March 2026. Source: Realtor.com.

The SHERMAN OAKS, CA real estate market (91423) currently shows 141 active listings, with 35 pending sales. Homes are averaging 47 days on the market before going under contract.

Inventory has increased compared to last year, with 21 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 47 days on market compared to 40 days last year.

The median listing price has fallen 14.9% year-over-year, from $2,099,000 to $1,786,500.

Whether you are buying or selling in SHERMAN OAKS, CA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 31,787  ·  Density: 3,021.3/mi²  ·  Median household income: $104,205

Typical home value: $1,252,950  ·  Homeownership: 37.9%

Market Overview

Active Listings
141
⇧ 17.5% vs 120 last year
Pending
35
25% pending ratio
Median Price
$1,786,500
⇩ 14.9% vs $2,099,000 last year
Average Price
$2,151,627
⇩ 7.3% vs $2,320,070 last year
Days on Market
47
⇧ 17.5% vs 40 days last year

Price Per Square Foot

Median $/sqft
$763
⇩ 3.8% vs $793/sqft last year
Median Home Size
2,141 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 141 this year vs 120 last year
  • Days on market: 47 now vs 40 last year

Median & Average Pricing

Year over Year
  • Median: $1,786,500 (-14.9% YoY)
  • Average: $2,151,627 (-7.3% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 6.3 miles — 1,661 listings ($10,260,006,755 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
91423Sherman Oaks, CA 914230.0 mi123$272,384,730$1,744,950$2,214,510
91401Van Nuys, CA 914012.0 mi59$106,269,266$1,360,500$1,801,174
91604Studio City, CA 916042.3 mi141$396,205,629$2,360,500$2,809,969
90077Los Angeles, CA 900773.3 mi117$1,830,335,130$6,150,000$15,643,890
90210Beverly Hills, CA 902103.4 mi240$3,590,131,680$9,747,500$14,958,882
91601North Hollywood, CA 916013.7 mi38$63,221,398$1,119,500$1,663,721
91602North Hollywood, CA 916023.8 mi53$101,665,660$1,383,746$1,918,220
91406Van Nuys, CA 914064.7 mi96$86,659,968$906,056$902,708
90069West Hollywood, CA 900694.8 mi270$1,284,476,940$1,661,500$4,757,322
91505Burbank, CA 915055.2 mi54$69,072,264$1,157,000$1,279,116
90049Los Angeles, CA 900495.4 mi217$1,806,359,646$3,597,500$8,324,238
90068Los Angeles, CA 900686.1 mi160$398,305,120$1,996,000$2,489,407
90048Los Angeles, CA 900486.3 mi93$254,919,324$1,989,000$2,741,068

Frequently Asked Questions

How many homes are for sale in SHERMAN OAKS, CA 91423?

As of March 2026, there are 141 active listings in SHERMAN OAKS, CA (zip code 91423), compared to 120 the prior year.

What is the median home price in SHERMAN OAKS, CA 91423?

The median listing price in SHERMAN OAKS, CA 91423 is $1,786,500 as of March 2026, a 14.9% decrease from $2,099,000 the prior year.

How long do homes stay on the market in SHERMAN OAKS, CA?

Homes in SHERMAN OAKS, CA 91423 spend an average of 47 days on the market before going under contract, compared to 40 days the prior year.

Is it a seller's or buyer's market in SHERMAN OAKS, CA 91423?

Based on current inventory and days-on-market data as of March 2026, SHERMAN OAKS, CA 91423 is currently a Buyer's Market. Inventory has increased compared to last year, with 21 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 47 days on market compared to 40 days last year.

How much can I save on real estate commission in SHERMAN OAKS, CA?

With SELL123.com's maximum 3% commission, sellers in SHERMAN OAKS, CA 91423 save an estimated $35,730 compared to a typical 5% commission on the median listing price of $1,786,500. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.