Sherman Oaks, CA 91423 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Key Findings

1. The neighborhood's primary market value indicator is the median sold price $1,490,000, which reflects recent closed transactions and suggests modest appreciation given the broader price trend is up.
2. Liquidity appears slow based on the median days on market 370, which suggests slower sales velocity and may indicate more time required to reach contract compared with typical market turnover.
3. There is a notable spread between the median listing price $2,300,000 and the median sold price $1,490,000, which may indicate pricing friction where seller expectations exceed recent transaction values and could create negotiation leverage for informed buyers.
4. Market-level indicators show a neutral market temperature neutral; combined with rent trending down and moderate interest rate pressure, this suggests balanced conditions with cautious buyer activity rather than a strongly one-sided market.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.