Sherman Oaks, CA 91423 Real Estate Market Report

ZIP Code: 91423
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Sherman Oaks is $1,675,000, reflecting a stable market with moderate appreciation. This price point indicates a healthy demand, particularly in the context of the current market conditions. The market has shown an upward trend, suggesting a positive trajectory for property values in the area.

Transaction activity appears to be characterized by elevated inventory levels, which may indicate a slower sales velocity. With a median days on market of 363, properties are taking longer to sell, suggesting that buyers may be exercising caution in their purchasing decisions. Despite this, the rental market remains robust, with a median market rent of $3,660, reflecting strong demand and a favorable economic backdrop for landlords.

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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.

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Market Metrics

Note: 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.

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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.

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Property Taxes

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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.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Sherman Oaks, CA are averaging 6.38%, which is 0.88% higher than the average rate of 5.50% seen in early 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $1,675,000 suggests a stable market with moderate appreciation.

2. With 363 days on market, properties are experiencing slower sales velocity, indicating potential pricing friction.

3. The median listing price of $2,396,500 shows a significant gap compared to sold prices, reflecting seller expectations that may not align with buyer sentiment.

4. The rental market is strong, with median market rent at $3,660, indicating increasing demand for rental properties.

5. Current interest rate pressure is elevated, with mortgage rates averaging 6.38%, which could impact buyer affordability and market dynamics.

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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.