Is Sherman Oaks, CA 91403 a buyer’s or seller’s market?

The Sherman Oaks housing market right now

In the three months ending August 31, 2026, 26% of homes in Sherman Oaks, CA 91403 sold above their list price, the typical home went under contract in 56 days and there were 6.9 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 56 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 14%, homes sold faster (62 days then) and the median sale price fell 17% to $1,552,578. Overall, Sherman Oaks is more competitive than a year ago, so tougher for buyers.

Within Los Angeles County, homes here sell more slowly than in 73% of the county’s ZIP codes, and sell less often over asking than in 76%. On our competition score, Sherman Oaks ranks #899 of 1,069 CA ZIP codes with enough sales (score 40 out of 100).

Nearby, buyers who want less competition could look at Mount Baldy 91759 (0% sold over asking) or Glendale 91210 (0% sold over asking), while Los Angeles 90057 (100% sold over asking) and Burbank 91502 (86% sold over asking) are even more competitive.