Is Sherman Oaks, CA 91423 a buyer’s or seller’s market?

The Sherman Oaks housing market right now

In the three months ending August 31, 2026, 29% of homes in Sherman Oaks, CA 91423 sold above their list price, the typical home went under contract in 49 days and there were 4.6 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 79 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 15%, homes sold faster (71 days then) and the median sale price fell 12% to $1,521,841. 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 57% of the county’s ZIP codes, and sell less often over asking than in 69%. On our competition score, Sherman Oaks ranks #846 of 1,069 CA ZIP codes with enough sales (score 45 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.