This Week’s Market Overview
The median list price for Studio City, CA 91604 is $2,295,000, reflecting continued strength in one of Los Angeles’ most desirable Valley neighborhoods. Inventory currently sits around 184 active homes, sustaining a slight seller’s advantage driven by limited supply and steady buyer demand.
Market Action Index
The Market Action Index (MAI) gauges the balance between supply and demand.
- Current MAI: 38 (Slight Seller’s Advantage)
- Last Month’s MAI: 39
The MAI has eased slightly as more listings hit the market, but demand for updated, move-in-ready homes remains robust. Studio City continues to draw professionals and families alike, maintaining strong competition in key submarkets south of Ventura Boulevard and Fryman Canyon.
Market Narrative
Market activity in 91604 remains healthy and competitive. Median sale prices have held near $1.9 million, up about 3% from last year, while homes are taking slightly longer to sell as buyers become more price-sensitive. Properties that are fully renovated or located in premium pockets—like Colfax Meadows, Silver Triangle, and Wrightwood Estates—continue to attract multiple offers.
Real-Time Market Profile
- Median List Price: $2,295,000
- Median Price of New Listings: $2,175,000
- Price per Square Foot: $882
- Average Days on Market: 71
- Median Days on Market: 57
- Price Decreased: 27% of listings
- Price Increased: 4% of listings
- Relisted Properties: 11%
- Inventory: 184 properties
- Median Rent: $5,400 / month
Market Segments
Studio City 91604 listings are divided into four pricing segments:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $4,350,000 | 5,200 | 12,000 – 20,000 sqft | 5–6 | 6 | 5–15 | 1 | 1 | 76 |
| $2,695,000 | 3,800 | 8,000 – 12,000 sqft | 4 | 4 | 15–25 | 1 | 1 | 64 |
| $1,675,000 | 2,600 | 6,000 – 8,000 sqft | 3 | 3 | 25–40 | 1 | 1 | 57 |
| $975,000 | 1,300 | Condo / Townhome | 2–3 | 2–3 | 30–45 | 0 | 0 | 50 |
Conclusion
Studio City 91604 continues to demonstrate strong market fundamentals, with limited inventory and stable pricing. While the pace of sales has eased slightly, demand remains consistent for modernized homes and well-situated properties in the hills. Sellers can expect continued interest for turnkey listings, while buyers benefit from improved negotiating conditions and a wider selection than in recent years.
Contact Information
For expert insights and exclusive property opportunities in Studio City 91604, contact:
📞 Andrew Spitz: (818) 453-9119 | ✉️ [email protected]
📞 Fran Chavez: (818) 517-1411 | ✉️ [email protected]
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