This Week's Market Overview
The median list price for Studio City, CA 91604 is $2,381,500, with 162 active properties currently on the market and an average price per square foot of $1,013. The Market Action Index holds at 35, reflecting a consistent slight seller's advantage as spring buyer activity picks up along the Ventura corridor and into the hillside neighborhoods.
Market Action Index
Current MAI: 35 (Slight Seller's Advantage) | Last Month's MAI: 32
The MAI has moved up from last month — a meaningful positive signal heading into the prime spring selling season. Demand is accelerating relative to available supply, and if the trend holds, renewed upward pressure on pricing is likely to follow.
Market Narrative
Studio City enters May 2026 with genuine momentum. Median sale prices are now hovering near $1.93 million — up approximately 18.5% year-over-year — a figure that reflects strong underlying demand even as overall inventory has expanded compared to recent years. At 162 active listings, buyers have more to choose from than at the market's tightest points, but the best homes are still moving decisively.
Single-family homes in the flats north of Ventura Boulevard — particularly those that are updated, move-in ready, and priced accurately — are going pending in as little as two to three weeks. Hillside properties above Mulholland, while commanding premium price-per-square-foot figures for their canyon views, are taking moderately longer as buyers weigh access and lifestyle tradeoffs. Architectural homes and properties with outdoor living space, pools, or ADU units are consistently outperforming the broader market.
Homes with deferred maintenance or aggressive pricing are sitting, and buyers in this ZIP are experienced and well-informed — they know the comps. Sellers who approach the market with realistic pricing and strong presentation are still achieving excellent outcomes.
Real-Time Market Profile
- Median List Price: $2,381,500
- Median Price of New Listings: $2,046,250
- Price per Sq Ft: $1,013
- Average Days on Market: 52
- Median Days on Market: 31
- % Price Decreased: 24%
- % Price Increased: 3%
- Relisted Properties: 13%
- Inventory: 162 properties
- Median Rent: $6,200/month
Market Segments
| Median Price | Sq Ft | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $5,000,000+ | 4,500+ | 0.3–0.75 acre | 5–6 | 5–6 | 5–25 yrs | 3 | 2 | 75 |
| $2,800,000–$5,000,000 | 3,000–4,500 | 0.2–0.4 acre | 4–5 | 4–5 | 15–40 yrs | 6 | 5 | 55 |
| $1,500,000–$2,800,000 | 1,800–3,000 | 6,000–9,000 sqft | 3–4 | 3–4 | 30–60 yrs | 12 | 10 | 45 |
| Under $1,500,000 | 800–1,800 | Condo/Townhome | 1–3 | 2–3 | 30–55 yrs | 5 | 4 | 38 |
Conclusion
Studio City 91604 is delivering one of the stronger spring performances in the Valley, with a rising MAI, firm pricing, and robust activity in the well-positioned segments of the market. For buyers, the current window offers more inventory and slightly more negotiating room than the peak years — but the best properties are not waiting. Sellers who lead with accurate pricing and excellent presentation are still commanding strong outcomes in one of Los Angeles' most desirable neighborhoods.
Contact Information
Andrew: (818) 370-6121 | [email protected]
Fran: (818) 517-1411 | [email protected]
