This Week's Market Overview
The median list price for Studio City, CA 91604 is $2,395,000, reflecting continued demand for luxury homes, hillside properties, and neighborhoods surrounding Ventura Boulevard. Inventory currently sits at approximately 142 active homes, maintaining a slight seller's advantage.
Market Action Index
Current MAI: 35 (Slight Seller's Advantage) | Last Month's MAI: 35
The Market Action Index remains steady from last month, indicating consistent buyer demand despite a more balanced pace of sales. Updated homes in prime locations continue to command the strongest interest.
Market Narrative
The 91604 market continues to perform well as the summer selling season progresses. Buyers remain focused on turnkey homes offering modern finishes, functional floor plans, and desirable indoor/outdoor living spaces. While buyers have become more selective, well-priced properties continue to sell efficiently.
Homes south of Ventura Boulevard and within Studio City's hillside neighborhoods continue to generate premium demand. Properties requiring renovation or priced above comparable sales are spending more time on the market and seeing increased price negotiations.
Real-Time Market Profile
Median List Price: $2,395,000
Median Price of New Listings: $2,250,000
Price per Sq Ft: $915
Average Days on Market: 76
Median Days on Market: 59
Price Decreased: 27%
Price Increased: 3%
Relisted: 14%
Inventory: 142 properties
Median Rent: $5,750/month
Market Segments
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
$4,500,000+ | 4,500+ | 0.25–0.5 acre | 5–6 | 5–6 | 5 yrs | 4 | 2 | 95 |
$2,800,000–$4,500,000 | 3,200–4,500 | 7,500–10,000 sqft | 4–5 | 4–5 | 15 yrs | 8 | 6 | 80 |
$1,800,000–$2,800,000 | 2,200–3,200 | 6,000–8,500 sqft | 3–4 | 3–4 | 25 yrs | 12 | 9 | 65 |
Under $1,800,000 | 1,200–2,200 | Condo/Townhome | 2–3 | 2–3 | 30 yrs | 9 | 7 | 55 |
Conclusion
Studio City 91604 remains one of the San Fernando Valley's most sought-after neighborhoods, combining luxury housing, walkable amenities, and convenient access to both Hollywood and the Westside. Well-prepared homes continue to generate strong buyer interest despite a more measured market pace.
Contact Information
Andrew: (818) 370-6121 | [email protected]
Fran: (818) 517-1411 | [email protected]
