The median list price for Studio City, CA is $2,750,000, with the Market Action Index (MAI) holding steady at 32, indicating a slight seller’s advantage. Inventory has decreased to 93 homes, supporting current pricing levels. Stay up to date with the latest Studio City real estate trends.
Market Action Index
The Market Action Index measures the balance between supply and demand:
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Current MAI: 32 (Slight Seller’s Advantage)
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Last Month’s MAI: 32
The market remains stable. If MAI begins rising, expect prices to climb. A drop in MAI could signal more leverage for buyers.
Market Narrative
Studio City continues to hover in a seller-friendly zone, though conditions have cooled. Prices have flattened, and homes are spending longer on the market.
If buyer demand picks up, prices may rise again. If inventory continues to grow without a spike in sales, expect pricing pressure to trend downward.
Real-Time Market Profile
Here’s a snapshot of key market data:
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Median List Price: $2,750,000
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Median Price of New Listings: $1,949,999
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Price per Square Foot: $962
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Average Days on Market: 132
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Median Days on Market: 63
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Price Decreased: 45% of listings
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Price Increased: 2% of listings
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Relisted Properties: 22%
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Inventory: 93 properties
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Median Rent: $12,320/month
Market Segments
The Studio City market is segmented into four quartiles by price:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $4,700,000 | 4,579 | 0.25 - 0.5 acre | 5 | 5.5 | 15 | 1 | 2 | 98 |
| $2,999,999 | 3,304 | 8,000 - 10,000 sqft | 4 | 3.5 | 60 | 1 | 2 | 56 |
| $2,450,000 | 2,912 | 0.25 - 0.5 acre | 4 | 3 | 62 | 1 | 1 | 168 |
| $1,797,000 | 1,900 | 6,500 - 8,000 sqft | 3 | 2.5 | 75 | 3 | 9 | 59 |
Conclusion
Studio City’s market holds firm in seller territory, but signs of cooling are evident. Keep a close eye on inventory and MAI for early signals of a shift. Well-priced homes remain competitive, while overpricing may lead to longer market times.
Contact Information
For tailored guidance and exclusive listings in Studio City, reach out to:
📞 Andrew Spitz: (818) 453-9119 | ✉️ [email protected]
📞 Fran Chavez: (818) 517-1411 | ✉️ [email protected]
Stay informed and ahead in Studio City's dynamic real estate market!
