This Week’s Market Overview
The median list price for Studio City, CA is $2,725,000, with the Market Action Index (MAI) at 34, indicating a slight seller’s advantage. Inventory is holding steady at 88 homes, and the MAI has shown a clear increase from 31 last month, signaling growing demand.
Market Action Index
The Market Action Index compares the rate of sales to the current inventory to measure market heat:
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Current MAI: 34 (Slight Seller’s Advantage)
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Last Month’s MAI: 31
Sales are beginning to outpace inventory levels, pushing the market toward more competitive conditions. If this trend continues, expect upward pressure on prices.
Market Narrative
Studio City continues to favor sellers as demand increases and available listings remain limited. The rising MAI over the past several weeks reflects strengthening buyer activity. If sales continue at this pace, prices may begin to edge higher in the coming weeks.
Real-Time Market Profile
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Median List Price: $2,725,000
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Median Price of New Listings: $2,296,500
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Price per Square Foot: $958
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Average Days on Market: 101
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Median Days on Market: 56
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Price Decreased: 23% of listings
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Price Increased: 2% of listings
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Relisted Properties: 28%
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Inventory: 88 homes
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Median Rent: $10,998/month
Market Segments
Studio City listings are divided into four quartiles by price, offering insights across the spectrum:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $4,397,000 | 4,645 | 0.25 - 0.5 acre | 5 | 5.5 | 16 | 2 | 1 | 70 |
| $2,999,499 | 3,204 | 6,500 - 8,000 sqft | 4 | 3.5 | 62 | 2 | 0 | 45 |
| $2,499,000 | 2,887 | 8,000 - 10,000 sqft | 4 | 3.5 | 45 | 1 | 0 | 101 |
| $1,899,000 | 2,181 | 6,500 - 8,000 sqft | 3 | 2.8 | 72 | 5 | 6 | 28 |
Conclusion
With rising demand and stable inventory, Studio City continues to favor sellers. Buyers may face increasing competition, particularly if inventory tightens. Keep an eye on the MAI for signs of shifting market dynamics.
Contact Information
For expert guidance and private opportunities in Studio City real estate, connect with:
📞 Andrew Spitz: (818) 453-9119 | ✉️ [email protected]
📞 Fran Chavez: (818) 517-1411 | ✉️ [email protected]
Stay informed and ahead of the curve in Studio City’s evolving market.
