This Week’s Market Overview
The median list price for Studio City, CA is $2,698,000, with the Market Action Index (MAI) rising to 35, indicating a slight seller’s advantage. Inventory is steady at 90 active listings, and the MAI has increased from 32 last month, reflecting accelerating demand.
Market Action Index
The Market Action Index gauges the balance between supply and demand:
-
Current MAI: 35 (Slight Seller’s Advantage)
-
Last Month’s MAI: 32
With sales continuing to outpace supply, sellers remain in control. If this trend continues, expect further upward pressure on prices.
Market Narrative
Studio City remains in a seller’s market, with demand exceeding available inventory. The Market Action Index has been climbing for several weeks, confirming stronger buyer activity. Should this momentum persist, prices are likely to rise in tandem.
Real-Time Market Profile
-
Median List Price: $2,698,000
-
Median Price of New Listings: $2,000,000
-
Price per Square Foot: $958
-
Average Days on Market: 103
-
Median Days on Market: 56
-
Price Decreased: 27% of listings
-
Price Increased: 2% of listings
-
Relisted Properties: 29%
-
Inventory: 90 homes
-
Median Rent: $10,998/month
Market Segments
Studio City listings are segmented into quartiles to highlight trends across price points:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $4,395,000 | 4,579 | 8,000 - 10,000 sqft | 5 | 5.5 | 3 | 2 | 2 | 91 |
| $2,997,499 | 3,204 | 8,000 - 10,000 sqft | 4 | 3.5 | 62 | 2 | 3 | 52 |
| $2,495,000 | 3,009 | 8,000 - 10,000 sqft | 4 | 3.5 | 43 | 1 | 1 | 91 |
| $1,849,000 | 2,006 | 4,500 - 6,500 sqft | 3 | 2.6 | 73 | 6 | 4 | 42 |
Conclusion
With a rising Market Action Index and steady inventory, Studio City remains a competitive environment for buyers. If demand keeps growing, sellers can expect continued appreciation in prices. Buyers should be prepared for tighter negotiations.
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 ahead with the latest Studio City market insights!
