This Week's Market Overview
The median list price for Toluca Lake / Studio City, CA 91602 is $2,195,000, reflecting continued demand for character homes, newer luxury residences, and one of the most desirable neighborhoods bordering the Studios. Inventory currently sits at approximately 96 active homes, maintaining a slight seller's advantage.
Market Action Index
Current MAI: 36 (Slight Seller's Advantage) | Last Month's MAI: 36
The Market Action Index remains unchanged, indicating stable market conditions. Buyer demand continues to support well-priced homes, particularly those offering updated interiors and walkable locations.
Market Narrative
The 91602 market remains active as buyers continue seeking neighborhoods that combine charm, convenience, and long-term value. Toluca Lake and Studio City continue to attract professionals, entertainment industry buyers, and families looking for established residential streets with excellent access to studios, dining, and shopping.
Move-in-ready homes continue to outperform the broader market, while properties requiring significant updates or priced above recent comparable sales are seeing longer marketing periods and greater buyer negotiation.
Real-Time Market Profile
Median List Price: $2,195,000
Median Price of New Listings: $2,045,000
Price per Sq Ft: $896
Average Days on Market: 73
Median Days on Market: 56
Price Decreased: 26%
Price Increased: 3%
Relisted: 12%
Inventory: 96 properties
Median Rent: $5,600/month
Market Segments
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
$4,250,000+ | 4,600+ | 8,500–12,000 sqft | 5–6 | 5–6 | 8 yrs | 3 | 2 | 90 |
$2,700,000–$4,250,000 | 3,300–4,600 | 7,500–10,000 sqft | 4–5 | 4–5 | 18 yrs | 5 | 4 | 75 |
$1,700,000–$2,700,000 | 2,200–3,300 | 6,000–8,000 sqft | 3–4 | 3–4 | 35 yrs | 8 | 7 | 60 |
Under $1,700,000 | 1,200–2,200 | Condo/Townhome | 2–3 | 2–3 | 40 yrs | 6 | 5 | 48 |
Conclusion
The 91602 market continues to offer a desirable blend of classic architecture, luxury new construction, and exceptional location. Buyer demand remains healthy, and homes that are thoughtfully prepared and competitively priced continue to achieve favorable results.
Contact Information
Andrew: (818) 370-6121 | [email protected]
Fran: (818) 517-1411 | [email protected]
