Pango Group

Studio City, CA

Single-Family Homes

www.pangogroup.com



Studio City, CA

Sun Jul 14 2024
This week the median list price for Studio City, CA is $2,885,000 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has increased to 83. Click here to stay informed with the Studio City market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Studio City, CA

Sun Jul 14 2024
This week the median list price for Studio City, CA is $2,885,000 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has increased to 83. Click here to stay informed with the Studio City market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Studio City market.
Median List Price $2,885,000
Median Price of New Listings $2,595,000
Per Square Foot $965
Average Days on Market 76
Median Days on Market 49
Price Decreased 36%
Price Increased 2%
Relisted 17%
Inventory 83
Median Rent
Market Action 36
Slight Seller's Advantage

The market appears to be hovering around this plateau. This week prices eased down a bit. The Market Action Index is a good leading indicator for the durability of this shift.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$5,196,500 5,107 0.25 - 0.5 acre 5 5.5 14 3 2 66
$3,299,000 3,165 0.25 - 0.5 acre 4 4 63 2 2 63
$2,299,000 2,666 6,500 - 8,000 sqft 3 3 64 4 3 21
$1,649,000 1,726 6,500 - 8,000 sqft 3 2.5 76 2 3 49