Nicole Costas' Market Report

Studio City, CA

Single-Family Homes

DRE #01049913 | 323-630-6976 |nicole.costas@compass.com



Studio City, CA

Wed May 22 2024
This week the median list price for Studio City, CA is $2,999,999 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has increased to 70. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Studio City, CA

Wed May 22 2024
This week the median list price for Studio City, CA is $2,999,999 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has increased to 70. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Studio City market.
Median List Price $2,999,999
Median Price of New Listings $2,187,000
Per Square Foot $1,004
Average Days on Market 84
Median Days on Market 49
Price Decreased 40%
Price Increased 0%
Relisted 14%
Inventory 70
Median Rent
Market Action 35
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$5,500,000 5,112 0.5 - 1 acre 5 6 18 2 1 49
$3,495,000 3,255 0.25 - 0.5 acre 5 4 60 2 1 49
$2,532,000 2,696 6,500 - 8,000 sqft 4 3 64 5 2 17
$1,607,500 1,679 8,000 - 10,000 sqft 3 2 74 7 1 49