Nicole Costas' Market Report

Studio City, CA

Single-Family Homes

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



Studio City, CA

Sat Sep 30 2023
This week the median list price for Studio City, CA is $2,195,000 with the market action index hovering around 45. This is less than last month's market action index of 46. Inventory has decreased to 47. 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.

Strong Seller's Market

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Studio City, CA

Sat Sep 30 2023
This week the median list price for Studio City, CA is $2,195,000 with the market action index hovering around 45. This is less than last month's market action index of 46. Inventory has decreased to 47. 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.

Strong Seller's Market

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Studio City market.
Median List Price $2,195,000
Median Price of New Listings $2,095,000
Per Square Foot $851
Average Days on Market 76
Median Days on Market 56
Price Decreased 51%
Price Increased 13%
Relisted 23%
Inventory 47
Median Rent
Market Action 45
Strong Seller's Market

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.

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
$5,495,000 4,800 8,000 - 10,000 sqft 5 5 8 2 3 112
$2,620,000 2,582 8,000 - 10,000 sqft 4 3 66 1 6 28
$1,950,499 2,368 6,500 - 8,000 sqft 3 3 67 2 1 49
$1,590,450 1,931 8,000 - 10,000 sqft 3 2.5 68 2 2 80