Nicole Costas' Market Report

Studio City, CA

Single-Family Homes

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



Studio City, CA

Tue Oct 19 2021
This week the median list price for Studio City, CA is $2,299,000 with the market action index hovering around 51. This is about the same as last month's market action index of 51. Inventory has increased to 49. 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

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Studio City, CA

Tue Oct 19 2021
This week the median list price for Studio City, CA is $2,299,000 with the market action index hovering around 51. This is about the same as last month's market action index of 51. Inventory has increased to 49. 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

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Studio City market.
Median List Price $2,299,000
Median Price of New Listings $2,599,999
Per Square Foot $895
Average Days on Market 68
Median Days on Market 42
Price Decreased 39%
Price Increased 4%
Relisted 18%
Inventory 49
Median Rent $7,800
Market Action 51
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$3,870,000 4,749 0.25 - 0.5 acre 5 5 41 4 2 38
$2,922,500 3,354 0.25 - 0.5 acre 4 4 59 2 0 70
$2,149,500 2,383 8,000 - 10,000 sqft 3 2 58 2 1 21
$1,375,000 1,531 4,500 - 6,500 sqft 2 2 79 3 4 42