Is Studio City, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Studio City has remained a Seller's Market.
Housing Prices in Studio City, CA
How much do homes in Studio City, CA cost?
Median Sold Price
$1,540,708
$743/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Studio City was $1,540,708 in March 2024, down 2.5% from last year, and the median price per square foot was $743.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $500K | $505K | +1.0% |
2 Bedrooms | $825K | $879.5K | +6.6% |
3 Bedrooms | $1.6M | $1.4M | -8.7% |
4 Bedrooms | $2.4M | $2.3M | -6.5% |
5+ Bedrooms | $3.7M | $3.4M | -7.9% |
Summary: Studio City housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1%, 2 bedroom homes increased by 6.6%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes decreased by 7.9%.
Median Sold Price Compared To Nearby Neighborhoods
Colfax Meadows | $1.2M | $1.8M | +46.0% |
Studio City | $1.5M | $1.5M | -2.5% |
Housing Supply in Studio City, CA
How many homes are available in Studio City, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
128 | 151 | +18.0% |
Summary: The Studio City real estate market had 151 homes for sale in March 2024, a 18.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 32 | 37 | +15.6% |
3 Bedrooms | 40 | 42 | +5.0% |
4 Bedrooms | 21 | 25 | +19.0% |
5+ Bedrooms | 31 | 43 | +38.7% |
Summary: The Studio City housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15.6%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 19%, and 5+ bedroom homes increased by 38.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 33 | +37.5% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in Studio City in March 2024, up by 37.5% month-over-month. Of the 33 sold homes, 52% were sold under asking, 9% were sold at asking, and 39% were sold over asking.
Days on Market for Studio City, CA
How long does it take to sell a home in Studio City, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
21 Days | 32 Days | +46.0% |
Summary: Homes in Studio City had an average of 32 days on market in Mar 2024, up by 46% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 33 homes were sold in Studio City; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.