$10,000 Closing Credit*
$1,039,000
1,710 SqFt
2 Beds
•2 Full Baths, 1 Partial
Elaina Marshall, Listing Office: Coldwell Banker Top Team
Is Studio City, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Studio City was a Seller's Market.
Key Takeaway
Studio City is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Studio City, CA
How much do homes in Studio City, CA cost?
Median Sold Price
$1,620,000
$766/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$78,041(+5.1%)
Key Takeaway
Homes in Studio City have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Studio City was $1,620,000 in October 2024, up 5.1% from last year, and the median price per square foot was $766.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $475K | $564.9K | +18.9% |
| 2 Bedrooms | $867K | $842K | -2.9% |
| 3 Bedrooms | $1.5M | $1.5M | +5.7% |
| 4 Bedrooms | $2.5M | $2.2M | -11.8% |
| 5+ Bedrooms | $3.4M | $3.4M | 0.5% |
Summary: Studio City housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.9%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes increased by 0.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Colfax Meadows | $1.4M | $2.1M | +44.8% |
| Studio City | $1.5M | $1.6M | +5.1% |
Housing Supply in Studio City, CA
How many homes are available in Studio City, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 191 | 237 | +24.1% |
Summary: The Studio City real estate market had 237 homes for sale in October 2024, a 24.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 42 | 49 | +16.7% |
| 3 Bedrooms | 49 | 58 | +18.4% |
| 4 Bedrooms | 48 | 66 | +37.5% |
| 5+ Bedrooms | 46 | 58 | +26.1% |
Summary: The Studio City housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 18.4%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 26.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 35 | +34.6% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Studio City, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in Studio City in October 2024, up by 34.6% month-over-month. Of the 35 sold homes, 43% were sold under asking, 17% were sold at asking, and 40% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 33 Days | +39.6% |
Summary: Homes in Studio City had an average of 33 days on market in Oct 2024, up by 39.6% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Studio City are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 35 homes were sold in Studio City; 66% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.