$7,113 Closing Credit*
$599,000
1,046 SqFt
2 Beds
•2 Full Baths
Nicholas Antonian, Listing Office: Lancelot Commercial/Industrial Brokerage
Is Studio City, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Studio City has remained a Seller's Market.
Key Takeaway
Studio City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Studio City, CA
How much do homes in Studio City, CA cost?
Median Sold Price
$1,648,666
$760/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$58,500(+3.7%)
Key Takeaway
Homes in Studio City have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Studio City was $1,648,666 in December 2024, up 3.7% from last year, and the median price per square foot was $760.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $520K | $632.5K | +21.6% |
| 2 Bedrooms | $875K | $835K | -4.6% |
| 3 Bedrooms | $1.5M | $1.6M | +6.7% |
| 4 Bedrooms | $2.3M | $2.3M | -0.8% |
| 5+ Bedrooms | $3.4M | $3.4M | -0.6% |
Summary: Studio City housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.6%, 2 bedroom homes decreased by 4.6%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes decreased by 0.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Studio City | $1.5M | $1.6M | +3.7% |
| Colfax Meadows | $2.0M | $2.0M | -1.4% |
Housing Supply in Studio City, CA
How many homes are available in Studio City, CA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 174 | 166 | -4.6% |
Summary: The Studio City real estate market had 166 homes for sale in December 2024, a 4.6% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 40 | 40 | 0.0% |
| 3 Bedrooms | 45 | 42 | -6.7% |
| 4 Bedrooms | 43 | 41 | -4.7% |
| 5+ Bedrooms | 41 | 38 | -7.3% |
Summary: The Studio City housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes decreased by 7.3%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 30 | 37 | +23.3% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 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. 78.4% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in Studio City in December 2024, up by 23.3% month-over-month. Of the 37 sold homes, 78% were sold under asking, 8% were sold at asking, and 14% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 37 Days | 66 Days | +78.2% |
Summary: Homes in Studio City had an average of 66 days on market in Dec 2024, up by 78.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Studio City has remained consistent over time.
Summary: During December 2024, 37 homes were sold in Studio City; 27% of homes were sold within 30 days, 54% of homes were sold within 30 to 90 days, and 19% 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.