- calendar_month October 2, 2023
- folder Market Update
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Absorption, California, Home Sales, Homes For Sale, Housing Market Update, Los Angeles, Property, real estate, Studio City
In September 2023, the real estate market in Studio City, CA 91604 remained competitive, firmly favoring sellers. With 25 active listings, a median average price of $2,795,009, and a median price per square foot of $1,034, the market showcased its resilience. Over the course of the month, 17 homes were sold, spending a median of just 27 days on the market. The median sold price settled at $2,225,000, reflecting the strong demand in the area. With an absorption rate of 68%, it's clear that Studio City is experiencing a sellers' market, where demand continues to outpace supply, presenting favorable conditions for those looking to sell their properties.