Review the current Studio City housing market for prices. Compare trends for Studio City real estate statistics to determine if the market is UP or DOWN.
You’ll learn about the latest local real estate statistics, including inventory levels, median prices, and days on market. Plus, you can see how your home compares to others in the area with our detailed charts and graphs. If you want to know what’s happening now in the Studio City housing market – this is where you need to be!
Overall View of Studio City Real Estate Statistics 2021
This chart covers real estate activity in 2021. Review the numbers before looking at more Studio City homes or Studio City condos for sale. There are many factors that go into determining how much a house should cost in any given area, but there are some key indicators that determine whether or not it’s time to buy.
The first thing to look at is price per square foot (PPSF). This number tells us how much value we get for our money when purchasing property.
For example, if two homes have similar features but one costs $100 more than the other per square foot, then it might be worth considering why this difference exists before making an offer on either property.
Another important factor to consider when evaluating Studio City housing trends is inventory levels or months of supply; this refers to how many homes are currently available for sale in a particular area compared to historical averages and long-term trends. When inventory levels drop below average, it means demand exceeds supply which often leads prices up over time because buyers have fewer options from which they can choose their ideal home.
| Real Estate Statistics | Homes 2021 | Studio City Homes 2020 | Studio City Condos 2020 | Condos 2019 | Studio City Townhomes 2020 | Townhomes 2019 |
|---|---|---|---|---|---|---|
| Average Selling Prices | $2,275,561 | $2,083,957 | $690,109 | $742,361 | $697,419 | $794,726 |
| How many days does it take to sell a home? | 30 | 32 | 24 | 32 | 19 | 22 |
| Months of Inventory Available | 1.80 | 4.10 | 3.00 | 1.60 | 2.20 | 1.30 |
| Average Price per Square Foot | $807 | $722 | $520 | $554 | $507 | $533 |
| Percentage of the Listed Price Properties Sold for | 101.30% | 98.80% | 99.90% | 101.40% | 101.30% | 103.60% |
| Total Sales Jan to June 2020 | 373 | 297 | 111 | 162 | 47 | 61 |
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