Median prices in all four tracked submarkets — Burbank, North Hollywood, Studio City, and Woodland Hills — remained high in late 2025, with modest month‑over‑month gains in most areas and a clear adjustment from the 2022 peak pricing plus higher mortgage rates. Inventory remains tight, but buyers are getting a bit more breathing room than during the frenzy years of 2021–2022, especially as 30‑year fixed rates hover in the mid‑6% range.
November 2025 Market Blog Post
As 2025 winds down, the four core submarkets tracked here continue to show remarkable price resilience despite elevated interest rates and a more balanced pace of sales. Median prices in November 2025 sit well above pre‑pandemic levels in every area, even after the run‑up of 2021–2022 and the rate shock of 2023–2024. A 30‑year fixed mortgage is still in the low‑6% range, which keeps monthly payments elevated and has many potential sellers “locked in” to older, lower‑rate loans.
Burbank: Quiet Strength Near the Peak
In November 2025, Burbank’s median sale price is around $1.23M, essentially back to its prior 2024 highs and up significantly from early 2023 levels. The market here remains driven by limited supply; prices briefly softened in mid‑2025, but bounced back into the fall as buyers competed for a small pool of well‑located homes near studios, tech employment, and strong schools. For would‑be move‑up sellers, the big tension is trading a low‑3% or 4% loan for a new mortgage near 6.25–6.5%, which is keeping listing inventory from expanding more meaningfully.
For buyers, this translates into a market where aggressive over‑asking bids are less common than in 2021, but “waiting for a crash” has not paid off; the floor under Burbank pricing remains quite firm. Well‑priced properties are still moving quickly and often with multiple offers, especially in entry‑level price points below the neighborhood median.
North Hollywood: More Attainable, Still Climbing
North Hollywood continues to offer a relative affordability play compared with nearby Burbank and Studio City, with November 2025 median prices around $920K. That number is meaningfully higher than pre‑2020 pricing, but the area still trades at a noticeable discount to neighboring Studio City while benefiting from the same broader Valley job and amenity base.
Price data across 2023–2025 show that North Hollywood absorbed higher interest rates with only brief pauses in appreciation before resuming an upward trend. For investors and first‑time buyers, this submarket still looks like an on‑ramp into homeownership or long‑term rental holdings, with stronger cash‑flow potential than the more expensive hillside and prime core locations.
Studio City: Luxury Volatility at High Altitude
Studio City remains the price leader by a wide margin, with November 2025 median prices in the low‑to‑mid $1.3M range after large swings earlier in the year. The past few years show some of the widest month‑to‑month variation in this submarket, reflecting a smaller sample size and a concentration of higher‑end properties where a few big sales can move the median dramatically.
Despite that volatility, the broader trend line since 2019 is clear: Studio City has climbed into a firmly luxury price tier and has held there, even through double‑digit mortgage rate increases from the 3% range into the 6–7% band. Buyers in this segment tend to be less rate‑sensitive and more driven by school districts, hillside and view lots, and proximity to studios, which helps sustain pricing even when overall buyer traffic cools.
Woodland Hills: Suburban Upside with Some Give‑Back
Woodland Hills posted a median around $1.145M in November 2025, down from some of its 2022–2024 spikes but still materially above the pre‑pandemic baseline. This submarket saw some of the most dramatic appreciation during the remote‑work and “more space” era, and the last two years show a natural give‑back of a portion of those gains as buyers recalibrate budgets around higher monthly payments.
Even with that adjustment, longer‑term charts from 2008 onward show Woodland Hills well above its prior cycle peaks, indicating that most long‑term owners are sitting on substantial equity cushions. For buyers, the area remains appealing for larger lots and suburban amenities compared to more central Valley locations, without the Studio City price tag.
Mortgage Rates: The Gravity Under All Four Markets
The common thread across all four submarkets is the path of the 30‑year fixed mortgage rate, which climbed from the low‑3% range in 2020–2021 to roughly the mid‑6% range by late 2025. That shift roughly doubled monthly principal‑and‑interest payments at today’s prices compared to the ultra‑cheap money era, which explains both the slower pace of bidding wars and the reluctance of many owners to list and give up their existing loans.
Looking over the full historical series back to 2008, this is not the highest rate environment on record, but it is the most expensive combination of prices and rates local buyers have faced at the same time. The result is a “stalemate” feel: strong underlying demand and incomes on one side, and payment shock plus limited inventory on the other.
What This Means for Buyers and Sellers
For sellers in any of the four submarkets, pricing strategically within the data band for recent 90‑day sales is critical; overreaching in this rate environment can easily push a listing into extended market time and eventual price cuts. However, owners who bought before or early in the last cycle are sitting on meaningful equity, and November 2025 data show there is still a solid buyer pool for homes that show well and are realistically priced.
For buyers, the takeaway from the November numbers is that “timing the bottom” has been difficult; in most of these areas the bottom of any minor dip has already passed. The more effective strategy has been to watch a specific submarket, understand its monthly median and typical range, and move quickly when a listing is priced at a discount to that band or offers unusually strong fundamentals.