Is Culver City, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Culver City is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Culver City has remained a Seller's Market.

Key Takeaway

Culver City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Culver City, CA cost?

Median Sold Price

$1,084,200

$752/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$57,950(+5.6%)

Key Takeaway

Homes in Culver City have sold for 5.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $485K$520K
+7.2%
2 $665K$725K
+9.0%
3 $1.3M$1.4M
+12.6%
4 $1.8M$2.0M
+12.2%
5+ $2.6M$2.5M
-1.4%

Median Sold Price Compared To Nearby Cities

Los Angeles
+9.5%
Culver City
+5.6%

How many homes are available in Culver City, CA?

Number of Homes For Sale

Oct 2022Nov 2022%
10798-8.4%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 128
-33.3%
2 3537
+5.7%
3 3225
-21.9%
4 1719
+11.8%
5+ 119
-18.2%

Number of Homes Sold

Oct 2022Nov 2022%
27270.0%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Culver City, you may be able to get a good deal. 48.1% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
24 Days32 Days+30.9%

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Culver City are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Culver City, CA

Number of homes for sale in Culver City, CA real estate market have reached 98. The inventory of homes for sale in Culver City, CA between October 2022 and November 2022 decreased by 8.4%. The median list price of listings available in November 2022 was $1,084,200, while the average time on the real estate market was 32 days. Listing prices have changed in this real estate market between October 2022 and November 2022: 1 bedroom properties prices increased by 7.2%, prices of 2 bedrooms properties went up by 9%, the cost of 3 bedrooms properties went up by 12.6%, prices of 4 bedrooms properties increased by 12.2%, 5 bedrooms properties prices decreased by 1.4%. Housing inventory have changed in this real estate market: number of 1 bedroom homes decreased by 33.3%, 2 bedrooms homes became 5.7% more available, volume of 3 bedrooms homes went down by 21.9%, 4 bedrooms homes became 11.8% more available, the quantity of 5 bedrooms homes went down by 18.2%. While more than 13 listings in Culver City, CA in November 2022 were sold above asking price, there were more than 1 listings sold at asking price, and more than 13 were sold below.

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