Is Culver City, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Culver City has remained a Seller's Market.
Housing Prices in Culver City, CA
How much do homes in Culver City, CA cost?
Median Sold Price
$1,271,666
$818/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Culver City was $1,271,666 in March 2024, up 6.4% from last year, and the median price per square foot was $818.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $527.5K | $516K | -2.2% |
2 Bedrooms | $700K | $715.5K | +2.2% |
3 Bedrooms | $1.4M | $1.4M | +2.4% |
4 Bedrooms | $1.9M | $1.8M | -2.6% |
5+ Bedrooms | $1.9M | $2.2M | +18.6% |
Summary: Culver City housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.2%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 18.6%.
Median Sold Price Compared To Nearby Cities
Culver City | $1.1M | $1.2M | +6.4% |
Los Angeles | $988.7K | $975.9K | -1.3% |
Housing Supply in Culver City, CA
How many homes are available in Culver City, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
122 | 128 | +4.9% |
Summary: The Culver City real estate market had 128 homes for sale in March 2024, a 4.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 16 | 17 | +6.3% |
2 Bedrooms | 41 | 40 | -2.4% |
3 Bedrooms | 35 | 34 | -2.9% |
4 Bedrooms | 19 | 21 | +10.5% |
5+ Bedrooms | 11 | 16 | +45.5% |
Summary: The Culver City housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.3%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 45.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
25 | 37 | +48.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in Culver City in March 2024, up by 48.0% month-over-month. Of the 37 sold homes, 41% were sold under asking, 19% were sold at asking, and 41% were sold over asking.
Days on Market for Culver City, CA
How long does it take to sell a home in Culver City, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
49 Days | 31 Days | -37.5% |
Summary: Homes in Culver City had an average of 31 days on market in Mar 2024, down by 37.5% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 37 homes were sold in Culver City; 70% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.