Is Culver City, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$1,272,500
$823/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Culver City was $1,272,500 in April 2024, up 5.3% from last year, and the median price per square foot was $823.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $529.5K | $516K | -2.5% |
2 Bedrooms | $699.9K | $709K | +1.3% |
3 Bedrooms | $1.4M | $1.4M | +1.0% |
4 Bedrooms | $1.9M | $1.9M | -0.8% |
5+ Bedrooms | $1.9M | $2.2M | +20.0% |
Summary: Culver City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.5%, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 1%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 20%.
Median Sold Price Compared To Nearby Cities
Culver City | $1.2M | $1.2M | +5.3% |
Los Angeles | $978.8K | $986.4K | +0.8% |
Housing Supply in Culver City, CA
How many homes are available in Culver City, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
121 | 121 | 0.0% |
Summary: The Culver City real estate market had 121 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 13 | -7.1% |
2 Bedrooms | 40 | 39 | -2.5% |
3 Bedrooms | 33 | 33 | 0.0% |
4 Bedrooms | 20 | 18 | -10.0% |
5+ Bedrooms | 14 | 18 | +28.6% |
Summary: The Culver City housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.1%, 2 bedroom homes decreased by 2.5%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
39 | 29 | -25.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in Culver City in April 2024, down by 25.6% month-over-month. Of the 29 sold homes, 28% were sold under asking, 14% were sold at asking, and 59% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 29 Days | -20.8% |
Summary: Homes in Culver City had an average of 29 days on market in Apr 2024, down by 20.8% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 29 homes were sold in Culver City; 76% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.