$5,451 Closing Credit*
$459,000
779 SqFt
1 Bed
•1 Full Bath
Brian Christie, Listing Office: RE/MAX ESTATE PROPERTIES
Is Culver City, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
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.
Housing Prices in Culver City, CA
How much do homes in Culver City, CA cost?
Median Sold Price
$1,245,416
$782/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$52,583(-4.1%)
Key Takeaway
Homes in Culver City have sold for 4.1% less than they did a year ago.
Summary: The median home sold price in Culver City was $1,245,416 in November 2024, down 4.1% from last year, and the median price per square foot was $782.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $530K | $497K | -6.2% |
| 2 Bedrooms | $711K | $694K | -2.4% |
| 3 Bedrooms | $1.4M | $1.4M | -3.5% |
| 4 Bedrooms | $1.9M | $1.9M | +1.7% |
| 5+ Bedrooms | $2.2M | $2.2M | -2.9% |
Summary: Culver City housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.2%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes decreased by 2.9%.
Median Sold Price Compared To Nearby Cities
| Los Angeles | $970.9K | $1.0M | +5.2% |
| Culver City | $1.2M | $1.2M | -4.1% |
Housing Supply in Culver City, CA
How many homes are available in Culver City, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 149 | 139 | -6.7% |
Summary: The Culver City real estate market had 139 homes for sale in November 2024, a 6.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 9 | -43.8% |
| 2 Bedrooms | 35 | 40 | +14.3% |
| 3 Bedrooms | 43 | 35 | -18.6% |
| 4 Bedrooms | 29 | 26 | -10.3% |
| 5+ Bedrooms | 26 | 29 | +11.5% |
Summary: The Culver City housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 43.8%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 18.6%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes increased by 11.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 | 31 | -13.9% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Culver City, you may be able to get a good deal. 48.4% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in Culver City in November 2024, down by 13.9% month-over-month. Of the 31 sold homes, 48% were sold under asking, 16% were sold at asking, and 35% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 40 Days | +93.8% |
Summary: Homes in Culver City had an average of 40 days on market in Nov 2024, up by 93.8% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Culver City are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 31 homes were sold in Culver City; 52% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.