Market Report
Culver City, CA
Single-Family Homes
Chartwell Escrow
Culver City, CA
Wed Apr 24 2024
This week the median list price for Culver City, CA is $2,290,000 with the market action index hovering around 50. This is an increase over last month's market action index of 49. Inventory has held steady at or around 23.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.
Real-Time Market Profile
| Median List Price | $2,290,000 | |
| Median Price of New Listings | $1,593,500 | |
| Per Square Foot | $977 | |
| Average Days on Market | 76 | |
| Median Days on Market | 35 | |
| Price Decreased | 30% | |
| Price Increased | 4% | |
| Relisted | 13% | |
| Inventory | 23 | |
| Median Rent | ||
| Market Action | 50 | |
| Strong Seller's Market | ||
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Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $3,200,000 | 2,584 | 6,500 - 8,000 sqft | 4 | 4 | 70 | 1 | 1 | 35 |
| $2,699,500 | 2,886 | 4,500 - 6,500 sqft | 4 | 3.5 | 71 | 0 | 0 | 80 |
| $1,947,500 | 2,127 | 4,500 - 6,500 sqft | 3 | 3 | 72 | 0 | 2 | 70 |
| $1,468,000 | 1,394 | 4,500 - 6,500 sqft | 3 | 2 | 72 | 3 | 1 | 3 |