Justin Tye

Culver City, CA

Single-Family Homes

Active Realty I REAL



Culver City, CA

Wed Dec 11 2024
This week the median list price for Culver City, CA is $1,824,999 with the market action index hovering around 35. This is less than last month's market action index of 39. Inventory has decreased to 42. Click here to stay informed with the Culver City market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Culver City, CA

Wed Dec 11 2024
This week the median list price for Culver City, CA is $1,824,999 with the market action index hovering around 35. This is less than last month's market action index of 39. Inventory has decreased to 42. Click here to stay informed with the Culver City market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Culver City market.
Median List Price $1,824,999
Median Price of New Listings $1,687,000
Per Square Foot $983
Average Days on Market 111
Median Days on Market 81
Price Decreased 55%
Price Increased 2%
Relisted 24%
Inventory 42
Median Rent
Market Action 35
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$2,692,500 3,244 4,500 - 6,500 sqft 5 4 70 1 0 70
$2,022,000 1,938 4,500 - 6,500 sqft 4 3 71 1 1 59
$1,695,000 1,989 4,500 - 6,500 sqft 3 2 77 0 0 140
$1,299,000 1,108 4,500 - 6,500 sqft 3 2 72 2 0 98