Justin Tye

Culver City, CA

Single-Family Homes

Active Realty I REAL



Culver City, CA

Sun May 26 2024
This week the median list price for Culver City, CA is $1,999,000 with the market action index hovering around 48. This is less than last month's market action index of 51. Inventory has increased to 27. 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.

Strong Seller's Market

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Culver City, CA

Sun May 26 2024
This week the median list price for Culver City, CA is $1,999,000 with the market action index hovering around 48. This is less than last month's market action index of 51. Inventory has increased to 27. 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.

Strong Seller's Market

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Culver City market.
Median List Price $1,999,000
Median Price of New Listings $1,495,000
Per Square Foot $929
Average Days on Market 69
Median Days on Market 42
Price Decreased 41%
Price Increased 0%
Relisted 15%
Inventory 27
Median Rent
Market Action 48
Strong Seller's Market

This week saw relatively little price change from last week. However, prices continue to demonstrate a nice up trend over the last several weeks.

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
$3,124,999 3,432 6,500 - 8,000 sqft 5 5 25 0 0 52
$2,299,000 2,144 4,500 - 6,500 sqft 4 3 84 2 0 56
$1,799,000 1,995 6,500 - 8,000 sqft 4 3 74 1 1 63
$1,398,000 1,200 4,500 - 6,500 sqft 3 2 72 4 2 7