Is the Culver City Real Estate Market Cooling, Correcting, or Heating Back Up?

Culver City single-family homes are doing two things at once. The typical price has come down from where it was in July, and a lot of homes are still selling in a couple of weeks, often above the last asking price. Mortgage rates climbed from about 6.4% to 7.4% over the same stretch, and that is what has so many owners asking whether to sell, buy, or wait. Here is what the numbers show for Culver City houses over roughly the last three months, and how I would think about it.

The sales numbers come from TheMLS, as of October 27, 2026, for single-family homes in Culver City. The rate numbers come from Freddie Mac’s weekly survey. I am leaving condos out because they move differently. A few sales can move a median, so I read these numbers as a direction, not an exact point.

TheMLS shows 63 single-family homes sold in Culver City over about the last three months. The median sold price was $1,624,000. By month, the median was about $1.68 million in July, about $1.63 million in August, and about $1.54 million in September. From July to September, the median came down roughly 8%.

A median can move because a different mix of homes sold, so I would not hold that 8% as a precise number. I do read it as a real direction. Prices have eased from July. They have not collapsed.

Most of them sold quickly. The typical home sold in 12 days. Seven of the 63 were Compass private listings, which TheMLS shows as zero days on market, so I also looked without them. For the 56 homes that were listed on the MLS, the median was 13 days. By month, the typical MLS-listed home took about 12 days in July, about 24 in August, and about 19 in September.

August and September were slower than July. Speed has not disappeared, but it has loosened.

It depends on how fast the home sold, and that is the clearest thing in the data. I compared each sold price with the home’s last list price, which is the price after any reductions.

• Of the 29 MLS-listed homes that sold within 14 days, 22 sold above their last list price, 2 sold at it, and 5 sold below it.
• Of the 27 that took 15 days or longer, 6 sold above it, 1 sold at it, and 20 sold below it.

Across all 63 sales, 28 sold above their last list price, 10 sold at it, and 25 sold below it. The market is hot for the homes buyers wanted right away, and negotiable for the ones that sat. You can read the same Culver City market as heating up or cooling off and be right both times.

Seven of the 63 sales were Compass private listings, meaning the homes sold without a public listing. Homes that sell off-market can sell for more, because some buyers will pay a premium to avoid competing with other offers. If you are curious how I could market your home privately using Compass Private Exclusives, please reach out.

Condos are a different market, with their own prices and their own pace. This post covers single-family homes only.

Rates are the main reason. Freddie Mac’s weekly survey, as republished by the St. Louis Fed, had the 30-year fixed rate at 6.43% in early July and 6.66% at the end of the month. It reached 7.40% in the surveys of October 8 and October 15, and eased to 7.32% in the survey of October 22. These are national averages, and your own rate depends on your lender.

On a $1,000,000 loan, principal and interest comes to about $6,275 a month at 6.43% and about $6,869 at 7.32%. That is close to $600 more every month for the same loan.

If you own with an older, lower rate, giving it up to buy again is a real cost, and it is the reason many owners are staying put. It deserves a real calculation before you decide, and the answer looks different for every household. I wrote more about it in what mortgage rates mean for Los Angeles sellers.

If you are selling, price matters more than timing. The homes that sold fast and above their last asking price were the ones priced where buyers saw value. The ones that started high sat, and most of them ended up selling below where they last listed. A fair starting price is worth more than waiting for a better month. You can get a real sense of what your home is worth today.

If you are buying, the days on market tell you where you may have room. A home that has sat for a few weeks may have room to negotiate. A home that is a few days old and priced well tends to draw competition. Ask your agent how long a home has been on the market and whether the price has changed before you write an offer.

If you are staying put, that is a fine answer too. We do not have to decide that today. If you are weighing it, here is how I think about selling now or waiting, and if you are also buying your next home, here is how the order of operations can work.

If you want a plain read on what your own home would sell for in this market, you can start with a home valuation. You can also start with a conversation, no pressure, no obligation. Reach out here.

Nicole Strober is a REALTOR® with Compass in Los Angeles, CA (DRE #02001608) helping longtime homeowners, move-up buyers and families plan and make consequential moves across Culver City, Cheviot Hills, Beverlywood, West Adams, Mid-City, Ladera Heights and the San Fernando Valley.

Is the Culver City real estate market cooling down?

Prices for single-family homes have eased from July to September, and August and September were slower than July. Even so, the typical home still sold in about two weeks, and homes that sold fast usually sold above their last list price. It depends on the home.

Are Culver City home prices dropping?

The median sold price for single-family homes was about $1.68 million in July and about $1.54 million in September, a decline of roughly 8%. A median can shift when a different mix of homes sells, so treat it as a direction, not an exact figure.

How long does it take to sell a house in Culver City?

Over the last three months, the typical single-family home sold in 12 days, or 13 days for homes listed on the MLS. Homes that took longer than two weeks were much more likely to sell below their last list price.

Are Culver City homes selling above asking price?

Some are. Of the 63 sales, 28 sold above their last list price, 10 at it, and 25 below it. Homes that sold within 14 days were far more likely to sell above it.

What are mortgage rates doing?

Freddie Mac’s 30-year fixed average rose from about 6.4% in early July to 7.40% in mid-October and was 7.32% in the survey of October 22. Nobody can say where it goes next, so I would plan around the rate you can get today.

Does this apply to condos?

No. This covers single-family homes only. Condos are a different market.