Market Report
Santa Monica, CA 90402
Single-Family Homes
Chartwell Escrow
Santa Monica, CA 90402
Fri May 09 2025
This week the median list price for Santa Monica, CA 90402 is $6,750,000 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has increased to 55.
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 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 | $6,750,000 | |
| Median Price of New Listings | $5,650,000 | |
| Per Square Foot | $1,735 | |
| Average Days on Market | 78 | |
| Median Days on Market | 49 | |
| Price Decreased | 27% | |
| Price Increased | 4% | |
| Relisted | 11% | |
| Inventory | 55 | |
| Median Rent | ||
| Market Action | 35 | |
| Slight Seller's Advantage | ||
In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend in general 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 |
|---|---|---|---|---|---|---|---|---|
| $14,495,000 | 7,322 | 0.25 - 0.5 acre | 5 | 6 | 14 | 2 | 2 | 70 |
| $8,995,000 | 5,228 | 8,000 - 10,000 sqft | 5 | 5.3 | 35 | 3 | 1 | 35 |
| $5,747,500 | 3,188 | 6,500 - 8,000 sqft | 4 | 3 | 73 | 4 | 3 | 31 |
| $3,497,000 | 1,938 | 6,500 - 8,000 sqft | 3 | 2 | 74 | 2 | 1 | 52 |