Kate Bransfield's Market Report

Santa Monica, CA 90403

Single-Family Homes

CalRE #01218699 | Coldwell Banker Realty | 310.395.1133



Santa Monica, CA 90403

Wed Sep 22 2021
This week the median list price for Santa Monica, CA 90403 is $10,725,000 with the market action index hovering around 49. This is less than last month's market action index of 58. Inventory has held steady at or around 4. Click here to stay informed with the Santa Monica 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.

Santa Monica, CA 90403

Wed Sep 22 2021
This week the median list price for Santa Monica, CA 90403 is $10,725,000 with the market action index hovering around 49. This is less than last month's market action index of 58. Inventory has held steady at or around 4. Click here to stay informed with the Santa Monica 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 Santa Monica market.
Median List Price $10,725,000
Median Price of New Listings $0
Per Square Foot $1,742
Average Days on Market 135
Median Days on Market 84
Price Decreased 0%
Price Increased 25%
Relisted 0%
Inventory 4
Median Rent $7,950
Market Action 49
Strong Seller's Market

The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

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
$12,995,000 7,587 4,500 - 6,500 sqft 7 9 92 0 0 112
$11,500,000 6,485 8,000 - 10,000 sqft 7 6 93 0 0 329
$9,950,000 7,077 0.25 - 0.5 acre 5 7 4 0 0 56
$2,595,000 1,450 4,500 - 6,500 sqft 3 2 92 0 0 42