Kate Bransfield's Market Report

Santa Monica, CA 90402

Single-Family Homes

CalRE #01218699 | Coldwell Banker Realty | 310.395.1133



Santa Monica, CA 90402

Sat Jun 12 2021
This week the median list price for Santa Monica, CA 90402 is $5,844,500 with the market action index hovering around 41. This is less than last month's market action index of 42. Inventory has decreased to 36. 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.

Slight Seller's Advantage

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Santa Monica, CA 90402

Sat Jun 12 2021
This week the median list price for Santa Monica, CA 90402 is $5,844,500 with the market action index hovering around 41. This is less than last month's market action index of 42. Inventory has decreased to 36. 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.

Slight Seller's Advantage

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Santa Monica market.
Median List Price $5,844,500
Median Price of New Listings $5,300,000
Per Square Foot $1,604
Average Days on Market 155
Median Days on Market 70
Price Decreased 28%
Price Increased 0%
Relisted 19%
Inventory 36
Median Rent $15,250
Market Action 41
Slight Seller's Advantage

Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

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
$10,950,000 6,634 0.25 - 0.5 acre 6 7 31 0 0 112
$6,498,000 5,194 8,000 - 10,000 sqft 5 6 32 0 0 126
$4,950,000 3,000 6,500 - 8,000 sqft 4 4 40 1 3 63
$2,350,000 1,254 6,500 - 8,000 sqft 2 2 68 0 0 140