Kate Bransfield's Market Report

Santa Monica, CA 90402

Single-Family Homes

CalRE #01218699 | Coldwell Banker Realty | 310.395.1133



Santa Monica, CA 90402

Wed Sep 22 2021
This week the median list price for Santa Monica, CA 90402 is $5,687,500 with the market action index hovering around 39. This is less than last month's market action index of 42. Inventory has decreased to 37. 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

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Santa Monica, CA 90402

Wed Sep 22 2021
This week the median list price for Santa Monica, CA 90402 is $5,687,500 with the market action index hovering around 39. This is less than last month's market action index of 42. Inventory has decreased to 37. 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

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Santa Monica market.
Median List Price $5,687,500
Median Price of New Listings $7,350,000
Per Square Foot $1,501
Average Days on Market 122
Median Days on Market 63
Price Decreased 30%
Price Increased 0%
Relisted 5%
Inventory 37
Median Rent $13,250
Market Action 39
Slight Seller's Advantage

Prices in this zip code been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. Watch the Market Action Index for any signs of demand increasing.

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
$15,000,000 8,124 0.25 - 0.5 acre 6 8 15 2 1 77
$7,350,000 4,988 6,500 - 8,000 sqft 5 7 32 1 0 49
$4,500,000 3,380 6,500 - 8,000 sqft 4 4 86 1 1 70
$2,574,500 1,414 0.25 - 0.5 acre 2 2 59 1 1 77