Kate Bransfield's Market Report
Santa Monica, CA 90402
Single-Family Homes
CalRE #01218699 | Coldwell Banker Realty | 310.395.1133
Santa Monica, CA 90402
Thu Apr 25 2024
This week the median list price for Santa Monica, CA 90402 is $5,649,000 with the market action index hovering around 28. This is about the same as last month's market action index of 28. Inventory has decreased to 31.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.
Real-Time Market Profile
| Median List Price | $5,649,000 | |
| Median Price of New Listings | $6,349,000 | |
| Per Square Foot | $1,518 | |
| Average Days on Market | 143 | |
| Median Days on Market | 98 | |
| Price Decreased | 32% | |
| Price Increased | 0% | |
| Relisted | 10% | |
| Inventory | 31 | |
| Median Rent | ||
| Market Action | 28 | |
| Slight Buyer's Advantage | ||
We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.
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 |
|---|---|---|---|---|---|---|---|---|
| $12,195,000 | 6,008 | 0.5 - 1 acre | 6 | 7 | 72 | 0 | 1 | 105 |
| $6,249,500 | 4,182 | 6,500 - 8,000 sqft | 5 | 5.5 | 38 | 2 | 1 | 182 |
| $5,145,000 | 2,970 | 4,500 - 6,500 sqft | 4 | 4 | 69 | 1 | 0 | 91 |
| $2,000,000 | 1,399 | 1 - 2.5 acres | 2 | 2 | 53 | 0 | 0 | 70 |