Nicole Costas' Market Report

Santa Monica, CA

Single-Family Homes

DRE #01049913 | 323-630-6976 |nicole.costas@compass.com



Santa Monica, CA

Sun Feb 09 2025
This week the median list price for Santa Monica, CA is $4,087,000 with the market action index hovering around 36. This is an increase over last month's market action index of 32. Inventory has increased to 64. 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

Market Narrative

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Santa Monica, CA

Sun Feb 09 2025
This week the median list price for Santa Monica, CA is $4,087,000 with the market action index hovering around 36. This is an increase over last month's market action index of 32. Inventory has increased to 64. 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

Market Narrative

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Santa Monica market.
Median List Price $4,087,000
Median Price of New Listings $5,995,000
Per Square Foot $1,568
Average Days on Market 90
Median Days on Market 32
Price Decreased 19%
Price Increased 3%
Relisted 19%
Inventory 64
Median Rent
Market Action 36
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$12,496,500 6,580 8,000 - 10,000 sqft 5 5.5 13 5 4 7
$5,450,000 3,710 8,000 - 10,000 sqft 4 4 36 4 2 80
$3,072,500 2,032 6,500 - 8,000 sqft 3 2 81 2 2 7
$1,722,500 1,232 4,500 - 6,500 sqft 2 2 81 1 2 101