Kate Bransfield's Market Report

Santa Monica, CA 90404

Single-Family Homes

CalRE #01218699 | Coldwell Banker Realty | 310.395.1133



Santa Monica, CA 90404

Wed Sep 22 2021
This week the median list price for Santa Monica, CA 90404 is $1,750,000 with the market action index hovering around 31. This is less than last month's market action index of 32. Inventory has increased to 11. 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 a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Santa Monica, CA 90404

Wed Sep 22 2021
This week the median list price for Santa Monica, CA 90404 is $1,750,000 with the market action index hovering around 31. This is less than last month's market action index of 32. Inventory has increased to 11. 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 a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Santa Monica market.
Median List Price $1,750,000
Median Price of New Listings $1,950,000
Per Square Foot $1,326
Average Days on Market 198
Median Days on Market 63
Price Decreased 9%
Price Increased 0%
Relisted 0%
Inventory 11
Median Rent $4,875
Market Action 31
Slight Seller's Advantage

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$2,772,500 3,439 6,500 - 8,000 sqft 5 5 36 0 0 493
$2,150,000 1,360 4,500 - 6,500 sqft 3 2 74 1 2 28
$1,495,000 1,213 4,500 - 6,500 sqft 2 1 70 1 0 14
$650,000 490 6,500 - 8,000 sqft 1 1 65 0 0 63