Market Report

Santa Monica, CA 90405

Single-Family Homes

Chartwell Escrow



Santa Monica, CA 90405

Thu Feb 06 2025
This week the median list price for Santa Monica, CA 90405 is $2,590,000 with the market action index hovering around 42. This is an increase over last month's market action index of 38. Inventory has increased to 19. 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

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Santa Monica, CA 90405

Thu Feb 06 2025
This week the median list price for Santa Monica, CA 90405 is $2,590,000 with the market action index hovering around 42. This is an increase over last month's market action index of 38. Inventory has increased to 19. 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

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Real-Time Market Profile

Never miss important changes in the Santa Monica market.
Median List Price $2,590,000
Median Price of New Listings $2,499,000
Per Square Foot $1,388
Average Days on Market 31
Median Days on Market 7
Price Decreased 5%
Price Increased 5%
Relisted 16%
Inventory 19
Median Rent
Market Action 42
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
$3,612,000 2,762 6,500 - 8,000 sqft 5 3.5 65 0 2 10
$2,950,000 2,006 6,500 - 8,000 sqft 3 2 84 1 1 7
$2,450,000 1,830 4,500 - 6,500 sqft 3 2 81 1 0 7
$1,950,000 1,001 4,500 - 6,500 sqft 2 2 85 1 2 42