Market Report

Santa Monica, CA 90404

Condos/Townhomes

Chartwell Escrow



Santa Monica, CA 90404

Thu Sep 19 2024
This week the median list price for Santa Monica, CA 90404 is $1,012,499 with the market action index hovering around 39. This is less than last month's market action index of 41. Inventory has increased to 24. 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

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. 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

Thu Sep 19 2024
This week the median list price for Santa Monica, CA 90404 is $1,012,499 with the market action index hovering around 39. This is less than last month's market action index of 41. Inventory has increased to 24. 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

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. 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 $1,012,499
Median Price of New Listings $1,190,000
Per Square Foot $921
Average Days on Market 51
Median Days on Market 35
Price Decreased 33%
Price Increased 0%
Relisted 13%
Inventory 24
Median Rent
Market Action 39
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
$1,699,000 1,656 8,000 - 10,000 sqft 3 2.8 33 2 1 31
$1,194,000 1,386 0.25 - 0.5 acre 3 2 50 2 0 77
$867,000 952 8,000 - 10,000 sqft 2 2 52 0 0 38
$594,499 622 0.25 - 0.5 acre 1 1 69 1 1 28