Market Report

Santa Monica, CA 90404

Condos/Townhomes

Chartwell Escrow



Santa Monica, CA 90404

Sat Mar 02 2024
This week the median list price for Santa Monica, CA 90404 is $1,199,000 with the market action index hovering around 43. This is an increase over last month's market action index of 42. Inventory has increased to 9. 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 remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Santa Monica, CA 90404

Sat Mar 02 2024
This week the median list price for Santa Monica, CA 90404 is $1,199,000 with the market action index hovering around 43. This is an increase over last month's market action index of 42. Inventory has increased to 9. 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 remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Santa Monica market.
Median List Price $1,199,000
Median Price of New Listings $1,500,000
Per Square Foot $908
Average Days on Market 116
Median Days on Market 77
Price Decreased 33%
Price Increased 0%
Relisted 22%
Inventory 9
Median Rent
Market Action 43
Slight Seller'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
$1,647,500 1,588 0.25 - 0.5 acre 1 2.5 19 0 0 52
$1,375,000 1,623 8,000 - 10,000 sqft 2 3 37 1 1 94
$1,037,000 1,146 0 - 4,500 sqft 2 2.5 45 0 0 52
$712,000 722 0.25 - 0.5 acre 1 1 55 0 0 98