Market Report
Santa Monica, CA 90404
Condos/Townhomes
Chartwell Escrow
Santa Monica, CA 90404
Fri May 09 2025
This week the median list price for Santa Monica, CA 90404 is $1,164,000 with the market action index hovering around 31. This is about the same as last month's market action index of 31. Inventory has decreased to 36.
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 begun to heat up in recent weeks. We’re already in a Seller’s market and not surprisingly prices are showing evidence of moving up along with the lower levels of inventory.
Real-Time Market Profile
| Median List Price | $1,164,000 | |
| Median Price of New Listings | $998,789 | |
| Per Square Foot | $933 | |
| Average Days on Market | 62 | |
| Median Days on Market | 53 | |
| Price Decreased | 25% | |
| Price Increased | 0% | |
| Relisted | 25% | |
| Inventory | 36 | |
| Median Rent | ||
| Market Action | 31 | |
| Slight Seller's Advantage | ||
Prices is this zip code this week saw relatively little change from last week. However the market appears to be trying to establish an uptrend. Keep an eye on the Market Action Index to determine if demand will help push prices higher.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,550,000 | 1,602 | 6,500 - 8,000 sqft | 2 | 3 | 18 | 1 | 1 | 35 |
| $1,349,999 | 1,461 | 8,000 - 10,000 sqft | 2 | 2.5 | 33 | 0 | 0 | 77 |
| $998,789 | 1,007 | 0.25 - 0.5 acre | 2 | 2 | 54 | 1 | 2 | 28 |
| $599,000 | 670 | 0.25 - 0.5 acre | 1 | 1 | 56 | 1 | 1 | 49 |