Justin Tye

Santa Monica, CA

Single-Family Homes

Active Realty I REAL



Santa Monica, CA

Thu Jun 20 2024
This week the median list price for Santa Monica, CA is $3,891,944 with the market action index hovering around 41. This is an increase over last month's market action index of 39. Inventory has increased to 60. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Santa Monica, CA

Thu Jun 20 2024
This week the median list price for Santa Monica, CA is $3,891,944 with the market action index hovering around 41. This is an increase over last month's market action index of 39. Inventory has increased to 60. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Santa Monica market.
Median List Price $3,891,944
Median Price of New Listings $4,446,500
Per Square Foot $1,478
Average Days on Market 98
Median Days on Market 56
Price Decreased 40%
Price Increased 2%
Relisted 18%
Inventory 60
Median Rent
Market Action 41
Slight Seller's Advantage

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.

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
$9,495,000 6,008 0.25 - 0.5 acre 6 7 53 0 1 84
$4,995,000 3,325 6,500 - 8,000 sqft 4 4 41 3 3 77
$2,595,000 1,952 6,500 - 8,000 sqft 3 2 76 3 3 35
$1,595,000 1,019 1 - 2.5 acres 2 2 53 0 1 49