Kate Bransfield's Market Report

Santa Monica, CA 90405

Single-Family Homes

CalRE #01218699 | Coldwell Banker Realty | 310.395.1133



Santa Monica, CA 90405

Sat Jun 12 2021
This week the median list price for Santa Monica, CA 90405 is $2,749,499 with the market action index hovering around 57. This is less than last month's market action index of 60. Inventory has increased to 16. 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.

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Santa Monica, CA 90405

Sat Jun 12 2021
This week the median list price for Santa Monica, CA 90405 is $2,749,499 with the market action index hovering around 57. This is less than last month's market action index of 60. Inventory has increased to 16. 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.

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Santa Monica market.
Median List Price $2,749,499
Median Price of New Listings $1,999,999
Per Square Foot $1,464
Average Days on Market 70
Median Days on Market 53
Price Decreased 31%
Price Increased 0%
Relisted 13%
Inventory 16
Median Rent $7,500
Market Action 57
Strong Seller's Market

Prices in this zip code are bouncing around near term trough. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.

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
$4,524,500 3,260 4,500 - 6,500 sqft 3 4 11 0 0 101
$3,347,500 2,994 6,500 - 8,000 sqft 4 4 33 0 0 77
$2,287,500 1,745 4,500 - 6,500 sqft 3 2 74 1 1 24
$1,779,500 1,051 6,500 - 8,000 sqft 3 1 91 0 1 7