Market Report

Santa Monica, CA 90401

Condos/Townhomes

Chartwell Escrow | 310.740.1708



Santa Monica, CA 90401

Thu Jan 20 2022
This week the median list price for Santa Monica, CA 90401 is $1,447,499 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has held steady at or around 10. 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

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Santa Monica, CA 90401

Thu Jan 20 2022
This week the median list price for Santa Monica, CA 90401 is $1,447,499 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has held steady at or around 10. 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

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Real-Time Market Profile

Never miss important changes in the Santa Monica market.
Median List Price $1,447,499
Median Price of New Listings $2,289,888
Per Square Foot $1,138
Average Days on Market 116
Median Days on Market 105
Price Decreased 60%
Price Increased 0%
Relisted 20%
Inventory 10
Median Rent $3,812
Market Action 33
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
$2,119,944 1,531 - 2 2 NaN 1 1 52
$1,867,499 1,622 6,500 - 8,000 sqft 2 2.5 NaN 0 0 105
$1,395,000 1,165 6,500 - 8,000 sqft 1 2 NaN 0 0 105
$860,000 990 0 - 4,500 sqft 1 1 64 0 0 126