Tracey Velt's Market Report
Santa Monica, CA
Single-Family Homes
HW Wire | Editorial Director | tracey@hwmedia.com | 407-716-0498
Santa Monica, CA
Tue Jul 21 2026
This week the median list price for Santa Monica, CA is $3,372,500 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has increased to 86.
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 been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable.
Real-Time Market Profile
| Median List Price | $3,372,500 | |
| Median Price of New Listings | $2,295,000 | |
| Per Square Foot | $1,648 | |
| Average Days on Market | 104 | |
| Median Days on Market | 56 | |
| Price Decreased | 17% | |
| Price Increased | 0% | |
| Relisted | 17% | |
| Inventory | 86 | |
| Median Rent | ||
| Market Action | 33 | |
| Slight Seller's Advantage | ||
Click for more charts
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 |
|---|---|---|---|---|---|---|---|---|
| $10,472,500 | 5,835 | 8,000 - 10,000 sqft | 5 | 5.8 | 36 | 1 | 1 | 73 |
| $4,650,000 | 2,600 | 8,000 - 10,000 sqft | 3 | 3 | 73 | 2 | 2 | 56 |
| $2,924,500 | 1,809 | 4,500 - 6,500 sqft | 3 | 2 | 87 | 2 | 2 | 66 |
| $35,000 | 1,780 | 4,500 - 6,500 sqft | 3 | 3 | 87 | 4 | 3 | 21 |