Tracey Velt's Market Report
Santa Monica, CA
Single-Family Homes
HW Wire | Editorial Director | tracey@hwmedia.com | 407-716-0498
Santa Monica, CA
Thu Apr 03 2025
This week the median list price for Santa Monica, CA is $4,995,000 with the market action index hovering around 39. This is less than last month's market action index of 42. Inventory has increased to 79.
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 not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Real-Time Market Profile
| Median List Price | $4,995,000 | |
| Median Price of New Listings | $4,612,000 | |
| Per Square Foot | $1,714 | |
| Average Days on Market | 86 | |
| Median Days on Market | 42 | |
| Price Decreased | 25% | |
| Price Increased | 3% | |
| Relisted | 15% | |
| Inventory | 79 | |
| Median Rent | ||
| Market Action | 39 | |
| 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 |
|---|---|---|---|---|---|---|---|---|
| $13,995,000 | 6,800 | 8,000 - 10,000 sqft | 5 | 5 | 13 | 1 | 1 | 56 |
| $6,722,000 | 4,051 | 8,000 - 10,000 sqft | 4 | 4.5 | 40 | 3 | 0 | 49 |
| $3,819,444 | 2,200 | 4,500 - 6,500 sqft | 3 | 2.8 | 80 | 3 | 1 | 28 |
| $1,778,500 | 1,275 | 4,500 - 6,500 sqft | 3 | 2 | 79 | 3 | 1 | 38 |