Market Report

Santa Monica, CA

Single-Family Homes

Chartwell Escrow | 310.740.1708



Santa Monica, CA

Thu Jan 20 2022
This week the median list price for Santa Monica, CA is $3,500,000 with the market action index hovering around 46. This is an increase over last month's market action index of 45. Inventory has decreased to 29. 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

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 Jan 20 2022
This week the median list price for Santa Monica, CA is $3,500,000 with the market action index hovering around 46. This is an increase over last month's market action index of 45. Inventory has decreased to 29. 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

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 $3,500,000
Median Price of New Listings $4,195,000
Per Square Foot $1,733
Average Days on Market 236
Median Days on Market 112
Price Decreased 14%
Price Increased 3%
Relisted 14%
Inventory 29
Median Rent $6,800
Market Action 46
Strong Seller's Market

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
$12,499,000 6,000 0.25 - 0.5 acre 7 7 32 1 0 112
$5,500,000 3,380 4,500 - 6,500 sqft 4 4 30 2 0 112
$2,799,000 1,716 6,500 - 8,000 sqft 3 2 81 1 1 133
$1,972,000 1,473 4,500 - 6,500 sqft 3 2 72 1 4 115