Market Report

Santa Monica, CA

Single-Family Homes

Chartwell Escrow



Santa Monica, CA

Sat Apr 13 2024
This week the median list price for Santa Monica, CA is $4,195,000 with the market action index hovering around 33. This is less than last month's market action index of 37. Inventory has decreased to 57. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Santa Monica, CA

Sat Apr 13 2024
This week the median list price for Santa Monica, CA is $4,195,000 with the market action index hovering around 33. This is less than last month's market action index of 37. Inventory has decreased to 57. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Santa Monica market.
Median List Price $4,195,000
Median Price of New Listings $2,750,000
Per Square Foot $1,518
Average Days on Market 98
Median Days on Market 42
Price Decreased 25%
Price Increased 0%
Relisted 9%
Inventory 57
Median Rent
Market Action 33
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.

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
$10,595,000 6,004 0.25 - 0.5 acre 6 7 47 1 1 115
$5,495,000 3,310 6,500 - 8,000 sqft 4 4.4 75 2 1 38
$3,497,500 2,480 4,500 - 6,500 sqft 3 3 73 1 2 24
$1,850,000 1,539 6,500 - 8,000 sqft 2 2 70 3 1 42