Market Report

Santa Monica, CA

Single-Family Homes

Chartwell Escrow



Santa Monica, CA

Sun May 29 2022
This week the median list price for Santa Monica, CA is $4,295,000 with the market action index hovering around 52. This is an increase over last month's market action index of 50. Inventory has increased to 41. 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

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Santa Monica, CA

Sun May 29 2022
This week the median list price for Santa Monica, CA is $4,295,000 with the market action index hovering around 52. This is an increase over last month's market action index of 50. Inventory has increased to 41. 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

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Santa Monica market.
Median List Price $4,295,000
Median Price of New Listings $3,149,000
Per Square Foot $1,742
Average Days on Market 161
Median Days on Market 42
Price Decreased 32%
Price Increased 2%
Relisted 5%
Inventory 41
Median Rent
Market Action 52
Strong Seller's Market

This week saw relatively little price change from last week. However, prices continue to demonstrate a nice up trend over the last several weeks.

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
$12,997,000 6,225 0.5 - 1 acre 7 8 80 2 1 94
$6,097,494 3,115 6,500 - 8,000 sqft 4 4 27 3 1 21
$2,974,000 2,001 6,500 - 8,000 sqft 3 3 67 1 0 42
$2,175,000 1,626 4,500 - 6,500 sqft 3 2 83 5 0 35