Market Report

Santa Monica, CA

Single-Family Homes

Chartwell Escrow



Santa Monica, CA

Wed May 22 2024
This week the median list price for Santa Monica, CA is $3,707,000 with the market action index hovering around 37. This is an increase over last month's market action index of 35. Inventory has increased 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

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Santa Monica, CA

Wed May 22 2024
This week the median list price for Santa Monica, CA is $3,707,000 with the market action index hovering around 37. This is an increase over last month's market action index of 35. Inventory has increased 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

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Real-Time Market Profile

Never miss important changes in the Santa Monica market.
Median List Price $3,707,000
Median Price of New Listings $4,350,000
Per Square Foot $1,531
Average Days on Market 79
Median Days on Market 42
Price Decreased 26%
Price Increased 0%
Relisted 12%
Inventory 57
Median Rent
Market Action 37
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
$8,249,500 5,818 8,000 - 10,000 sqft 6 6.5 39 2 2 59
$4,622,500 2,785 6,500 - 8,000 sqft 3 4 42 2 1 45
$2,622,000 1,953 6,500 - 8,000 sqft 3 2 78 0 1 24
$1,950,000 1,188 6,500 - 8,000 sqft 2 2 70 3 3 42