Market Report

Santa Monica, CA

Condos/Townhomes

Chartwell Escrow



Santa Monica, CA

Wed Feb 21 2024
This week the median list price for Santa Monica, CA is $1,795,000 with the market action index hovering around 36. This is an increase over last month's market action index of 35. Inventory has increased to 87. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Santa Monica, CA

Wed Feb 21 2024
This week the median list price for Santa Monica, CA is $1,795,000 with the market action index hovering around 36. This is an increase over last month's market action index of 35. Inventory has increased to 87. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Santa Monica market.
Median List Price $1,795,000
Median Price of New Listings $1,749,000
Per Square Foot $1,235
Average Days on Market 129
Median Days on Market 84
Price Decreased 20%
Price Increased 1%
Relisted 23%
Inventory 87
Median Rent
Market Action 36
Slight Seller's Advantage

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$3,695,000 2,200 0.5 - 1 acre 3 3 27 1 2 133
$2,197,000 1,554 0.5 - 1 acre 2 3 42 1 0 91
$1,360,000 1,340 0.25 - 0.5 acre 2 2 51 2 2 84
$885,000 882 0.25 - 0.5 acre 1 1 54 1 4 66