Market Report

Santa Monica, CA

Condos/Townhomes

Chartwell Escrow



Santa Monica, CA

Fri May 09 2025
This week the median list price for Santa Monica, CA is $1,337,499 with the market action index hovering around 34. This is less than last month's market action index of 36. Inventory has held steady at or around 150. 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

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Santa Monica, CA

Fri May 09 2025
This week the median list price for Santa Monica, CA is $1,337,499 with the market action index hovering around 34. This is less than last month's market action index of 36. Inventory has held steady at or around 150. 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

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Santa Monica market.
Median List Price $1,337,499
Median Price of New Listings $998,789
Per Square Foot $1,049
Average Days on Market 75
Median Days on Market 49
Price Decreased 31%
Price Increased 0%
Relisted 17%
Inventory 150
Median Rent
Market Action 34
Slight Seller's Advantage

The market seems to have paused around this plateau. 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
$2,750,000 1,772 0.5 - 1 acre 2 2.5 31 3 5 42
$1,500,000 1,471 0.25 - 0.5 acre 2 2 45 3 2 56
$1,097,000 1,016 0.25 - 0.5 acre 2 2 54 4 6 56
$724,500 740 0.25 - 0.5 acre 1 1 56 5 5 49