Market Report

Santa Monica, CA 90403

Condos/Townhomes

Chartwell Escrow



Santa Monica, CA 90403

Wed Jan 22 2025
This week the median list price for Santa Monica, CA 90403 is $1,575,000 with the market action index hovering around 40. This is less than last month's market action index of 41. Inventory has decreased to 25. 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

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 90403

Wed Jan 22 2025
This week the median list price for Santa Monica, CA 90403 is $1,575,000 with the market action index hovering around 40. This is less than last month's market action index of 41. Inventory has decreased to 25. 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

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 $1,575,000
Median Price of New Listings $1,647,499
Per Square Foot $1,093
Average Days on Market 165
Median Days on Market 98
Price Decreased 32%
Price Increased 4%
Relisted 16%
Inventory 25
Median Rent
Market Action 40
Slight Seller's Advantage

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move 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
$3,812,500 2,818 8,000 - 10,000 sqft 3 2.8 7 3 1 91
$1,749,450 1,601 0.25 - 0.5 acre 2 2.5 44 2 0 101
$1,444,000 1,267 0.25 - 0.5 acre 2 2 51 1 3 98
$899,000 777 6,500 - 8,000 sqft 1 1 61 2 1 133