Market Report

Santa Monica, CA 90403

Condos/Townhomes

Chartwell Escrow



Santa Monica, CA 90403

Sun Apr 14 2024
This week the median list price for Santa Monica, CA 90403 is $1,765,750 with the market action index hovering around 42. This is an increase over last month's market action index of 38. Inventory has decreased to 26. 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 90403

Sun Apr 14 2024
This week the median list price for Santa Monica, CA 90403 is $1,765,750 with the market action index hovering around 42. This is an increase over last month's market action index of 38. Inventory has decreased to 26. 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 $1,765,750
Median Price of New Listings $1,174,000
Per Square Foot $1,162
Average Days on Market 117
Median Days on Market 60
Price Decreased 38%
Price Increased 0%
Relisted 19%
Inventory 26
Median Rent
Market Action 42
Slight Seller's Advantage

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift 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
$3,552,500 2,421 0.25 - 0.5 acre 2 3 15 0 1 73
$2,187,000 1,737 0.25 - 0.5 acre 3 3 43 0 2 52
$1,695,000 1,266 0.25 - 0.5 acre 2 2 44 0 1 84
$836,000 1,032 6,500 - 8,000 sqft 2 2 55 2 4 56