Market Report

Santa Monica, CA 90403

Condos/Townhomes

Chartwell Escrow



Santa Monica, CA 90403

Tue Jul 05 2022
This week the median list price for Santa Monica, CA 90403 is $1,429,000 with the market action index hovering around 62. This is less than last month's market action index of 71. 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.

Strong Seller's Market

The market has started cooling and prices have recently plateaued. Since 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 90403

Tue Jul 05 2022
This week the median list price for Santa Monica, CA 90403 is $1,429,000 with the market action index hovering around 62. This is less than last month's market action index of 71. 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.

Strong Seller's Market

The market has started cooling and prices have recently plateaued. Since 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 $1,429,000
Median Price of New Listings $1,299,500
Per Square Foot $1,132
Average Days on Market 55
Median Days on Market 35
Price Decreased 36%
Price Increased 4%
Relisted 4%
Inventory 25
Median Rent
Market Action 62
Strong Seller's Market

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
$2,337,000 1,931 6,500 - 8,000 sqft 3 3 32 0 0 52
$1,972,500 1,614 6,500 - 8,000 sqft 2 3 19 0 2 14
$1,247,000 1,199 6,500 - 8,000 sqft 2 2 40 2 3 24
$829,000 597 8,000 - 10,000 sqft 1 1 54 0 0 56