Santa Monica, CA Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Santa Monica, CA is $1.82M, down 12.1% year-over-year. Homes sell in an average of 58 days with 203 active listings. The market is currently a leaning buyer's.
$1.82Mmedian sale price
Is Santa Monica a buyer's or seller's market?
Santa Monica, CA is currently a leaning buyer's, based on 4.4 months of supply and homes selling in about 58 days. How we determine this →
Homes sold
46
Last 12 weeks
Days on market
58
Average pace
Active listings
203
4.4 months supply
Sale-to-list
99.7%
Below asking
Santa Monica, CA market data
| Metric | Value |
|---|---|
| Median sale price | $1.82M |
| Median list price | $1.95M |
| Year-over-year price change | -12.1% |
| Average days on market | 58 days |
| Active inventory | 203 listings |
| Months of supply | 4.4 months |
| Sale-to-list price ratio | 99.7% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated weekly
The Santa Monica housing market is currently classified as a leaning buyer's with a median sale price of $1.82M. Prices have fallen 12.1% compared to last year, with homes spending an average of 58 days on market, indicating 4.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Santa Monica
There are currently 203 homes listed for sale in Santa Monica, California. The median listing price is $1.9M.
Active listings
203
Homes on market
Median list price
$1.9M
Avg. days on market
58
Days until sale
New this week
85
Newly listed
Explore nearby cities in CA
Frequently asked questions
What is the average home price in Santa Monica?
The median home sale price in Santa Monica is $1.82M, down 12.1% from last year.
How long do homes stay on market in Santa Monica?
Homes typically spend 58 days on market before going under contract.
Is Santa Monica a buyer's or seller's market?
With 4.4 months of supply, Santa Monica is currently a leaning buyer's.
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