Santa Monica, CA Housing Market
Median List Price
$1,495,000
Updated August 2026
Today, Santa Monica has 225 homes for sale at a median list price of $1,495,000, typically selling in about 52 days.
Santa Monica Market Analysis
Buyers in Santa Monica, CA are looking at a median list price of $1.5M. Per square foot, the median stands at $1,063. Since February, the median price has moved up about 5.1% to $2M as of July.
It takes about 23 days for the typical home here to go under contract. Santa Monica, CA has 225 active listings on the market right now. 77 new listings came on the market in the last 30 days.
Pricing spreads from a $735,000 median for one bedroom homes to $17.5M for seven bedroom homes. Most of what is for sale here is condos, about 67.1% of the mix, with single family homes accounting for another 27.6%. The area spans the 90403, 90405, 90402, 90404, and 90401 ZIP codes.
Santa Monica Rental Market
Renters in Santa Monica, CA are looking at a median asking rent of $5,000. Since February, the median rent has moved down about 8.2% to $4,500 as of July. Santa Monica, CA has 230 active rental listings on the market right now.
Santa Monica Market Pulse
Topfind Market Read
The picture is mixed here. Sales volume is up 40% versus six months ago, yet sale prices have eased 4% over the last six months and are 3% below a year ago, and 32% of sellers have trimmed their asking price, so neither side holds a clear advantage. Realistic pricing wins for sellers, and patient, prepared buyers can secure fair terms.
Median Home Price
$1.50M
↓ 3% over the past yearChart shows the median closed sale price by month
Months of Supply
Estimated time to sell all listings at the current sales pace
5.1 months of supply
Balanced Supply225 active listings currently on the market.
What this means for buyers
Supply and demand are roughly in step, with a steady flow of options and no glut. Listings typically sell in ~52 days.
Sales Velocity
How fast homes are selling
Homes take longer to sell here than in a balanced market, so buyers have more time to negotiate and explore options. The trend is moving the other way though, with selling times down 32% over the last six months.
Inventory Distribution
A solid share of current listings is under 30 days old, while a meaningful share has been up longer.
About 51% of current listings are under 30 days old, while the rest have been up longer.
Housing Tenure in Santa Monica
Renting is more common here than statewide, so this market has more rental inventory and shorter-term residents.
29%
Homeowners
71%
Renters
Homeownership is 26.5 points lower than the California average (55.5%)
46,457 households (2023)
Median Price by Bedroom
Larger homes command significantly higher prices, with sharp increases beyond 3 bedrooms.
Each additional bedroom adds about $1.4M in value on average, with larger homes seeing bigger price jumps.
Largest increase: 3 → 4 bedrooms (+$2.8M)
Price Reductions
72 listings have reduced their price
32% of active listings
Average reduction: 6.9% (~$103K)
Browse Santa Monica Listings
Frequently Asked Questions about the Santa Monica, CA Housing Market
What is the median home price in Santa Monica, CA?
The median list price in Santa Monica is $1,495,000 as of August 2026, based on 225 active listings.
Is Santa Monica a buyer's market or a seller's market?
Santa Monica currently reads as a balanced market. Active inventory works out to about 5.1 months of supply at the recent sales pace.
How fast do homes sell in Santa Monica?
Homes that closed in the last 90 days typically went under contract in about 23 days. The average home currently for sale has been on the market for 52 days.
Are home prices in Santa Monica going up or down?
The median sale price in Santa Monica is down about 2.9% compared with a year ago.
How many homes are for sale in Santa Monica, CA?
There are 225 homes for sale in Santa Monica right now, including 18 listed within the last week.
What is the median rent in Santa Monica?
The median asking rent in Santa Monica is $5,000 per month, across 230 active rental listings.