Santa Monica, CA 90401 Real Estate Market Report

ZIP Code: 90401
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The Santa Monica housing market shows a neutral market temperature, with stability reflected in the median sold price. Although specific historical sold price change data is unavailable, the market has experienced an up trend in prices year-over-year, indicating a potential for appreciation. The median days on market stands at 209 days, suggesting a slower sales velocity and allowing buyers to negotiate more effectively. Elevated inventory levels are present, as indicated by the relationship between active listings and sales activity, which may contribute to a balanced environment for buyers and sellers alike.

In contrast, the rental market is experiencing a downturn, with the median market rent reported at $4,160, reflecting a down trend year-over-year. This decline in rental prices may signal a shift in demand dynamics, potentially affecting investor sentiment in the area. Overall, while the housing market remains stable with slight appreciation, the rental sector's challenges could influence broader market conditions moving forward.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. The median sold price reflects a stable market, with prices trending up year-over-year, indicating potential appreciation.

2. The median days on market of 209 days suggests a slower sales velocity, providing buyers with increased negotiation power.

3. Elevated inventory levels indicate excess supply relative to sales activity, contributing to a balanced market environment.

4. The median market rent of $4,160 is experiencing a down trend year-over-year, signaling potential challenges in the rental market.

5. Overall market temperature remains neutral, suggesting a balanced environment for both buyers and sellers.

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Notable Properties

The following 1 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.