Santa Monica, CA 90401 Real Estate Market Report

ZIP Code: 90401
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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.

Liquidity metrics unavailable due to insufficient data quality.

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Santa Monica are 6.37%, which is 0.5% higher than the 5.87% average observed for typical loans in this area during February 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price is not available in the provided dataset, so a representative recent transaction-level market value cannot be directly reported; this absence likely reflects an insufficient number of closed sales in the analyzed sample rather than a market omission.

2. The price year-over-year trend is down, which, combined with a market temperature described as neutral, suggests pricing pressure with balanced-to-cooling market dynamics where sellers may need to be flexible on offers.

3. The sample indicates elevated inventory relative to sales, which may indicate slower sales velocity and increased negotiation room for buyers; expect moderate transaction volume rather than rapid turnover.

4. The median market rent is $3,392 and the rent year-over-year trend is down; concurrently, interest rate pressure is elevated with current 30-year fixed mortgage rates at 6.37% versus a 5.87% local average observed in February 2026, a dynamic that may further temper buyer demand and pricing receptivity.

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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.

Santa Monica, CA 90401 Real Estate Market Report

ZIP Code: 90401
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Santa Monica are 6.37%, which is 0.5% higher than the 5.87% average observed for typical loans in this area during February 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The primary market-value signal is the median sold price: $1,050,000, which represents the most reliable indicator of recent transaction activity and suggests pricing is under mild downward pressure; price momentum is soft and sellers should be prepared for negotiated outcomes.

2. Market velocity is slow based on the median days on market: 244, consistent with longer selling timelines and pricing friction; this slower turnover suggests liquidity is reduced and buyers can be more selective when offers are submitted.

3. Price intensity remains high on a per-area basis with the median price per square foot: $908, indicating that while transaction frequency is lower, per-unit valuations remain elevated for local product; representative recent sale pricing should guide comparable selection rather than asking prices.

4. External market forces are headwinds: interest rate pressure: elevated and current financing costs (Current 30-year fixed mortgage rates in Santa Monica are 6.37%, which is 0.5% higher than the 5.87% average observed for typical loans in this area during February 2026) are likely suppressing demand, while rent year-over-year trend: down and price year-over-year trend: down reinforce a neutral-to-cooling market tone; down

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Notable Properties

The following 8 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.