Santa Monica, CA 90405 Real Estate Market Report
ZIP Code: 90405
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.
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.
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.
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.
Property Taxes
Liquidity & Velocity
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.
Key Findings
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The most reliable indicator of current market value is the median sold price of $2,199,000, which reflects recent transaction activity and suggests pricing nearer to buyer-accepted levels than listing asks.
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Despite a higher median listing price of $2,287,750, recent sales centered on the median sold price of $2,199,000 indicate pricing friction between seller expectations and completed transactions, suggesting sellers may need to align asks with recent sale levels.
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Liquidity appears muted with a median days on market of 337, which points to slower sales velocity and suggests sellers should anticipate longer marketing periods and consider targeted concessions or staged pricing strategies to accelerate transactions.
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Market context shows prices are trending down (price year-over-year trend: down) while market temperature is neutral, and borrowing conditions face elevated interest rate pressure; these combined signals imply caution for leveraged buyers and recommend stress-testing affordability for typical buyers in this ZIP.
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.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold at market average
Sold at market average
Sold above market average
Sold below market average
Sold at market average
Sold above market average
Santa Monica, CA 90405 Real Estate Market Report
ZIP Code: 90405
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.
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.
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.
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.
Property Taxes
Liquidity & Velocity
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.
Key Findings
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median sold price $1,250,000 is the primary indicator of current market value; it suggests recent transaction levels anchor pricing around this amount and represents a representative recent sale for the area.
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median days on market 365 signals materially slower sales velocity and pricing friction versus typical market turnover, which may indicate that sellers need more time to achieve contracts at prevailing price levels.
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median price per square foot $1,030 combined with a median listing price $1,249,000 points to close alignment between asking and achieved values in the sample, though the broader price year-over-year trend is down, suggesting downward pressure on nominal values.
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Market context shows a neutral market temperature, elevated interest rate pressure, and rent year-over-year trend down; together these signals suggest balanced transactional conditions but with downside risk to near-term appreciation and softer rental demand, while inventory in the analyzed sample appears relatively constrained which may support isolated price stability.
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.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold at market average
Sold at market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.5% rate, 0.6% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 5/1/2026
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