Is Santa Monica, CA 90401 a buyer’s or seller’s market?
Santa Monica is a buyer’s market. With about 54.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Santa Monica housing market right now
In the three months ending August 31, 2026, 0% of homes in Santa Monica, CA 90401 sold above their list price, the typical home went under contract in 112 days and there were 54.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 25%, homes sold more slowly (47 days then) and the median sale price fell 12% to $1,179,490. Overall, Santa Monica is less competitive than a year ago, which gives buyers more room.
Within Los Angeles County, homes here sell more slowly than in 98% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Los Angeles 90057 (100% sold over asking) and Burbank 91502 (86% sold over asking) are even more competitive.
Run the numbers for 90401
Nearby markets
Acton 93510Buyer’s market $366 /sq ftAgoura Hills 91301Balanced $584 /sq ftAlhambra 91801Seller’s market $576 /sq ftAlhambra 91803Seller’s market $620 /sq ft Browse all markets →Towns like Santa Monica nearby
Find towns like Santa Monica in other states →Where Santa Monica is
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Questions about Santa Monica real estate
Is Santa Monica a buyer’s or seller’s market?
A buyer’s market: there were 54.4 months of supply in Santa Monica, CA 90401 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Santa Monica?
The typical home went under contract in 112 days in the latest three months.
Do homes in Santa Monica sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 89.1% of the list price.
What are property taxes in Santa Monica?
About 1.15% of a home’s value a year in Los Angeles County, or roughly $4,600 on a $400,000 home.
What is the median home price in Santa Monica?
The median sale price was $1,179,490 in the three months ending August 31, 2026, about $1,151 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology