Is Santa Monica, CA 90402 a buyer’s or seller’s market?

The Santa Monica housing market right now

In the three months ending August 31, 2026, 21% of homes in Santa Monica, CA 90402 sold above their list price, the typical home went under contract in 65 days and there were 3.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 44 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 24%, homes sold more slowly (61 days then) and the median sale price fell 12% to $4,578,019. 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 83% of the county’s ZIP codes, and sell less often over asking than in 85%. On our competition score, Santa Monica ranks #961 of 1,069 CA ZIP codes with enough sales (score 32 out of 100).

Nearby, buyers who want less competition could look at Mount Baldy 91759 (0% sold over asking) or Glendale 91210 (0% sold over asking), while Los Angeles 90057 (100% sold over asking) and Burbank 91502 (86% sold over asking) are even more competitive.