Is Santa Monica, CA 90405 a buyer’s or seller’s market?

The Santa Monica housing market right now

In the three months ending August 31, 2026, 36% of homes in Santa Monica, CA 90405 sold above their list price, the typical home went under contract in 46 days and there were 3.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 64 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 30%, homes sold faster (55 days then) and the median sale price rose 13% to $2,023,624. Overall, Santa Monica is more competitive than a year ago, so tougher for buyers.

Within Los Angeles County, homes here sell faster than in 57% of the county’s ZIP codes, and sell less often over asking than in 53%. On our competition score, Santa Monica ranks #477 of 1,069 CA ZIP codes with enough sales (score 65 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.