Homes for sale in Santa Monica 90405

How Much Does it Cost to Buy a Home in Santa Monica ?

Let’s look at the cost to buy a home in Santa Monica over the past year. We will look at the median price of a single family home and condo and compare it to the same period last year. We will break it down by zip code and take a look at the price per square foot.

The median price of 318 single family homes sold in Santa Monica as a whole over the past year is $3.323M with an average price per square foot of $1,379. The median price of 598 condos sold is $1,125M with an average price per square foot of $948.

Since each area of Santa Monica is unique, let’s break down the sales by zip code:

90401

Homes for sale in Santa Monica 90401

7 SF homes sold for a median price of $5.1M with an average price per sq. ft. of $1,750. 28 condos sold for a median price of $1.104M with an average price per sq. ft. of $981.

90402

Homes for sale in Santa Monica 90402

144 SF homes sold for a median price of $4.840M with an average price per sq. ft. of $1,489. 42 condos sold for a median price of $$1,702.

90403

Homes for sale in Santa Monica 90403

33 SF homes sold for a median price of $3.175M with an average price per sq. ft. of $1,325. 232 condos sold for a median price of $1.257M with an average price per sq. ft. of $974.

90404

Homes for =sale in Santa Monica 90404

17 SF homes sold for a median price of $1.670M with an average price per sq. ft. of $1,181. 138 condos sold for a median price of $931.125K with an average price per sq. ft. of $818.

90405


Homes for sale in Santa Monica 90405

121 SF homes sold for a median price of $2.4M with an average price per sq. ft. of $1,278. 158 condos sold for a median price of $1.090M with an average price per sq. ft. of $959.

It is interesting to note that 198 of the total single family home sales, 62%, sold for an average of 3% over asking within 30 days.  336 condos, 56% sold for 2% over asking within 30 days.

Because of consistently low inventory, home prices in Santa Monica continue to rise. The percentage increase of single family homes sold in 2021 as compared to the same period the previous year is 22.5%. For condos it is 5%.

Santa Monica Single Family Home Sales Comparison 2021 over 2020

Santa Monica Condo Sales Comparison 2021 over 2020

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