Housing in Santa Monica, CA

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Redfin — January 2026

Median Sale Price

$1,504,000

Median List Price

$1,599,000

Price Per Sq Ft

$1,107

Days on Market

Active Inventory

182

Months of Supply

7.9

Buyer's market

Zillow Home Value

$1,668,263

ZHVI — January 2026

Zillow Rent Index

$3,567

ZORI — January 2026

Price Trends

Source: Redfin

Sale Price ↓ 15.9%List Price ↓ 21.9%Mar 24 → Jan 26

Market Competitiveness

Source: Redfin

Sold Above List

26.1%

Off Market in 2 Weeks

32.4%

Sale-to-List Ratio

100.8%

Seller's market

Sold Above Asking

26.1%

Under Contract in 2 Wks

32.4%

Listings with Price Drops

13.7%

Market Activity

Source: Redfin

Homes Sold

New Listings

Pending Sales

Homes Sold ↓ 42.5%New Listings ↑ 26.6%Pending ↓ 31.5%Mar 24 → Jan 26

Price Per Square Foot

Source: Redfin

Median Sale $/SF

$1,107

Median List $/SF

$1,096

Sale $/SF ↓ 0.6%List $/SF ↑ 0.7%Mar 24 → Jan 26

Santa Monica vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with 50,000 - 100,000 residents. Santa Monica is highlighted.

Median Home Value

99th%ilemost expensive$1,810,200show rank

Median Rent

96th%ilemost expensive rent$2,338show rank

Median Price Per Sq Ft

99th%ilemost expensive $/sqft$1,107show rank

Rent Burden

86th%ilehighest rent burden25.6%show rank

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$1,810,200

Median Rent

$2,338

Total Housing Units

52,381

Vacancy Rate

11.3%

Owner Occupied

28.8%

Renter Occupied

71.2%

Median Property Tax

$10,001

per year

Monthly Cost (w/ Mortgage)

$3,498

Housing Types

Single Family

22.6%

Multi-Family

77.3%

Mobile Home

0.2%

The current median sale price in Santa Monica, CA is $1,504,000 according to Redfin data. Homes spend a median of 88 days on the market. 26.1% of homes sold above asking price. The market has 7.9 months of supply. The median price per square foot is $1,107. Zillow's observed rent index is $3,567/month. About 28.8% of housing units are owner-occupied. The median year homes were built is 1967. There are 52,381 total housing units.