Santa Monica Housing Market Report – June 2026
Here's a look at how the Santa Monica, CA real estate market performed in June 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 73
- Median Sale Price: $1,600,000
- Average Sale Price: $2,723,993
- Average Price Per Sq Ft: $1,157
- Average Days on Market: 74
- Sale-to-List Price Ratio: 98.0%
Month-Over-Month Trends
Compared to May, the median sale price in Santa Monica moved 17.9% down (from $1,950,000 to $1,600,000). The number of homes sold was 1.4% up compared to the prior month (72 vs. 73). Average days on market shifted 2.6% down (76 days to 74 days).
Year-Over-Year Comparison
Compared to June 2025, the median sale price is 24.8% down (from $2,127,500 to $1,600,000). Sales volume is 4.3% up year-over-year.
What This Means
Santa Monica's real estate market is showing clear signs of cooling as we head into summer 2026. The median sale price has dropped nearly 25 percent year-over-year, falling from $2.1 million to $1.6 million, which suggests buyers have gained meaningful negotiating power after a prolonged period of seller dominance. While the sale-to-list ratio of 98 percent indicates homes are still selling close to asking price, the underlying trend is unmistakable: sellers are adjusting expectations downward.
What's particularly telling is the disconnect between sold prices and active listings. The 403 homes currently on the market are asking a median of $2.1 million, yet the homes that actually sold went for $1.6 million. This gap suggests many sellers haven't yet accepted the new market reality and may face lengthy holding periods. Average days on market has ticked down slightly to 74 days, but the 403 active listings with an 84-day average DOM indicates inventory is moving more slowly overall.
The condo-heavy composition of recent sales—48 percent of the mix—also reflects broader market dynamics, as condos tend to be more affordable entry points during corrections. For buyers, this cooling presents opportunity; for sellers banking on peak pandemic valuations, it's a reality check that the Santa Monica market has fundamentally shifted.
Santa Monica Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 90405 | 26 | $1,937,500 | $1,089 | 77 |
| 90403 | 18 | $1,499,000 | $981 | 84 |
| 90402 | 16 | $5,025,000 | $1,679 | 56 |
| 90404 | 13 | $1,070,000 | $828 | 73 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| CONDOS | 35 | $1,100,000 | $983 |
| SINGLE_FAMILY | 18 | $3,647,000 | $1,563 |
| MULTI_FAMILY | 8 | $2,269,500 | $824 |
| TOWNHOMES | 6 | $1,212,500 | $899 |
| CONDO | 5 | $2,450,000 | $1,614 |
| LAND | 1 | $2,318,000 | N/A |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $400K - $499K | 1 |
| $500K - $749K | 5 |
| $750K+ | 67 |
Current Active Listings
As of this report, there are 403 active listings in Santa Monica with a median asking price of $2,119,000 and an average of 84 days on market.
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