Santa Monica Housing Market Report – March 2026
Here's a look at how the Santa Monica, CA real estate market performed in March 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 48
- Median Sale Price: $1,642,500
- Average Sale Price: $2,079,480
- Average Price Per Sq Ft: $1,156
- Average Days on Market: 91
- Sale-to-List Price Ratio: 99.0%
Month-Over-Month Trends
Compared to February, the median sale price in Santa Monica moved 10.0% down (from $1,825,000 to $1,642,500). The number of homes sold was 6.7% up compared to the prior month (45 vs. 48). Average days on market shifted 19.7% up (76 days to 91 days).
Year-Over-Year Comparison
Compared to March 2025, the median sale price is 26.9% down (from $2,247,500 to $1,642,500). Sales volume is 29.4% down year-over-year.
What This Means
Santa Monica's housing market is showing signs of cooling as we head into spring. The median price dropped 10 percent month-over-month to $1.64 million, and year-over-year we're down nearly 27 percent from March 2025. While sales volume did tick up slightly this month, that's coming off a weak baseline—we're still selling nearly 30 percent fewer homes than a year ago. The real story here is that buyers are taking their time: homes are now sitting on the market for an average of 91 days, up from 76 days last month. That's a meaningful shift in what used to be one of California's fastest-moving coastal markets.
The silver lining is that the 99 percent sale-to-list ratio suggests we haven't hit a fire-sale environment yet. Sellers are still getting close to asking price, which means the market hasn't swung entirely in buyers' favor. However, with 327 active listings on the market—a substantial supply—and condos representing the bulk of sales, Santa Monica is definitely favoring patient shoppers right now. Expect this inventory-heavy environment to persist through spring unless we see a significant shift in interest rates or regional demand.
Santa Monica Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 90403 | 13 | $1,625,000 | $1,116 | 60 |
| 90404 | 12 | $1,025,000 | $845 | 75 |
| 90402 | 11 | $2,750,000 | $1,689 | 117 |
| 90405 | 10 | $1,837,500 | $1,076 | 127 |
| 90401 | 2 | $1,378,875 | $1,019 | 104 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| CONDOS | 25 | $1,075,000 | $957 |
| SINGLE_FAMILY | 13 | $3,400,000 | $1,719 |
| TOWNHOMES | 7 | $1,557,750 | $1,097 |
| MULTI_FAMILY | 3 | $1,945,000 | $699 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $500K - $749K | 2 |
| $750K+ | 46 |
Current Active Listings
As of this report, there are 327 active listings in Santa Monica with a median asking price of $2,145,000 and an average of 77 days on market.
Thinking About Selling Your Santa Monica Home?
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