Santa Monica Housing Market Report – July 2026
Here's a look at how the Santa Monica, CA real estate market performed in July 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 85
- Median Sale Price: $2,075,000
- Average Sale Price: $2,887,359
- Average Price Per Sq Ft: $1,201
- Average Days on Market: 85
- Sale-to-List Price Ratio: 98.2%
Month-Over-Month Trends
Compared to June, the median sale price in Santa Monica moved 29.7% up (from $1,600,000 to $2,075,000). The number of homes sold was 16.4% up compared to the prior month (73 vs. 85). Average days on market shifted 14.9% up (74 days to 85 days).
Year-Over-Year Comparison
Compared to July 2025, the median sale price is 6.3% down (from $2,215,000 to $2,075,000). Sales volume is 16.4% up year-over-year.
What This Means
Santa Monica's housing market is showing mixed signals as summer peaks. While sales volume climbed 16.4% month-over-month to 85 homes, this likely reflects improved data collection rather than a genuine market surge. More telling is the median price jump of nearly 30% from June, reaching $2,075,000, though this still sits 6.3% below last July's levels. The year-over-year decline suggests underlying softness despite the monthly spike—these price swings indicate a market still finding its footing after the recent rate environment.
What's more concerning is that homes are lingering longer on the market. Days on market stretched from 74 to 85 days month-over-month, a 14.9% increase that signals buyers are taking more time to decide. Despite this slowdown, the sale-to-list ratio of 98.2% shows sellers aren't dramatically cutting prices, though inventory remains robust at 429 active listings. This points to a gradually cooling market where neither buyers nor sellers are panicking—yet homes simply aren't moving as quickly.
For prospective buyers, there's a subtle shift happening. The increase in DOM suggests you'll have more negotiating leverage than you might have had a year ago, even if Santa Monica's fundamentals remain strong.
Santa Monica Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 90405 | 34 | $2,075,000 | $1,122 | 76 |
| 90403 | 25 | $1,686,500 | $954 | 96 |
| 90402 | 17 | $5,185,000 | $1,798 | 103 |
| 90404 | 7 | $1,125,000 | $1,066 | 49 |
| 90401 | 2 | $1,915,000 | $783 | 101 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 30 | $3,350,000 | $1,757 |
| CONDOS | 22 | $833,800 | $956 |
| MULTI_FAMILY | 12 | $2,270,000 | $675 |
| TOWNHOMES | 10 | $1,982,500 | $1,101 |
| CONDO | 5 | $1,320,000 | $977 |
| OTHER | 4 | $2,580,000 | $288 |
| LAND | 2 | $2,124,500 | N/A |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $100K - $199K | 2 |
| $400K - $499K | 1 |
| $500K - $749K | 7 |
| $750K+ | 75 |
Current Active Listings
As of this report, there are 429 active listings in Santa Monica with a median asking price of $1,999,000 and an average of 83 days on market.
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