Balanced on paper, cool in practice — prices drifting lower while inventory climbs. The weekly read for owners weighing a sale.
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The index measures the rate of sales against available inventory. At 33, Santa Monica reads as a slight seller's advantage — but the index has slipped from 34 a month ago and the market has been consistently cool for several weeks, with demand low relative to available inventory.
Prices have been drifting lower as a result. Look for a persistent shift in Market Action before prices plateau or begin to rise again. For owners, pricing to the market — not above it — is what gets homes sold here right now.
Momentum ↓ 34 → 33 · month over monthEach tier is roughly a quarter of active Santa Monica inventory, ordered by price. The lowest quartile is omitted — lease listings in the source data skew its figures.
Demand has run below inventory for several weeks and list prices have followed. Sellers who chase the market down lose more than those who price correctly on day one.
Takeaway · The first two weeks decide the outcome — price to sell, not to test.
At roughly $1,687 per square foot, Santa Monica remains one of the priciest submarkets on the Westside. Land value and location carry enormous weight relative to house condition.
Takeaway · Even dated homes hold serious value here — don't assume renovation is required to sell.
Active supply has risen to 84. More competition means buyers can compare — and homes that show poorly or price ambitiously sit.
Takeaway · Presentation and marketing reach decide who wins the buyer.
Listings average 104 days on market, but half of active listings are newer than 49 days. Homes priced right move at nearly twice the pace of the average.
Takeaway · Correct pricing cuts your timeline roughly in half.
As of July 2026, the median list price for Santa Monica single-family homes is about $3.37 million — roughly $1,687 per square foot. Upper-quartile homes trade near $12 million.
The Market Action Index sits at 33 — a slight seller's advantage on paper, but the market has been consistently cool for several weeks and prices have been drifting lower. In practice, buyers have more leverage than the headline suggests.
Listings average about 104 days on market, but the median is 49 days — homes that are priced and presented correctly move roughly twice as fast as the average.
The median is about $1,687 per square foot as of July 2026 — among the highest on the Westside.
Prices have been easing. Demand is low relative to inventory and 21% of active listings have taken a price cut. Watch the Market Action Index for a sustained upturn before expecting prices to firm.
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Get My Confidential Number →Market data source: Chartwell Escrow weekly report, Jul 14, 2026 · Santa Monica, CA single-family homes.