Santa Monica Homes for Sale & Real Estate Listings

As of December 2024, the median listing home price in Santa Monica was approximately $1.7 million, reflecting a 21.3% decrease compared to the previous year.

The Santa Monica housing market is considered somewhat competitive, with a competitiveness score of 56 out of 100. On average, homes sell for about 1% below the list price and typically go pending in around 58 days. However, "hot" homes can sell for about 1% above the list price and go pending in approximately 33 days.

There are approximately 209 homes listed for sale in Santa Monica, offering a variety of options to potential buyers.

Santa Monica offers a diverse range of housing options, including single-family homes, condominiums, and townhouses. The city features various architectural styles, from modern designs to charming bungalows, catering to different preferences and budgets.

Recent wildfires in the Los Angeles area have intensified the housing crisis, leading to increased demand for rental properties and a surge in rental prices. For instance, a property in Santa Monica experienced a rent increase from $12,750 to $28,000 following the fires. These events have strained the housing supply and affected market dynamics. 

Property tax rates in Santa Monica are determined by Los Angeles County and are based on the assessed value of the property. It's advisable to consult with a local real estate agent or the Los Angeles County Assessor's Office for the most accurate and up-to-date information regarding property taxes.

The Santa Monica housing market is subject to various factors, including economic conditions, policy changes, and environmental events. Staying informed through reputable real estate sources and consulting with local real estate professionals can provide insights into upcoming developments or changes in the market.

Rental prices in Santa Monica vary based on property type, size, and location. Recent events, such as wildfires, have led to significant increases in rental prices due to heightened demand. For example, some properties have seen rent increases exceeding 100%