Explore homes for sale in Santa Monica, CA with the local real estate experts at Smith & Berg.
A Guide To
Santa Monica, CA
Santa Monica is known for its vibrant beach culture, sunny weather, and popular tourist attractions. The city is home to around 90,000 people and covers an area of 8.3 square miles. It is situated between the Pacific Ocean and the Santa Monica Mountains, making it a scenic and picturesque location.
With its stunning beaches, world-class shopping and dining, rich cultural attractions, and commitment to sustainability, it's no wonder that Santa Monica is such a desirable destination for so many people. If you're in the market for a new home, Smith & Berg will guide you to start your search for homes for sale in Santa Monica.
Median Sale Price
Median Sale Price per Sq. Ft.
Total Homes Sold
Median Days on Market
Sale-to-List Price
Santa Monica’s real estate market remains one of the most desirable in Southern California, with a mix of luxury beachfront properties, upscale condos, and charming single-family homes. Home values have shown resilience, driven by the city’s prime coastal location, strong local economy, and high demand for lifestyle-oriented living.
The Santa Monica housing market is highly competitive, with well-located properties often receiving multiple offers. Limited inventory, particularly in the luxury segment, has kept home prices strong, though higher mortgage rates have slightly slowed the market’s pace. Buyers looking for ocean-view properties or homes in walkable neighborhoods near Montana Avenue or Downtown Santa Monica must act quickly, as these listings tend to sell above asking price.
Santa Monica continues to attract affluent buyers from across the country, particularly from tech hubs like Silicon Valley and New York. Additionally, many international buyers invest in Santa Monica real estate for its stability and prestige. At the same time, some longtime residents have relocated to more affordable areas due to the rising cost of living, creating turnover in the market but sustaining demand from new high-net-worth buyers looking for coastal living.
Your Comprehensive Guide for Santa Monica Real Estate
As of February 2025, the median home price in Santa Monica, California, was approximately $2.1 million, reflecting a 25.3% increase compared to the previous year. This significant rise indicates a robust and competitive real estate market in the area.
The current real estate market in Santa Monica is characterized by high demand and limited inventory, leading to increased property values. Homes typically remain on the market for an average of 43 days, a decrease from 98 days the previous year, suggesting a swift turnover rate. However, it's important to note that some sources report a decrease in home values over the past year, indicating variability in market assessments. Factors such as high interest rates, taxes, and cost of living expenses are contributing to a potential softening of the market, with an increase in the number of days homes are for sale and fewer homes selling at or above their listed price.
Investing in Santa Monica real estate is generally considered favorable due to the city's desirable coastal location, strong rental demand, and vibrant economy. The area's appeal to both residents and tourists contributes to property value appreciation over time. However, potential investors should be mindful of the high property prices and the city's ranking as one of the least affordable for new homebuyers, which could impact long-term investment returns.
Individuals choose to buy homes in Santa Monica for various reasons, including its picturesque beaches, favorable climate, and proximity to Los Angeles. The city offers a blend of urban amenities and a relaxed coastal lifestyle, attracting professionals, families, and retirees alike. Additionally, Santa Monica's commitment to sustainability and well-maintained public spaces enhances its residential appeal.
Santa Monica boasts a wide array of amenities and attractions, such as the iconic Santa Monica Pier, Third Street Promenade shopping district, and numerous parks and recreational facilities. The city's vibrant arts scene, diverse dining options, and year-round events cater to various interests. Furthermore, Santa Monica's extensive network of bike paths and walkable neighborhoods promote an active and healthy lifestyle for its residents.
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