Santa Monica 90401 Homes, Condos for Sale
90401 is generally known as Downtown Santa Monica - it includes:
The Third Street Promenade
Santa Monica Place
Ocean Avenue
Wilshire Boulevard commercial corridor
Palisades Park
Santa Monica Pier and Beachfront Condos
It’s the city’s urban core, combining luxury condos, boutique hotels, retail, dining, and offices, with a high walk score and direct beach access.
Boundaries 90401
North: Wilshire Boulevard / California Avenue
South: Santa Monica Freeway (I-10)
West: Pacific Coast Highway / Ocean Avenue / Beach
East: 20th Street (where the area transitions into the Mid-City and Wilshire-Montana zones)
Housing Profile-90401
Mostly condos, townhomes, and mixed-use lofts
Limited single-family homes
Popular luxury developments: The Seychelle, The Waverly, The Azzurra (near Ocean Ave)
Average condo list price: ≈ $1.35 million | $1,122 per sq ft | 127 days on market (from latest Altos Research market report)
School District-90401
Homes and condos in 90401 fall under the Santa Monica-Malibu Unified School District (SMMUSD), typically zoned to Roosevelt Elementary School, Lincoln Middle School, and Santa Monica High School.
Local Highlights -90401
Palisades Park - ocean-view walking paths and sunsets
Third Street Promenade - shopping, dining, farmers’ market
Santa Monica Pier – landmark destination with entertainment and views
Metro E Line (Expo) – direct light-rail access to Downtown LA
Santa Monica 90401 Housing Market Update Single-Family Home Prices and Trends
The median list price for single-family homes in Santa Monica’s 90401 area is $8,447,500, or about $2,633 per square foot.
There are currently 2 homes on the market, and they’re taking an average of 98 days to sell.
Half of the listings have reduced their price, while none have increased. Another half have been relisted, meaning some homes didn’t sell the first time and came back on the market.
The Market Action Index, a measure that compares supply and demand, is at 21, down slightly from last month’s 22. This puts Santa Monica in a slight buyer’s advantage, meaning there’s a little more inventory than active buyers right now.
Even so, prices have been edging upward recently. This may be because the homes coming to market are newer, larger, or more updated than before.
Overall, Santa Monica’s luxury market remains strong, but buyers have more breathing room, and sellers need to stand out with presentation and pricing.
Santa Monica, CA 90401 - Single-Family Homes Market Update
Median List Price: $8,447,500
Median Price of New Listings: $0
Price per Sq. Ft.: $2,633
Average Days on Market: 98
Median Days on Market: 98
Price Decreased: 50%
Price Increased: 0%
Relisted: 50%
Inventory: 2
Median Rent: $12,900
Market Action Index: 21 — Slight Buyer’s Advantage
Homes, Single Family Residence Santa Monica 90401
The Santa Monica 90401 single-family market continues to show signs of activity, with prices stabilizing after a slower summer.
The top quarter of the market is led by homes priced around $11,495,000, averaging 3,650 sq. ft., 3 bedrooms, and 3 baths, typically newer, about 7 years old and spending roughly 63 days on market.
The mid-range segment averages around $5,400,000 for 4 bedrooms, 4.5 baths, and about 2,549 sq. ft., staying on the market longer, about 133 days on average.
Even though inventory is limited, these numbers show that buyers are taking their time. The Market Action Index suggests the area is still in a slight buyer’s advantage, but renewed activity hints that the market could strengthen again if demand continues to rise.
Because of Santa Monica’s Measure GS, any property that sells for over $8 million is now subject to a 5.6% city transfer tax, on top of the county transfer fee and other closing costs. That’s a significant expense, and it’s causing some high-end buyers and sellers to pause before entering the market. After the Palisades fire, homes were moving quickly and demand surged, but the pace has recently leveled off as both sides weigh the financial impact of Measure GS and the broader cost of transacting in this price range.
Santa Monica, CA 90401- Condos & Townhomes Market Update
Median List Price: $1,349,000
Median Price of New Listings: $0
Price per Sq. Ft.: $1,122
Average Days on Market: 127
Median Days on Market: 105
Price Decreased: 8%
Price Increased: 0%
Relisted: 38%
Inventory: 13
Median Rent: $3,540
Market Action Index: 35 — Slight Seller’s Advantage
Market Overview for condos and town homes in 90401
This week, the median list price for condos and townhomes in Santa Monica 90401 stands at $1,349,000, with the Market Action Index rising to 35 from 31 last month. That increase means the market has shifted toward a slight seller’s advantage, supported by steady sales activity even as prices have dipped slightly from their peak.
With 13 listings currently on the market, homes are taking about 127 days on average to sell, suggesting that while demand remains solid, buyers are more selective.
Condo Market Activity 90401, Santa Monica
Condo prices have shown a small downward notch recently, but the rise in the Market Action Index suggests possible stabilization ahead. If buyer activity continues to outpace new listings, prices could begin firming up in the next cycle.
Market Activity for Condo Sales in Santa Monica 90401
The condo market in Santa Monica 90401 shows distinct pricing tiers:
Top Quarter: Around $2,146,500, averaging 1,270 sq. ft., 1 bed, 1.8 baths, and about 11 years old, spending roughly 105 days on market.
Upper-Mid Segment: Around $1,549,000, 1,380 sq. ft., 1 bed, 2 baths, about 23 years old, with a shorter 42-day market time.
Lower-Mid Segment: Around $1,250,000, 1,109 sq. ft., 2 beds, 2 baths, 36 years old, and 119 days on market.
Entry Segment: Around $1,089,000, 1,158 sq. ft., 2 beds, 1.5 baths, 58 years old, and the longest market time, about 210 days.
Overall, newer and smaller condos are moving faster, while older or larger units are staying on the market longer.
Conclusion: What the Santa Monica 90401 Housing Market Means for You
The Santa Monica 90401 housing market continues to balance between opportunity and competition. With luxury single-family homes averaging around $8.4 million and condos near $1.35 million, Downtown Santa Monica remains one of Los Angeles’ most desirable, and dynamic, real-estate markets.
Buyers benefit from slightly longer days on market and a wider range of listings, while sellers who present their homes beautifully and price with precision still achieve strong results.
If you’re considering buying or selling a home, condo, or investment property in Santa Monica 90401, staying ahead of local trends is key. Work with a Santa Monica real-estate agent who knows how to position your property, highlight neighborhood lifestyle benefits, and navigate recent factors such as Measure GS, coastal-zone regulations, and evolving price-per-square-foot values.
Whether you’re drawn to the beachfront condos on Ocean Avenue, a modern loft near the Promenade, or a single-family residence close to Palisades Park, Santa Monica offers a mix of coastal charm and lasting value.
Reach out today for a detailed home-value report or a private consultation about your next move in the Downtown Santa Monica 90401 real estate market.