Santa Monica 90402 Condo Market Update-November 2025

As of November 3, 2025, the Santa Monica 90402 market shows a median list price of a condo at $1,999,999 with a Market Action Index (MAI) of 27, reflecting a slight buyer’s advantage.
Inventory has increased to 23 active listings, up from last month’s MAI of 32, signaling a cooling phase where supply is rising faster than absorption, based on the Altos research data.

North of Montana Homes & Lifestyle-Santa Monica 90402

ZIP code 90402 encompasses Santa Monica’s North of Montana neighborhood, stretching from San Vicente Boulevard south to Montana Avenue, and from 14th Street west to Ocean Avenue and the Santa Monica Canyon.

This area is known for its tree-lined streets, wide lots, and proximity to Palisades Park and the Pacific Coast Highway. While dominated by single-family estates, it also offers a growing collection of boutique condominiums that attract professionals, downsizers, and investors seeking a low-maintenance coastal lifestyle with top-tier walkability.

90402, Santa Monica highlights include:

Montana Avenue’s shops, cafés, and studios

The Brentwood Country Mart and Palisades Village nearby

Excellent schools such as Roosevelt Elementary and Lincoln Middle

Easy access to the beach, the Pier, and scenic biking routes

Santa Monica 90402 Condos for Sale-Market Snapshot & Prices

• Median List Price: $1,999,999

• Median Price of New Listings: $1,997,500

• Price per Square Foot: $1,423

• Average Days on Market: 109

• Median Days on Market: 84

• Price Decreased: 13 % of listings

• Price Increased: 0 %

• Relisted: 17 %

• Inventory: 23 active homes

• Median Rent: $3,895

• Market Action Index: 27, Slight Buyer’s Advantage

  Condos north of Montana tend to feature modern coastal architecture, open plan living, and proximity to both Wilshire Boulevard and Ocean Avenue. Though inventory is growing, newer and larger condos are entering the market, which explains why prices remain steady even as the market cools.

  Is It a Buyer’s or Seller’s Market in Santa Monica 90402?

  Supply is expanding faster than sales, suggesting buyers have more leverage heading into winter. Yet, average listing prices have inched higher, a sign that newer inventory is helping to elevate neighborhood values. With just 23 active listings, demand remains balanced by the enduring appeal of 90402’s location and design quality.

  Buyers looking to secure a foothold in North of Montana’s condo market can take advantage of flexible terms and competitive pricing before rate adjustments shift the dynamic. Sellers can still benefit from strong rental yields and limited new-build competition.

Santa Monica 90402 Single-Family Home Market Update (November 2025)

According to Altos Research, the single-family home market in Santa Monica’s 90402 ZIP code continues to hold firm in the slight seller’s advantage zone, with a Market Action Index of 34, unchanged from last month.
As of November 3, 2025, the median list price stands at $7,100,000, reflecting the enduring strength of North-of-Montana estates and properties west of 14th Street.

Current Home Values in Santa Monica’s 90402 Neighborhood

• Median List Price: $7,100,000

• Median Price of New Listings: $15,595,000

• Price per Square Foot: $2,090

• Average Days on Market: 120

• Median Days on Market: 91

• Price Decreased: 29 % of listings

• Price Increased: 0 %

• Relisted: 14 %

• Active Inventory: 35 homes

• Median Rent: $12,985

• Market Action Index: 34 – Slight Seller’s Advantage

What’s Really Happening in the Santa Monica 90402 Market

The single-family segment has cooled modestly over recent months after a period of accelerated growth, yet remains squarely in seller territory. Prices have plateaued at elevated levels while inventory tightened slightly to 35 active listings. If the MAI rises again, prices could resume their upward trajectory; a dip toward the buyer’s zone would bring downward price pressure.

Weekly data shows minimal short-term movement, but the broader 90-day trend continues to underscore sustained confidence in 90402’s top-end inventory. Luxury properties and newly built estates continue to draw activity from cash buyers and relocation clients seeking long-term coastal stability.

Luxury Home Values in Santa Monica 90402

Each quartile represents roughly a quarter of the single-family inventory, ordered by price:

The ultra-luxury tier leads the market at approximately $15,995,000, averaging 6,336 square feet with five bedrooms and six baths on quarter-acre lots.

The upper tier follows at about $8,990,000, featuring 5,500-square-foot homes on 8,000- to 10,000-square-foot lots.

Mid-market homes center around $5,395,000, offering three bedrooms and three baths on classic Montana parcels of 6,500–8,000 sq ft.

The entry segment begins near $2,447,499, typically older bungalows of around 1,200 sq ft on standard lots—often redevelopment candidates for RTI projects.

Santa Monica 90402 Condo Market Trends-What Buyers & Sellers Should Know

Supply in 90402 is expanding faster than sales, giving buyers slightly more leverage heading into winter. Still, listing prices have edged higher, suggesting that newer, higher-quality condos are setting the pace for neighborhood values. With only 23 active listings, demand remains supported by the area’s enduring appeal and limited coastal inventory.

Buyers aiming to establish a foothold in North of Montana’s condo market can take advantage of flexible terms and competitive pricing before rate adjustments shift the balance. Meanwhile, sellers continue to benefit from strong rental yields, low competition among new builds, and consistent demand for boutique coastal properties near Montana Avenue.

Conclusion

The 90402 condo market continues to balance opportunity and stability favorable for buyers who act decisively and strategic for sellers who position their property correctly. With a mix of refreshed listings, rising per-square-foot values, and a manageable inventory count, Santa Monica’s north-of-Montana corridor remains one of the most resilient coastal condo markets in Los Angeles.

If you’re considering a sale, this season offers a window to list before the next rate shift or new inventory wave. If you’re exploring a purchase, the market’s moderate pace allows time to evaluate value, location, and long-term potential without heavy competition. Whether you are selling or buying, contact us for a complimentary consultation.