Santa Monica 90403 Market Overview (November 2025)
As of November 3, 2025, the Santa Monica 90403 real estate market presents a divergence between condos and single-family homes. According to Altos Research, condos currently show a slight buyer’s advantage, while the single-family segment remains a mild seller’s market, reflecting the diversity of property types and pricing north of Wilshire Boulevard.
Boundary Lines & Neighborhood 90403, Santa Monica
ZIP 90403 extends from Montana Avenue south to Wilshire Boulevard, and from Lincoln Boulevard east to 26th Street. It sits directly below the 90402 North of Montana corridor and includes popular residential pockets like Wilshire-Montana, Franklin Elementary School district, and the shopping corridor of Montana Avenue.
This area is defined by a mix of boutique condos, vintage mid-century apartments, and smaller single-family homes, many of which have been renovated or replaced with modern builds. Residents value its walkability, cafés, Whole Foods, Erewhon proximity, and access to Santa Monica Beach and Palisades Park within minutes.
Santa Monica 90403 Condo Market Snapshot (November 2025)
Median List Price: $1,299,000
Median Price of New Listings: $1,750,000
Price per Sq Ft: $1,024
Average Days on Market: 129
Median Days on Market: 84
Price Decreased: 25%
Price Increased: 1%
Relisted: 18%
Inventory: 67
Median Rent: $3,600
Market Action Index: 28, Slight Buyer’s Advantage
The 90403 condo market has cooled slightly with rising inventory and a decline in market action from 32 to 28. Prices remain stable near $1.3M, and higher-quality, newer listings are helping to sustain overall value. Condos between Wilshire and Montana remain the most in-demand, offering urban convenience with a coastal feel.
Condo Market Insight 90403, Santa Monica
The condo sector is ideal for buyers seeking a walkable Santa Monica lifestyle near restaurants, boutiques, and transit links. Developers are slowly introducing modern, luxury condos with rooftop amenities and EV charging to replace aging 1970s stock. With inventory up to 67 active units, buyers can negotiate while sellers should focus on presentation, staging, and pricing precision.
Santa Monica 90403 Single-Family Home Market Update (November 2025)
Median List Price: $5,072,500
Median Price of New Listings: $2,799,900
Price per Sq Ft: $2,524
Average Days on Market: 156
Median Days on Market: 140
Price Decreased: 13%
Relisted: 25%
Active Inventory: 8 homes
Median Rent: $6,400
Market Action Index: 36 – Slight Seller’s Advantage
Single-family inventory remains low, with only eight active listings and an MAI of 36, indicating a continued seller’s edge. While prices have stabilized, homes near 19th-26th Streets or those featuring modern remodels continue to achieve premium pricing due to land scarcity and school proximity.
SFR Market Insight
The 90403 SFR market reflects pent-up demand for smaller lots compared to 90402, offering buyers a more approachable price point for Santa Monica living. The entry tier hovers around $1.9M, while luxury properties can reach beyond $10M. Despite longer marketing periods (avg. 156 days), motivated buyers remain active, particularly for turnkey homes within the Franklin and Roosevelt school zones.
Conclusion
The Santa Monica 90403 market continues to balance opportunity and stability. Condos offer value and negotiability amid expanding supply, while single-family homes remain constrained and stable. With proximity to the beach, top schools, and a vibrant commercial core, this ZIP remains one of Santa Monica’s most livable and investable neighborhoods.
The Santa Monica 90403 market continues to offer one of the most balanced environments on the Westside. Condos are giving buyers room to negotiate as inventory rises, while single-family homes remain in short supply and command strong pricing near Franklin and Roosevelt school zones.
If you’re a homeowner thinking about selling, now is the moment to leverage the demand for updated properties before additional listings hit the market in early 2026. Even with moderate interest rates, buyers remain active for well-presented homes north of Wilshire and near Montana Avenue.
If you’re a buyer, this market gives you flexibility, but the best properties still move quickly. I provide strategic pricing analysis, off-market access, and hands-on guidance tailored to Santa Monica’s micro-neighborhoods. Contact us for complimentary consultation.