Santa Monica 90404 Real Estate Market-Condos & Homes Update
Santa Monica, 90404 spans 14th Street to Bundy Drive and runs from Wilshire Boulevard south to Pico Boulevard, including parts of Colorado Avenue, Olympic Boulevard, and the Santa Monica Freeway.
This area bridges Downtown Santa Monica and Mid-City, offering quick access to Bergamot Station, Expo Line stops, Whole Foods Market, and Santa Monica College.
It’s one of the city’s most diverse housing zones, mixing industrial-loft conversions, new mid-rise condo developments, and classic single-family cottages that appeal to first-time buyers and creative professionals.
Santa Monica 90404 Condo Market November 2025
Median List Price: $1,137,000
Median Price of New Listings: $1,949,000
Price per Sq Ft: $860
Average Days on Market: 107
Median Days on Market: 74
Price Decreased: 38 % of listings
Relisted: 21 %
Inventory: 34 active condos
Median Rent: $3,499
Market Action Index: 31, Slight Seller’s Advantage
Santa Monica 90404 Housing Market-Tight Supply, Strong Returns
Condo demand in 90404 remains steady with limited new inventory and stable pricing near $1.1 M. Newer buildings around Broadway and Colorado Avenue continue to attract younger professionals and investors seeking proximity to tech campuses and the beach. Rising rental demand keeps investor activity healthy, while owner-occupants benefit from lower HOA dues than neighboring 90403.
Condos and Townhomes 90404
The condo market in Santa Monica’s 90404 zip code offers a wide variety of options, divided into four primary price ranges.
Luxury condos, averaging around $2 million, feature three bedrooms and three baths with approximately 1,900 square feet of living space. These properties are often found in newer buildings along Colorado Avenue and other recently developed corridors.
Upper mid-range condos, priced near $1.35 million, typically include two bedrooms and two baths with about 1,400 square feet. Many are located in well-maintained 1970s and 1980s buildings north of Santa Monica Boulevard and appeal to professionals seeking more space and privacy.
Mid-market condos, around $900,000, usually offer two bedrooms and two baths in smaller, community-style developments between Broadway and Pico. These homes attract first-time buyers and those wanting a central location close to restaurants and transit.
Entry-level condos, averaging roughly $660,000, consist mostly of one-bedroom units with about 740 square feet. They provide the most attainable entry point into Santa Monica homeownership.
Across all tiers, condo prices in 90404 have remained steady. Newer and larger units are helping to support property values, while smaller homes keep the market accessible for a broader range of buyers.
Santa Monica 90404 Single-Family Home Market-November 2025
Median List Price: $1,695,000
Price per Sq Ft: $1,913
Average Days on Market: 140
Inventory: 1 active listing
Median Rent: $4,123
Market Action Index: 71, Strong Seller’s Market
Santa Monica 90404 Housing Market Tight Supply-Strong Returns
Single-family opportunities are extremely limited, with most 90404 lots already redeveloped or zoned for multi-unit housing. The one-home inventory and strong MAI of 71 highlight a tight seller’s market. Buyers compete for updated cottages and ADU-ready parcels, particularly near 17th and 18th Streets, where walkability to cafés and transit remains high.
Santa Monica 90404 Price Tiers and Home Values
Santa Monica’s 90404 zip code features a wide range of property types, from small bungalows and ADU-ready lots to new-construction condos near Broadway and Colorado Avenue. Prices vary by size, age, and proximity to Wilshire Boulevard or the Expo Line.
Single-Family Homes
In the current market, the typical home lists around $1.7 million for roughly 900 square feet of living area on lots under 4,500 square feet. Most properties offer two bedrooms and two baths and average about 85 years old, a reflection of the neighborhood’s early post-war housing stock.
Prices have held steady at this level for several months. Expect a more noticeable price climb only if the Market Action Index continues to strengthen and buyer competition increases.
Conclusion
The 90404 market continues to balance affordability with location value. Condos deliver an accessible path into Santa Monica ownership, while single-family homes, when available, sell quickly due to land scarcity.
If you own a condo or home in Santa Monica 90404, this is an ideal time to evaluate your property’s equity. Low inventory and ongoing buyer interest mean well-priced listings can still move efficiently before new competition arrives in 2026. Contact us.