Santa Monica 90405 Real Estate Market Report-Condos & Homes
Santa Monica’s 90405 ZIP code covers the southernmost section of the city, bordered by Ocean Park Boulevard and Pico Boulevard to the north, Lincoln Boulevard to the east, Marine Street and Nielsen Way to the south, and the Pacific Ocean to the west. It includes two of the most desirable neighborhoods on the Westside, Ocean Park and Sunset Park, along with the Santa Monica Airport District.
This area combines classic beach bungalows, modern coastal homes, and condos near Main Street, offering a laid-back surf-town vibe just minutes from Downtown Santa Monica and Venice. With a strong mix of full-time residents, long-term investors, and creative professionals, 90405 delivers both lifestyle and value appreciation potential.
Santa Monica 90405 Condo Market Snapshot, November 2025
Median List Price: $1,599,000
Median Price of New Listings: $1,647,500
Price per Sq. Ft.: $1,098
Average Days on Market: 87
Median Days on Market: 70
Price Decreased: 38% of listings
Relisted: 26%
Active Inventory: 34
Median Rent: $3,000
Market Action Index: 38, Slight Seller’s Advantage
Home sales in 90405 continue to outpace available inventory, and the Market Action Index has been trending higher for weeks. This is a seller’s market, and pricing could see upward pressure if inventory remains tight into early 2026.
Condos & Townhomes Price and Trends 90405
The condo market in Santa Monica’s 90405 area continues to show strong value across four main pricing levels, reflecting the range of housing options available in Ocean Park and Sunset Park.
Luxury condos average around $2.5 million and typically feature two bedrooms and approximately 1,900 square feet of living space. These high-end residences are found in newer coastal developments west of Lincoln Boulevard, often near Main Street, and include private terraces and ocean views.
Upper mid-range condos are priced near $1.77 million. They usually offer two bedrooms and two and a half baths with about 1,900 square feet. Many are located in smaller complexes near Ocean Park Boulevard or Marine Street and appeal to professionals and downsizers who want a mix of space and convenience.
Mid-market condos average around $1.42 million and include two-bedroom units with roughly 1,200 square feet. These properties, typically built between the 1970s and 1990s near Pico and 17th Street, provide excellent walkability to local shops, cafés, and schools.
Entry-level condos are priced around $870,000 and generally consist of one-bedroom units of about 820 square feet in low-rise buildings close to Ocean Park and Lincoln Boulevard. They attract first-time buyers and investors seeking affordable coastal opportunities.
Overall, condo prices in 90405 remain stable yet competitive. Newer, well-located listings continue to command top-tier prices thanks to modern design, ocean proximity, and limited inventory in one of Santa Monica’s most desirable coastal neighborhoods.
Santa Monica 90405 Single-Family Home Market
Median List Price: $3,234,500
Median Price of New Listings: $5,499,999
Price per Sq. Ft.: $1,393
Average Days on Market: 131
Median Days on Market: 130
Price Decreased: 35% of listings
Relisted: 20%
Active Inventory: 20
Median Rent: $6,250
Market Action Index: 35, Slight Seller’s Advantage
The 90405 single-family market has begun to cool modestly, but remains in seller territory. Prices have been flat for several weeks, and inventory has dipped slightly to 20 active homes. Watch for future shifts in the Market Action Index — any consistent uptick would likely bring renewed price growth.
Santa Monica 90405 Home Values-Price Tiers
Top tier homes in Santa Monica’s 90405 area average around $5.5 million. These modern four-bedroom properties offer more than 3,600 square feet of living space and are typically located west of Lincoln Boulevard or near Hollister Avenue. Many feature open-concept layouts, high-end finishes, and ocean-facing decks that capture the coastal lifestyle.
Mid-tier homes are priced around $3.9 million and generally include four bedrooms with approximately 3,200 square feet on standard 6,000-square-foot lots. Built in the late 20th century, many have been remodeled with ADUs, energy-efficient systems, and contemporary design touches.
Value-tier properties, averaging about $2.5 million, tend to have three to four bedrooms and roughly 1,800 square feet of living space on smaller lots. These homes provide a balance between land and location, attracting buyers who want the Sunset Park lifestyle without the premium price of new construction.
Entry-tier homes, priced near $1.9 million, include cozy two- to three-bedroom bungalows averaging 1,400 square feet. Often built in the 1940s and 1950s, these properties are popular with developers and homeowners looking to expand or rebuild.
Despite a slight cooling trend, demand in Sunset Park and Ocean Park remains strong. Families continue to favor the area for its walkable streets, neighborhood parks, and highly rated schools such as Grant Elementary and John Adams Middle School.
Conclusion
Santa Monica’s 90405 area continues to deliver coastal living with long-term value, balancing stability and opportunity for both condo and single-family buyers.
Condos provide an accessible entry point into the Santa Monica lifestyle, while single-family homes hold strong equity growth potential amid low supply. Contact us.