Santa Monica Condo Market Report September 2025

90401 - Downtown / Wilshire Corridor

• Median List Price: $1,449,000

• Price per Sq. Ft.: $1,163

• Median Days on Market: 77

• Average Days on Market: 89

• Inventory: 12 units

• Market Action Index: 30 – slight seller’s advantage

90401 Neighborhood Description Wilshire Corridor

• Boundaries: South of Wilshire Blvd, north of the I-10 Freeway, west to Ocean Ave, east to Lincoln Blvd

• Near: Third Street Promenade, Santa Monica Place, Santa Monica Pier

• Vibe: Urban, walkable, condo-heavy, mixed with hotels and dining

• Who it fits: Buyers who want maximum walkability, amenities, and a car-light lifestyle

Condos for Sale in Downtown Santa Monica (90401)

• Luxury condo near the Promenade: $3,575,000 | 1,570 sq. ft. | 2 bed, 2 bath | 77 DOM

• Modern condo near Wilshire: $1,749,000 | 1,400 sq. ft. | 2 bed, 2 bath | 28 DOM

• Affordable 2-bed condo in Downtown: $1,095,000 | 1,260 sq. ft. | 2 bed, 2 bath | 98 DOM

• Entry-level 1-bed condo near the beach: $698,000 | 1,020 sq. ft. | 1 bed, 1 bath | 21 DOM

Sweet Spot for Buyers

• Fastest-moving condos are in the $700K–$1.7M range, selling in under a month.

90402 / North of Montana

• Median List Price: $2,322,500

• Price per Sq. Ft.: $1,498

• Median Days on Market: 56

• Average Days on Market: 98

• Inventory: 20 units

• Market Action Index: 31 – slight seller’s advantage

90402 Neighborhood Description North of Montana

• Boundaries: North of Montana Ave, south of San Vicente Blvd, west to Ocean Ave, east to 26th St

• Near: San Vicente median, Palisades Park, luxury condos near Ocean

• Anchors: San Vicente green median, Montana Avenue boutiques, Palisades Park

• Vibe: Prestigious residential streets with select luxury condo buildings near Ocean Ave

• Who it fits: Buyers wanting exclusivity, proximity to boutiques, and quiet streets

Condos for Sale in North of Montana (90402)

• Luxury Ocean Ave condo: $3,199,000 | 1,566 sq. ft. | 3 bed, 2 bath | 98 DOM

• Spacious 2-bed condo near San Vicente: $2,600,000 | 1,624 sq. ft. | 2 bed, 2 bath | 56 DOM

• Updated 3-bed condo near Montana Ave: $1,999,999 | 1,554 sq. ft. | 3 bed, 2 bath | 49 DOM

• Smaller one-bedroom near Ocean: $1,300,000 | 906 sq. ft. | 1 bed, 1 bath | 84 DOM

Sweet Spot for Buyers

• The $2.0M range is moving fastest, especially 3-bedroom condos closing in under 50 days.

90403 / Montana Avenue Area

• Median List Price: $1,199,000

• Price per Sq. Ft.: $998

• Median Days on Market: 63

• Average Days on Market: 121

• Inventory: 65 units

• Market Action Index: 32 – slight seller’s advantage

90403 Neighborhood Description Wilshire/Montana

• Boundaries: North of Wilshire Blvd, south of Montana Ave, west to Ocean Ave, east to 26th St

• Near: Montana Avenue boutiques, cafes, Aero Theatre, proximity to Palisades ParkVibe:

• Neighborhood charm, boutique retail, strong condo presence

• Who it fits: Buyers who want a two-bedroom condo near shopping and cafes

Condos for Sale on Montana Avenue (90403)

• Upscale 3-bed condo near Montana shops: $2,145,000 | 1,670 sq. ft. | 3 bed, 2.5 bath | 84 DOM

• Stylish 2-bed condo near Wilshire: $1,422,500 | 1,394 sq. ft. | 2 bed, 2.3 bath | 73 DOM

• Affordable 2-bed condo on Montana: $1,009,500 | 1,027 sq. ft. | 2 bed, 2 bath | 77 DOM

• Entry-level 2-bed condo: $771,641 | 991 sq. ft. | 2 bed, 2 bath | 49 DOM

Sweet Spot for Buyers

• Fastest sales are in the $770K–$1.4M range, especially two-bedroom condos.

90404 / Mid-City Santa Monica

• Median List Price: $997,000

• Price per Sq. Ft.: $888

• Median Days on Market: 77

• Average Days on Market: 97

• Inventory: 38 units

• Market Action Index: 32 – slight seller’s advantage

90404 Neighborhood Description Mid-City Santa Monica

• Boundaries: North of the I-10 Freeway, south of Wilshire Blvd, west to 14th St, east to Centinela Ave

• Near: Medical district, Bergamot Station area, Expo Line, neighborhood parks

• Vibe: Transitional area with value opportunities in older and newer buildings

• Who it fits: Buyers wanting affordability with Santa Monica schools and job access

Market Segments

• $1,624,500 | 1,796 sq. ft. | 3 bed, 2.8 bath | 126 DOM

• $1,125,000 | 1,352 sq. ft. | 2 bed, 2.5 bath | 91 DOM

• $902,000 | 1,012 sq. ft. | 2 bed, 2 bath | 45 DOM

• $695,000 | 757 sq. ft. | 1 bed, 1 bath | 42 DOM

Sweet Spot for Buyers

• Entry-level one-bed or small two-bed condos under $900K are attractive for first-time buyers.

90405 / Ocean Park

• Median List Price: $1,398,000

• Price per Sq. Ft.: $1,127

• Median Days on Market: 84

• Average Days on Market: 93

• Inventory: 33 units

• Market Action Index: 38 – stronger seller’s advantage

90405 Neighborhood Description Ocean Park

• Boundaries: South of Pico Blvd, west to the Pacific Ocean, east to Lincoln Blvd, south to the Venice border (Dewey St)

• Near: Main Street restaurants, Ocean View Park, beach access.

• Vibe: Coastal, artsy, relaxed; older cottages and small condo buildings dominate

• Who it fits: Buyers who want a true beach lifestyle with neighborhood charm

Market Segments

• $2,600,000 | 2,000 sq. ft. | 3 bed, 2.5 bath | 91 DOM

• $1,624,500 | 1,599 sq. ft. | 2 bed, 2.3 bath | 94 DOM

• $1,147,500 | 1,083 sq. ft. | 2 bed, 1.8 bath | 66 DOM

• $845,000 | 799 sq. ft. | 1 bed, 1 bath | 101 DOM

Sweet Spot for Buyers

• Two-bedroom units near $1.1M–$1.2M give best lifestyle-to-price balance in this zip code.

90405 / Sunset Park

• Median List Price: $1,398,000 (shares data set with 90405)

• Price per Sq. Ft.: $1,127

• Median Days on Market: 84

• Average Days on Market: 93

• Inventory: 33 units

• Market Action Index: 38 – stronger seller’s advantage

90405 Neighborhood Description Sunset Park

• Boundaries: Sunset Park is bounded by Pico Boulevard on the north, Lincoln Boulevard on the west, and Centinela Avenue on the east. Its southern edge runs along Airport Avenue and Dewey Street, which mark the city limit between Santa Monica and Los Angeles. Crossing south of this line takes you into Venice and Mar Vista, making Sunset Park the last neighborhood on Santa Monica’s southern border.

• Near: Santa Monica College, Clover Park, Airport-adjacent areas

• Vibe: Residential streets, community feel, limited condo stock

• Who it fits: Buyers wanting quiet, schools, and family-oriented amenities

Market data for Sunset Park is combined under the 90405 ZIP code, which also includes Ocean Park. While both neighborhoods share overall pricing trends, Sunset Park has very limited condo inventory. The area is primarily made up of single-family homes and multifamily apartment buildings, so condos for sale in Sunset Park are rare. Buyers searching for “Sunset Park condos for sale” should be aware that opportunities are limited here, and listings may be less frequent compared to Ocean Park.

Sweet Spot for Buyers

• Rare condo opportunities in small buildings; best values near parks and SMC campus.

Santa Monica Condo Market

• Median List Price: $1,299,000

• Price per Sq. Ft.: $1,013

• Median Days on Market: 70

• Average Days on Market: 105

• Inventory: 168 units

• Market Action Index: 33 – slight seller’s advantage

Sweet Spot for Buyers

• Across Santa Monica, two-bedroom condos in the $1.0M–$1.2M range offer the widest choice and best negotiability.

How to Sell Your Condo in Santa Monica

Selling a condo in Santa Monica is not the same as selling a single-family home. Condo owners face unique challenges that can affect both the sales process and the final price. The most successful sellers know the right questions to ask before going to market.

What Sellers Need to Know

• HOA Rules and Fees: Are there restrictions on signs, rental rules, or high monthly dues that might turn buyers away?

• Special Assessments: Are there any upcoming assessments or recent repairs that need to be disclosed?

• Disclosure Requirements: Is the HOA financially healthy, or are there lawsuits or reserve issues that could impact financing?

• Market Conditions: How long are condos staying on the market, and are prices trending above or below asking?

• Financing: Will the building qualify for conventional financing, or could delinquencies and litigation create challenges?

Why This Matters
Each of these factors can impact how quickly your condo sells and whether you achieve top dollar. By preparing the right documents, pricing strategically, and working with an experienced agent who understands the Santa Monica condo market, you put yourself in the best position to sell smoothly and profitably.

Buying a Condo in Santa Monica: Questions Every Buyer Should Ask

When buying a condo in Santa Monica, it is essential to look beyond the list price. The right questions will help you uncover hidden costs, HOA rules, and potential risks that can affect both your lifestyle and the long-term value of your investment.

Financial Health

• What are the monthly HOA fees, and what do they cover?

• Are there strong reserves and no pending special assessments?

• Will the condo qualify for financing, and is it considered “warrantable”?

HOA Rules and Legal Matters

• Is the HOA involved in any litigation?

• Are there restrictions on pets, rentals, or renovations?

• Can you review recent board meeting minutes for transparency?

Lifestyle and Ownership

• What exactly are your maintenance responsibilities as an owner?

• Is parking included, and how is it assigned?

• Are amenities well-maintained, and does the building fit your lifestyle and community expectations?

Resale and Future Value

• How do HOA fees, building maintenance, and the owner-to-renter ratio impact resale value?

Why You Need an Expert to Sell Your Condo in Santa Monica

Selling or buying a condo in Santa Monica is not just about the numbers. Each ZIP code has its own character, pricing trends, and buyer demand. Downtown and Wilshire are perfect for those who want a walkable lifestyle. North of Montana offers prestige and quiet streets. Montana Avenue combines charm and convenience. Mid-City provides value and central access. Ocean Park and Sunset Park bring a true neighborhood feel by the beach.

But here is the truth: condos come with unique challenges that single-family homes don’t. HOA rules, special assessments, rising fees, disclosure requirements, and financing hurdles can all stand between you and a successful sale. Buyers want clarity and confidence. Sellers need to present the right information and highlight the right details to get top dollar.

That is where expertise matters. Knowing the nuances of each neighborhood, understanding what buyers are searching for online, and being able to communicate the value of your building are what separate an average sale from an exceptional one.

If you are selling your condo in Santa Monica, or ready to buy with confidence, let’s talk. I offer a complimentary condo market consultation where we break down your building, your neighborhood, and your goals so you feel fully prepared to move forward. With the right strategy, you can sell for the highest possible price or buy in the area that fits your lifestyle best.