Santa Monica Condo Prices

Recent Santa Monica Condo Sales Feb–Aug 2025 | Sale Price, PPSF, Neighborhood Market Speed

• Total closed sales: 100

• Average sale price: $1,347,000

• Median sale price: $1,162,500

• Average price per square foot: $981

• Median price per square foot: $969

• Average days on market: 38

• Median days on market: 27

• Fastest sale: off-market or same-day

• Slowest sale: 403 days — likely overpriced or niche

What this means
Most Santa Monica condos are selling in under a month. Listings lingering beyond 200 days reflect mispricing or limited appeal.

Market Breakdown by Neighborhood

Downtown Santa Monica (90401)

• Sales: 60 out of 100

• Average sale price: $1.31 million

• Average price per square foot: $941

• Average days on market: 22

Key insight: Downtown units move fastest. Buyers prioritize walkability, making pricing and presentation critical for quick closings.

Ocean Avenue / North of Montana (90402)

• Sales: 9

• Average sale price: $2.22 million

• Average price per square foot: $1,098

• Average days on market: 98

Key insight: Luxury condos along the coast command high PPSF but require patience. These properties attract discerning buyers who align with the value proposition.

Wilshire/Montana Corridor (90403)

• Sales: 8

• Average sale price: $1.41 million

• Average price per square foot: $847

• Average days on market: 67

Key insight: This stretch delivers stability and value depth, with properties appealing to long-term residents less concerned about speed.

Mid-City / Pico District (90404)

• Sales: 7

• Average sale price: $1.02 million

• Average price per square foot: $817

• Average days on market: 62

Key insight: The most accessible price point. Longer days on market reflect buyer negotiation power, but value seekers find good opportunity here.

Ocean Park / Sunset Park (90405)

• Sales: 16

• Average sale price: $1.08 million

• Average price per square foot: $1,048

• Average days on market: 42

Key insight: A sweet spot for lifestyle buyers — strong demand, coastal proximity, and faster turnover than luxury markets, with premium pricing.

Santa Monica Condo Market Overview (Last 6 Months)

Total Listings Tracked: 289

• Sold/Closed: 100 (35%)

• Pending: 32 (11%)

• Active: 158 (55%)

Sold Condos (100)
Roughly one-third of Santa Monica condos sold in the past 6 months. Sales show a split market: well-priced, turnkey condos sold quickly, while overpriced or unique units lingered—some over 400 days. Average price per square foot varies widely, with 90401 and 90403 commanding the strongest values, while 90405 holds a mid-tier range.

Pending Condos (32)
About 11 percent of listings are in escrow, showing steady demand. Pending sales suggest fall activity will remain consistent, though not overheated. Buyers remain selective, favoring competitively priced homes.

Active Condos (158)
More than half of the inventory is still on the market, leaning toward a buyer’s market with 5–6 months of supply. Many of these listings have been sitting 200–400+ days, a clear signal that buyers are highly price-sensitive. Homes aligned with average price per square foot are moving; overpriced units are not.

By Zip Code

• 90401 (Downtown/Beachfront): Smaller pool, luxury-driven, highest price per square foot.

• 90402 (North of Montana): Limited condo supply, more single-family dominance.

• 90403 (Wilshire/Montana Corridor): Strongest price per square foot, fastest-moving inventory.

• 90404 (Mid-City): More affordable entry, slower absorption.

• 90405 (Ocean Park/Sunset Park): Mid-tier pricing, steady demand, slightly longer days on market.

Conclusion

The Santa Monica condo market is balanced but price-sensitive. With 158 active units vs 100 sold, inventory is higher than demand, giving buyers leverage. Sellers can still achieve strong results if they align pricing with PPSF realities in each zip.

• For Buyers: You have more negotiation room, especially with higher DOM listings. Look in 90404 & 90405 for relative value.

• For Sellers: Competition is strong. Price strategically—condos priced right are still moving fast (sometimes under 30 days).

• The last 6 months prove one thing: Santa Monica condos sell best when priced strategically and marketed with precision. From quick, high-volume sales Downtown to slower luxury absorption along Ocean Avenue, each zip code has its own rhythm.

Contact Us

Are you wondering “how much is my condo worth in Santa Monica” or “Santa Monica condo comps” to see what your neighbors’ homes sold for? I specialize in pricing strategy, and compliemntary price analysis and apprsaila and marketing, and selling condos so they don’t sit on the market for months.

If you’re searching condos for sale in Santa Monica or move-in ready condos near the beach, I can help you uncover the best opportunities before they’re gone. From Ocean Park condos with beach access to Downtown Santa Monica condos under $1.5M, I know where the value is. If you’re asking how much is my condo worth in Santa Monica or how do I sell my condo fast, knowing how your unit compares by neighborhood can make the difference between a quick 27-day sale and sitting on the market for 400+ days.

Call me today at 310-422-9001. Let’s position your condo for maximum results and make your next move in Santa Monica smooth, profitable, and stress-free.