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Santa Monica

Why you'd want to live in Santa Monica

Santa Monica is a beachside city of 8.3 square miles on the westside of Los Angeles County. Offering an environment of unparalleled natural beauty, the city is home to a mix of residential communities, commercial districts, and recreational venues. Recently named by National Geographic as one of the Top "10 Beach Cities in the World" and by TIME as one of the "Best Places to Live", Santa Monica features three miles of Pacific beaches and the Santa Monica Pier. Santa Monica’s residential population is approximately 93,000, increasing to an estimated 250,000 during the day with tourists, shoppers, and employees. Tourism attracts over 8 million visitors annually. The City of Santa Monica was incorporated on November 30, 1886 and subsequently adopted a City Charter in 1945. In 1947, a City Council-City Manager form of government was established. The City Council consists of seven members elected by the community at large to four year terms. The City of Santa Monica is a full-service city. City departments provide police, fire, a regional transportation network, water, refuse and recycling, streets, parking, planning, building, engineering, free public wifi, a high speed fiber optic network, parks, affordable housing, economic development, library, rent control, recreational, cultural, and educational services to the community. The City-operated Big Blue Bus regional bus service provides over 16.5 million rides for customers each year, all powered by renewable natural gas. Breeze Bike Share was Southern California's first bike share system with 500 bikes at 85 locations. In 2016, the Metro Expo Line opened connecting Santa Monica to Downtown Los Angeles in under an hour. The City of Santa Monica is a national leader in environmental, economic and social sustainability. The City is working toward aggressive climate action goals including: water self-sufficiency by 2020, zero waste by 2030, and carbon neutrality by 2050. via santamonica.gov

Santa Monica Market Report

$3,345,640

AVERAGE PRICE OF 169 HOMES

$3,685,313

AVERAGE PRICE OF 149 MULTI-MILLION DOLLAR HOMES

$8,020,000

AVERAGE PRICE OF 7 NEWLY BUILT HOMES

$4,603,247

AVERAGE PRICE OF 72 HOMES WITH A POOL

$2,027,500

AVERAGE PRICE OF 9 REDUCED PRICE HOMES

Average Home

Average Price $3,345,640
Avg Bedrooms 2.89 beds
Avg Bathrooms 3.09 baths

Average Price by Bedrooms

1 bedroom $1,329,717
2 bedrooms $2,036,492
3 bedrooms $2,996,536
4 bedrooms $4,650,118
5 bedrooms $5,050,868
Santa Monica Home Price Trends
  3/2024 2/2024 1/2024 12/2023 11/2023
Total Listings 484 427 399 451 505
Average Price $3,320,164 $3,233,684 $3,175,913 $3,288,154 $3,423,384
Avg Price Change +2.67% +1.82% -3.53% -4.11% -1.07%
Median Price $2,201,109 $2,063,545 $1,993,356 $2,105,856 $2,212,428
Med Price Change +6.67% +3.52% -5.64% -5.06% -5.56%
Avg Bedrooms 3.61 beds 3.47 beds 3.47 beds 3.52 beds 3.46 beds
Avg Bathrooms 3.72 baths 3.63 baths 3.65 baths 3.72 baths 3.69 baths
Home Price by House Size
Total Homes Average Price
All Homes 169 $3,345,640
Multi-Million Dollar Homes 149 $3,685,313
Newly Built Homes 7 $8,020,000
Homes with a Pool 72 $4,603,247
Reduced Price Homes 9 $2,027,500
Forward Luxury Estates
Christina Pope
330 Arden Ave #110
Glendale, CA 91203
424-373-5591

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Based on information from California Regional Multiple Listing Service, Inc. as of April 16, 2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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