What’s the latest on Santa Monica’s housing market, and what should you know about buying or selling a home or condo right now?
Santa Monica’s housing market is showing distinct momentum as we move deeper into Q4 2025. Whether you’re eyeing a sleek beachside condo or a luxury single-family home in the North of Montana neighborhood, knowing where the market stands can help you move strategically. This November report offers a clear look at the latest trends for both condos and single-family residences (SFRs), helping you understand where things are headed—and how you can take advantage. | Read the full reports here: SFR Report and Condo Report
A Snapshot of Santa Monica’s Housing Market
The Santa Monica market is holding firm with a clear tilt toward sellers in the SFR segment and more balance in the condo sector. Overall, inventory remains tight, prices are solid, and buyer demand is focused on value and location.
Here are a few quick highlights from October 2025 data (the most recent available):
- Median SFR sold price: $3,325,000 (up 5% month-over-month)
- Median Condo sold price: $1,260,000 (up 13.7% month-over-month)
- Median SFR days on market: 20
- Median Condo days on market: 41
- Months of inventory (SFR): 2.95 — seller’s market
- Months of inventory (Condo): 5.23 — balanced market
This tells us that while the single-family home market is still moving quickly, condos are offering a bit more breathing room for buyers. | View detailed market data in the full reports: SFR Report | Condo Report
Single Family Home Market Breakdown
Santa Monica’s single-family home market continues to reflect high demand and limited supply. Inventory levels remain below 3 months, indicating a strong seller’s market. Here’s what else stands out:
- Median list price: $5,200,000 (up 4.6% MoM)
- Median sold price: $3,325,000
- Sold-to-list price ratio: 99.3%
- Median price per square foot: $1,433
- Median home size sold: 3,316 sq ft
Homes are selling quickly and close to asking price, especially in desirable neighborhoods like Sunset Park, North of Montana, and Ocean Park. We’re also seeing increased buyer interest in recently renovated properties with ADUs or sustainable upgrades.
Interestingly, despite a nearly 16% drop in months of inventory compared to last month, total active listings are up 15.3%, suggesting sellers are starting to re-enter the market in anticipation of the new year.
Want to explore the numbers more deeply? Download the full SFR Report here.
Condo Market Breakdown
The condo market, while still active, is functioning at a more measured pace. It offers opportunities for both buyers seeking value and sellers with well-presented listings.
Key stats for October 2025:
- Median list price: $1,399,999 (up 7.7% MoM)
- Median sold price: $1,260,000 (up 13.7% MoM)
- Sold-to-list price ratio: 97.2%
- Median price per square foot: $966
- Median days on market: 41
- Months of inventory: 5.23
Condo inventory has risen slightly, and properties are staying on market a bit longer. But pricing is firm, and condos in walkable areas like Downtown Santa Monica and Wilshire-Montana are drawing strong buyer attention.
New construction units and top-floor or ocean-view condos continue to command premium pricing. Meanwhile, well-priced units under $1M are moving steadily, especially among first-time buyers and investors.
Want to see all the condo trends? Download the full Condo Report here.
Market Trends to Watch
Here are three key takeaways from this month’s market data:
- SFRs remain highly competitive: Fast sales, minimal price drops, and low inventory signal a strong seller’s market. If you’re planning to list your home soon, now may be the right moment.
- Condos present mixed conditions: It’s still a seller-favored market, but buyers have more leverage and options than they do with single-family homes.
- Price resilience shows buyer confidence: Despite seasonal slowdowns, both markets saw price gains in October—not a typical trend for fall. This suggests that well-located, move-in-ready properties are still commanding top dollar.
What This Means for You
If you’re a homeowner thinking about selling, particularly a single-family residence, the current conditions are working in your favor. Inventory is low, pricing is strong, and well-marketed properties are moving quickly.
If you’re a buyer, especially in the condo segment, this could be a good time to explore options. There’s slightly more breathing room in negotiations, and new inventory is hitting the market as we approach year-end.
As a local Santa Monica Realtor, I’m tracking these shifts closely to help my clients time the market right and navigate with confidence.
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- Early market trend insights
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Final Takeaway
Santa Monica’s real estate market remains robust as we close out 2025. Whether you’re looking to sell at peak pricing or buy while rates are stable and options are improving, understanding the latest trends gives you an edge.
Have questions or want to know what your home or condo is worth in today’s market? I’m happy to help you run the numbers or prepare a custom plan.