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Market Intelligence · CA / Los Angeles County

Santa Monica, CA home prices and housing market

5 ZIP markets liveData updated September 2026Typical value$1.44M1-yr changeDown0.2%

The typical home value in Santa Monica, CA is $1.44M as of September 2026, down 0.2% from a year ago, based on the Zillow Home Value Index. In the typical Santa Monica ZIP code, the median list price is $1.49M and homes spend a median of 46 days on market as of September 2026 (Realtor.com).

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The coverage

Santa Monica, by the numbers.

Typical home valueZillow ZHVI, September 2026
$1.44M
1-yr changeMedian across Santa Monica ZIPs
-0.2%
ZIP markets live8 tracked in Santa Monica
5
County
Los Angeles County

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12-month value trend

-0.2% over 12 months

Typical home value in Santa Monica over the last 12 months: $1.44M in Sep 2025 to $1.44M in Sep 2026 (-0.2%).

Sep 2025$1.44M

Sep 2026$1.44M

Median Zillow home value index across Santa Monica's ZIP codes.

Context

Santa Monica's housing market remains one of the most expensive in the country, with a typical home value of $1,436,512 as of September 2026, down 0.2% over the past year. Sellers listed homes at a median list price of $1,486,750, while homes spent a median of 46 days on the market. There were 233 homes for sale during the month, and 88 new listings came to market. Only 8.7% of listings had a price cut, suggesting sellers are holding firm on pricing. For a homeowner deciding whether to sell, the market appears steady rather than soft, but buyers are taking their time, so pricing carefully from the start matters.

The numbers

What is the housing market like in Santa Monica, CA?

Typical home value

$1.44M

Down0.2%YoY

Median list price

$1.49M

Days on market

46

Homes for sale

233

Price cuts

8.7%

New listings

88

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026)

Figures reflect Santa Monica's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

Prices over time

Santa Monica, CA home prices over time

Typical home values in Santa Monica, CA are down 0.2% over the past year, from $1.44M in September 2025 to $1.44M in September 2026.

Typical home value in Santa Monica, CA, September of each year
MonthTypical value1-yr change
September 2026$1,436,512-0.2%
September 2025$1,440,001No prior year

Typical value is the median Zillow Home Value Index across Santa Monica ZIP codes, taken in September of each year so every row compares the same month.

Market balance

Is Santa Monica, CA a buyer's or seller's market?

Santa Monica, CA leans toward a seller's market.

Relatively few listings have cut their asking price, which usually gives sellers the stronger position.

Based on a median of 46 days on market and 9% of listings with a price cut in the typical Santa Monica ZIP code, and 88 new listings against 233 active listings across Santa Monica, as of September 2026 (Realtor.com).

The outlook

Santa Monica housing market forecast 2027

+1.6%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 5 Santa Monica ZIP codes, points to typical home values rising 1.6% by September 2027.

Over the 12 months through September 2026, typical home values in Santa Monica fell 0.2%, per the Zillow Home Value Index.

Will home prices drop in Santa Monica?

The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for Santa Monica shows typical home values rising 1.6% by September 2027, after a 0.2% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 5 Santa Monica ZIP codes have both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

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The markets

Which Santa Monica ZIP codes have the highest home values?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of September 2026. 1-yr change compares it to the same ZIP a year earlier. We track 8 Santa Monica ZIP codes in total; the remaining 3 publish as their data clears editorial QA.

Zillow ZHVI, September 2026

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Common questions

Questions about Santa Monica, CA home prices.

How much is a home in Santa Monica worth?

The typical home value in Santa Monica was $1,436,512 as of September 2026, down 0.2% over the past year.

How long do homes stay on the market in Santa Monica?

Homes in Santa Monica spent a median of 46 days on the market as of September 2026.

Are sellers cutting prices in Santa Monica?

As of September 2026, 8.7% of listings in Santa Monica had a price cut, and the median list price was $1,486,750.

Are home prices going up or down in Santa Monica, CA?

Typical home values in Santa Monica, CA are down 0.2% over the past year, based on the Zillow Home Value Index as of September 2026.

Is Santa Monica, CA a buyer's or seller's market?

Santa Monica, CA leans toward a seller's market. Relatively few listings have cut their asking price, which usually gives sellers the stronger position. Based on a median of 46 days on market and 9% of listings with a price cut in the typical Santa Monica ZIP code, and 88 new listings against 233 active listings across Santa Monica, as of September 2026 (Realtor.com).

Nearby markets

More California housing markets.

The market is moving

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