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Market Intelligence · CA / Santa Monica

Santa Monica, CA 90404 Housing Market

The typical home value in Santa Monica, CA 90404 is $1,031,718, down 2.5% over the past year as of September 2026. The median list price is $1,131,000, and homes are spending a median of 40 days on market.

Updated September 2026Median value$1032K

The median home value in Santa Monica, CA 90404 is $1.03M as of September 2026, down 2.5% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 90404 range

$949K to $1.11M

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-2.5% over 12 months

Typical home value in 90404 over the last 12 months: $1.06M in Sep 2025 to $1.03M in Sep 2026 (-2.5%).

Sep 2025$1.06M

Sep 2026$1.03M

The numbers

What is the 90404 housing market like?

Typical home value

$1.03M

Down2.5%YoY

Median list price

$1.13M

Down7.6%MoM

Days on market

40

Up25.0%MoM

Homes for sale

44

Up2.3%MoM

Price cuts

22.1%

Up17.8%MoM

New listings

8

Down60.0%MoM

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

The outlook

90404 housing market forecast 2027

+1.0%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 90404 to rise 1.0% by September 2027.

Over the 12 months through September 2026, typical home values in 90404 fell 2.5%, per the Zillow Home Value Index.

Will home prices drop in 90404?

Zillow's forecast does not call for a drop: it expects typical home values in 90404 to rise 1.0% by September 2027, after a 2.5% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 90404 home prices compare?

  • 90404$1,031,718
  • Santa Monica$1,436,512
  • California$692,765
  • United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Santa Monica: 5 ZIPs; California: 1,543 ZIPs; United States: 26,262 ZIPs).

Context

Sellers in 90404 are listing at a median of $1,131,000, while the typical home value sits at $1,031,718, down 2.5% over the past year. There were 44 homes for sale as of September 2026, with 8 new listings coming on the market. Homes are taking a median of 40 days to sell, and 22.1% of listings have had a price cut. That mix points to a market where buyers have room to negotiate. Sellers who price realistically from the start are likely to fare better than those who test the high end.

Monthly payment

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Common questions

What people ask us.

How much is a home in 90404 worth?

The typical home value in 90404 is $1,031,718 as of September 2026, down 2.5% over the past year.

How long does it take to sell a home in 90404?

Homes in 90404 are spending a median of 40 days on market as of September 2026.

Are sellers in 90404 cutting prices?

Yes. As of September 2026, 22.1% of listings in 90404 had a price cut, with 44 homes for sale.

Discover

Nearby ZIP markets.

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Guides for sellers.