At ListWizer, our dedicated team of licensed real estate professionals in Santa Monica works diligently to help our California home-buying and selling clients keep more of their hard-earned money. We recognize that buying or selling a home in Los Angeles County can significantly impact your financial future, and we’re committed to providing you with the insights and information needed to make informed decisions about home prices in your area.
Our Santa Monica real estate professionals focus on each client’s unique buying and selling needs. We know every step we take helps shape their future, and we’re proud to be part of their journey.
Here, we discuss the housing market in Santa Monica, which is currently considered Neutral. This means prices tend to be reasonable, and homes stay on the market for a typical time.
What are Housing Prices in Santa Monica, California?
In September 2024, the median home sold price in Santa Monica was $1,828,333, up 13.2% from last year, and the median price per square foot was $1,108.
The median sold price by bedroom count as of September 2024 is:
- 1 Bedroom $755,000
- 2 Bedrooms $1,400,000
- 3 Bedrooms $2,100,000
- 4 Bedrooms $3,500,000
- 5+ Bedrooms $4,000,000
The median sold price compared to nearby cities is:
- Los Angeles $1,000,000
- Culver City $1,299,875
- Beverly Hills $3,036,250
- El Segundo $1,690,000
The Santa Monica real estate market had 294 homes for sale in September 2024, a 9.3% increase compared to the previous year. In September 2024, 45 homes were sold or pending in Santa Monica, down 13.5% month over month. Of the 45 sold homes, 62% were sold under asking, 9% were sold at asking, and 29% were sold over asking.
In September 2024, homes in Santa Monica spent an average of 44 days on the market, up by 5.2% compared to last year.
How Can ListWizer Help Me Buy or Sell a Home in Santa Monica, California?
At Listwizer, we prioritize people over profits, just like our dedicated team of licensed real estate professionals in Santa Monica. You’ll receive top-tier expertise from experienced agents while paying only a flat fee of $2,500 or up to a 1% listing fee, offering substantial savings without sacrificing service quality. Contact us today to discover how our Santa Monica real estate professionals can work for you!