Los Angeles County ยท ๐Ÿข Condos & Condominiums
Updated today ยท based on latest MLS activity

Condos & Condominiums Market Report โ€” Santa Monica, CA

Median price $1,217,500 with a hot market, 306 closed sales, and 25.5 months of supply.

What's a home worth in Santa Monica? โ€” Text the address โ†’ get back real MLS comps and a value range

Certified Residential Appraiser Lic #041145 | CA AMC Lic #3006906

Market Summary

$1,217,500
Median Price
$963.2/sf
Median PSF
-9.3%
Price Change
Hot
Market Temperature
25.5 mo
Absorption Rate
๐Ÿ“‰ Seller
Market Type

What's Your Condos & Condominiums Worth in Santa Monica?

Based on 306 recent closed sales, a typical condos & condominiums in Santa Monica falls in this range:

$974,000 โ€“ $1,461,000

Actual value depends on size, condition, location, and lot. Text your address for a precise estimate.

Text (909) 566-2866 for Your Value โ†’

Supply & Demand

Activity

Active listings: 261

Pending: 14

Closed / month: 25.5

Market balance: Seller Strong

Recommendation

Use recent condos & condominiums sales to price for a hot market in Santa Monica.

Review pending count and active supply before making price or offer timing decisions in this hot segment.

Inventory

261
Active
14
Pending
25
Closed 30d
81
Closed 90d
$1,217,500
Median Active Price
87
Avg Days Active

Monthly Trend Chart

$1,052,000
25-12
$1,302,500
26-01
$1,482,500
26-02
$1,075,000
26-03
$1,717,000
26-04
$1,498,000
26-05
$1,103,000
26-06
$815,000
26-07
$1,300,000
26-08
$997,000
26-09
$1,585,000
26-10
$950,000
26-11

๐Ÿ“‰ Falling trend ยท 25.5 sales/month average

Recent Sales

1705 Ocean

Close Price: $1,725,000

Close Date: 2026-11-05

Beds / Baths: 2 / 3

Sq Ft: 1,590

$/sf: $1,085

302 Ashland

Close Price: $775,000

Close Date: 2026-11-04

Beds / Baths: 2 / 2

Sq Ft: 910

$/sf: $852

1834 9th

Close Price: $499,000

Close Date: 2026-11-03

Beds / Baths: 1 / 1

Sq Ft: 620

$/sf: $805

201 Ocean

Close Price: $625,000

Close Date: 2026-11-03

Beds / Baths: โ€” / 1

Sq Ft: 515

$/sf: $1,214

2520 Arizona

Close Price: $1,125,000

Close Date: 2026-11-03

Beds / Baths: 3 / 3

Sq Ft: 1,228

$/sf: $916

What to Know About Condos & Condominiums in Santa Monica

Condominiums in Santa Monica serve a distinct slice of the Inland Empire market where buyers balance payment sensitivity with convenience, amenities, and lower maintenance ownership. The clearest pricing differences usually come from HOA quality, project reputation, parking, and whether a unit feels competitive with nearby entry-level detached options.

For Condo Buyers & Investors in Santa Monica

Condo valuations in Santa Monica depend heavily on HOA financials, special assessment history, and comparable sales within the same complex. Lenders scrutinize condo project approval status, warrantability, and owner-occupancy ratios.

Thomas Appraisal has deep experience with condo valuations across Southern California. Whether you are buying, selling, or refinancing, get a certified appraisal that reflects true market value โ€” not just the last sale in the building.

Condos & Condominiums FAQ

For condos in Santa Monica, buyers usually compare the complex first and the unit second. HOA quality, amenities, parking, floor level, view, and monthly dues often matter as much as square footage when explaining price differences.
Yes. Higher dues can be supported when they clearly cover strong amenities, exterior maintenance, or gated access, but they can also cap buyer affordability. In Santa Monica, condo pricing works best when you compare units with similar HOA obligations and community quality.
Usually no. Detached condos in Santa Monica often compete with small single-family homes, while attached units compete more directly inside the same project type. Keeping those groups separate helps preserve a cleaner value range.
Condo buyers in the Inland Empire are highly sensitive to community feel, financing friendliness, and shared-area maintenance. Two nearby projects in Santa Monica can show very different pricing if one has stronger upkeep, better parking, or lower perceived risk.
Lionel Newman Thomas

Your Appraiser: Lionel Newman Thomas

Certified Residential Appraiser Lic #041145 | CA AMC Lic #3006906

Certified Residential Real Estate Appraiser with 17 years of experience serving the Inland Empire and greater Southern California. Lionel provides accurate, defensible valuations backed by CRMLS data and deep local market knowledge.

๐Ÿ“ž (909) 266-0644 ๐Ÿ’ฌ Text (909) 566-2866

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