4-week rolling average · Data through March 12, 2026 · ZIP 90401
Santa Monica's 90401 zip code is sitting in cold market territory with just 22 active sale listings and a median days on market of 131 days, signaling that homes are taking well over four months to sell. The spread between the median list price of $1,599,000 and the median sale price of $5,400,000 suggests the market is heavily skewed by high-end luxury transactions pulling the sale average up significantly. At $2,118.48 per square foot, this remains one of the most premium-priced coastal markets in the country.
| Beds | Sale Price | Rent |
|---|---|---|
| 1BR | $1.25M | $3K/mo |
| 2BR | $1.95M | $4K/mo |
| 3BR | $1.60M | $9K/mo |
| 4BR | $3.50M | — |
| 6BR | $6.75M | — |
| 8BR | $3.05M | — |
With a median days on market of 131 days and only 22 active listings, sellers should expect a longer sales timeline and price their homes strategically from the start. The cold market temperature indicates buyers have more leverage, so positioning your home competitively against the median list price of $1,599,000 will be critical to attracting serious offers.
The cold market conditions and 131-day median days on market give buyers meaningful negotiating power in Santa Monica right now. With 22 active listings available and a median list price of $1,599,000, there is limited selection but also reduced competition, making this a reasonable window to explore options without facing bidding wars.
The rental market in 90401 shows 87 rental units available with a median rent of $3,295, and three-bedroom rentals commanding as much as $8,995 per month, pointing to strong income potential for larger units. However, with a median sale price of $5,400,000 and a price per square foot of $2,118.48, acquisition costs are substantial and investors should model cash flow carefully against current financing rates.
The 30-year fixed mortgage rate is currently at 6% and the 15-year fixed sits at 5.43%, both of which add significant carrying costs on high-priced Santa Monica properties. On a $5,400,000 purchase with a conventional loan structure, even small rate movements translate into thousands of dollars per month, so buyers should work closely with a lender to evaluate rate lock strategies.
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Market intelligence by FarmPosts