Market Snapshot
Santa Monica Real Estate Market
Single-family homes range from $1.5M in Sunset Park to $4.5M+ north of Montana. Condos start near $1.25M. Strict zoning limits new construction to under 200 units annually.
About the Neighborhood
Living in Santa Monica
Santa Monica is an independent coastal city situated just west of Los Angeles, bordered by the Pacific Ocean to the west and Malibu to the north. It combines beach access, a vibrant downtown, top-rated schools, and strict land use controls that permanently cap new housing supply. The result is one of the most consistently high-demand real estate markets in Southern California.
Santa Monica's neighborhoods each have a distinct character. North of Montana is the city's most expensive pocket, averaging over $4.5M in sales. Sunset Park offers larger lots and more family-friendly pricing. Ocean Park brings an energetic Main Street lifestyle at a lower entry point. Downtown Santa Monica, anchored by the Third Street Promenade, appeals to buyers who prioritize urban walkability.
Highlights
- Pacific Ocean beach access and the Santa Monica Pier
- Strict city zoning limits new construction to under 200 units per year
- North of Montana: the city's most expensive neighborhood, averaging $4.5M+
- Standalone Santa Monica-Malibu Unified School District
- Third Street Promenade, Main Street, and Montana Avenue retail
- 4.2 months of inventory as of early 2026, indicating a near-balanced market
Education
Schools Serving Santa Monica
- Franklin Elementary School: Rated 9 out of 10, located in the North of Montana neighborhood.
- Roosevelt Elementary School: Another 9 out of 10 school, also serving the North of Montana area.
- Santa Monica High School (Samohi): One of California's most well-known public high schools, serving all of Santa Monica.
- Santa Monica-Malibu Unified School District: A standalone district known for strong academics and arts programs.
Your Agent in Santa Monica
Ben Lee | Broker, Attorney, Westside Specialist
Santa Monica requires a broker who understands the nuances of each sub-neighborhood. North of Montana, Sunset Park, Ocean Park, and Downtown Santa Monica each have distinct price drivers. Ben Lee's data-driven pricing approach and his network of active Westside buyers mean Santa Monica sellers consistently attract qualified, motivated buyers.
Licensed California Broker (CalRE #01808926) and Attorney. 15+ years serving Westside families. Monthly newsletter reaching 9,000+ neighbors.
Active Listings
Currently Listed in This Neighborhood
Common Questions
Santa Monica FAQ
What is the median home price in Santa Monica?
The median sale price for a single-family home in Santa Monica is approximately $3,850,000 as of January 2026. Condos and townhomes have a median closer to $1,250,000. The overall median including all property types sits near $1,565,000. Prices are projected to rise about 3.2% through the end of 2026.
What are the best neighborhoods in Santa Monica?
North of Montana is Santa Monica's most exclusive neighborhood, with average sale prices exceeding $4.5M and top-rated elementary schools. Sunset Park offers more space and family-friendly lots. Ocean Park is popular for its proximity to Main Street. Downtown Santa Monica suits buyers who want walkability and urban energy.
What schools serve Santa Monica?
Santa Monica has its own standalone Santa Monica-Malibu Unified School District. Franklin Elementary and Roosevelt Elementary (both 9/10) are in North of Montana. Santa Monica High School (Samohi) is one of California's most well-known public high schools.
Why is Santa Monica real estate so expensive?
Santa Monica's strict zoning laws limit new construction to fewer than 200 units per year in a city already densely built. Combined with beach access, an excellent school district, and a globally recognized lifestyle, demand consistently outpaces supply. This structural undersupply is the primary driver of long-term price appreciation.
Does Ben Lee cover Santa Monica?
Yes. Ben Lee Properties covers the full Westside including Santa Monica. Ben's extensive database of Westside buyers and his monthly newsletter distribution mean Santa Monica listings get immediate, targeted exposure. Contact Ben at (310) 704-6580 or ben@benleeproperties.com.
