Santa Monica’s real estate market has shown interesting trends in early 2025. The median sale price for homes is currently $1.6 million, reflecting a 7.7% decline compared to the previous year. However, the median price per square foot has increased by 16.5% year-over-year, now reaching $1,240. Homes in the area are spending an average of 87 days on the market before selling, up from 54 days last year. In January 2025 alone, 41 homes were sold, marking a 20.6% increase from the same time last year.

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