Zillow is out with its latest Market Report for Santa Monica, 90402. This is a great starting point and general guide, but it’s generated algorithmically for markets across the US, and doesn’t take into account certain outliers that may distort the data for people actually buying or selling.

For a less generalized market analysis, you should still call a real estate professional. Use this as a general guide, but if you’re thinking of buying or selling, you really should consult a local area expert to get area-specific details not captured by a standardized algorithmic analysis.

Here’s what Zillow found:

  • The median home value in 90402 is $3,894,400.
  • 90402 home values have gone up 6.7% over the past year and Zillow predicts they will rise 2.5% within the next year.
  • The median list price per square foot in 90402 is $1,435, which is higher than the Santa Monica average of $1,089.
  • The median price of homes currently listed in 90402 is $3,800,000.