Santa Monica · Homes for Sale
Santa Monica Luxury Homes Over $5 Million
What does Santa Monica offer at $5 million and up? Start with the current listings and the public sales data on this page. In ACS 2020-2024, 46% of owner-occupied Santa Monica homes fall in the highest bracket, $2 million and up, which the survey does not divide further.
High End Areas
The top Redfin neighborhood median in Santa Monica was North of Montana at $4.27M over 33 sales, so this search reaches above even that area.
ZIP Level Census Data
ZIP 90401 shows a median owner value of $1.15M, 5% owner-occupied homes and a median build year of 1994.
Age and Building Type
The Census counts 37% of local housing as built before 1960. Detached houses are 19% of the local housing count. About 37% of homes here were built between 1960 and 1979. Census data place 13% of local units before 1940. Only 12% of units here were built in 2000 or later.
Timing and Pricing
Supply across the city stood at 5.0 months. The September count of single-family houses for sale stood near 74. Within two weeks, 25% of homes listed in Santa Monica were off the market. By September 30, 165 deals were in escrow. Roughly 52% of house sales went over the first asking price. Homes of every type in Santa Monica took a median of 49 days to find a buyer.
What Homes Sold For
Sellers brought homes to market at a median asking price of $1.76M. Citywide, buyers paid a median of $1,113 per square foot.
Questions Worth Asking
If the home sits in an HOA, read the budget, rules and minutes. Budget for specialist inspections of roofs, pools and older systems. Loans this size are often jumbo, above conforming limits. This is general information, not legal, lending or tax advice.
Planning to sell too? Request a free home value for your current home.
More: Santa Monica homes for sale, Santa Monica homes $1 million and up.
Data: Redfin, a national real estate brokerage, Jul-Sep 2026; U.S. Census ACS 2020-2024 5-year.
Jay Romero, Broker, DRE 01343079 | Miamar Realty | Call (949) 822-8702
Miamar Realty | Corporate DRE #02192235 | 14241 Firestone Blvd #400, La Mirada, CA 90638 | Equal Housing Opportunity.
Keep Exploring
Buyer Match
Get matched to Santa Monica homes
Tell us what you are looking for and Jay Romero will reach out when the right homes come to market.
Selling first? Request a home value or call (949) 822-8702.
