What types of homes are available under $500K in Santa Monica?

Homes Under $500K in Santa Monica, California

Find affordable homes for sale in Santa Monica under $500,000. These budget-friendly properties include starter homes, condos, and fixer-uppers perfect for first-time buyers and investors.

2 Properties Available

Find affordable homes for sale in Santa Monica under $500,000. These budget-friendly properties include starter homes, condos, and fixer-uppers perfect for first-time buyers and investors.

In the under $500K price range in Santa Monica, be prepared for competition. Get pre-approved, act quickly on desirable properties, and consider properties that need cosmetic updates. Work with an agent who specializes in first-time buyer transactions.

Santa Monica Market Snapshot

$1,800,000

Median Home Price

38 days

Average Days on Market

$1,050

Price per Sq Ft

Last updated: April 26, 2026 • Source: MLS/CRMLS

Frequently Asked Questions

Homes under $500K in Santa Monica typically include condos, townhomes, smaller single-family homes, and fixer-uppers. Inventory varies by neighborhood, with more options in outlying areas. These properties are ideal for first-time buyers or investors. contact our agents to see current listings in this price range.