Pico · Santa Monica, CA

Is Now a Good Time to Sell in Pico, Santa Monica?

The median home in Pico sells for $1,407,000 with prices down 1% year-over-year. Ridley's flat fee saves you $38,711.

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Pico Real Estate Market Conditions

57out of 100

Ridley Sell Score

How it's scored →

Moderate

57/100

A balanced market with opportunities for well-priced homes.

What this means for sellers

The Pico market is balanced — neither strongly favoring buyers nor sellers. Accurate pricing is key: overpriced homes will sit, but correctly priced listings are still moving. Focus on presentation and pricing strategy to stand out. Sellers who prepare well can still achieve strong results.

Inventory TightnessNeutral

4 months of supply — near the balanced threshold of 5 months. California average is 3.5.

Price MomentumFavors buyers

Prices down 0.7407407407% year-over-year — vs. +0.7% statewide.

Seller LeverageFavors sellers

Homes selling at 99.41% of asking — buyers are negotiating 0.6% below list. California average is 99.4%.

Bidding ActivityNeutral

20% of homes selling above list price — 33% below the California average of 29.7%.

Sale SpeedNeutral

56 median days on market — 1 days slower than the California average.

Market UrgencyNeutral

30.77% of listings go pending within 2 weeks — vs. 37.1% statewide.

Price StabilityFavors sellers

Only 0% of listings have dropped their price — sellers are holding firm. California average is 20.8%.

Score based on 7 real-time market signals. Updated with latest available data.

How it works →

Median Sale Price

$1,407,000

-1%

Days on Market

56

Price per Sq Ft

$852

Sale-to-List Ratio

99.41%

Homes Sold

10

Sold Above List

20%

Pending in 2 Weeks

30.77%

Source: public market records

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Personalized pricing signals, demand shifts, and Sell Score changes for Santa Monica — delivered monthly.

Your savings

How much can you save selling in Pico?

$0Estimated savings

That's a new car — paid in full — save 2.8% of your home value

$1,407,000

$50,000$10M

Traditional Agent (3%)

$42,210

Ridley Pro (flat fee)

$3,499

Ready to sell in Pico?

Get a personalized selling strategy with AI-powered pricing analysis

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Cost comparison

Cost to sell in Pico

Traditional AgentBest valueRidley ProRidley Essentials
Listing fee$42,210$3,499$999
Buyer agent$39,3962.8% avg$28,140~2% avg$28,140~2% avg
Closing costs (~1.5%)$21,105$21,105$21,105
Total cost$102,711$52,744$50,244
You save$38,711$41,211

Based on the Pico median home price of $1,407,000. Ridley buyer agent commission reflects the average ~2% BAC offered by Ridley sellers.

How to sell your house and save on commission in Pico

A flat fee of $3,499 instead of the typical $42,210 commission — with a dedicated agent at every step.

1

AI + expert price your home

AI-powered comps reviewed by your dedicated agent — using Pico market data so you list at the right price.

2

AI prepares your home

AI walk-through identifies what to fix, stage, and photograph. Your agent advises on what actually moves the needle.

3

Listed on MLS & 100+ sites

Professional listing syndicated to Zillow, Redfin, and everywhere Pico buyers look — plus a custom Ridley listing page with AI chat.

4

Your agent negotiates

Offer comparison, counteroffer strategy, and all back-and-forth with buyers' agents — handled by your dedicated agent.

5

Close and keep $38,711 more

Contracts, disclosures, deadline tracking, and closing coordination — from accepted offer to keys.

FAQ

Common questions about selling in Pico

Ready to sell in Pico?

Save $38,711

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