Is Santa Barbara, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Santa Barbara has remained a Seller's Market.
Housing Prices in Santa Barbara, CA
How much do homes in Santa Barbara, CA cost?
Median Sold Price
$2,168,495
$1,285/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Santa Barbara was $2,168,495 in June 2024, up 11.2% from last year, and the median price per square foot was $1,285.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $785K | $850K | +8.3% |
2 Bedrooms | $1.3M | $1.3M | 0.5% |
3 Bedrooms | $1.9M | $2.1M | +13.2% |
4 Bedrooms | $2.6M | $2.8M | +9.6% |
5+ Bedrooms | $5.0M | $4.5M | -9.5% |
Summary: Santa Barbara housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 0.5%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes decreased by 9.5%.
Median Sold Price Compared To Nearby Cities
Santa Barbara | $1.9M | $2.1M | +11.2% |
Goleta | $1.1M | $1.3M | +9.0% |
Housing Supply in Santa Barbara, CA
How many homes are available in Santa Barbara, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
364 | 375 | +3.0% |
Summary: The Santa Barbara real estate market had 375 homes for sale in June 2024, a 3.0% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 8 | -11.1% |
2 Bedrooms | 57 | 57 | 0.0% |
3 Bedrooms | 126 | 126 | 0.0% |
4 Bedrooms | 114 | 126 | +10.5% |
5+ Bedrooms | 58 | 58 | 0.0% |
Summary: The Santa Barbara housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
91 | 90 | -1.1% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Summary: A total of 90 homes were sold or pending in Santa Barbara in June 2024, down by 1.1% month-over-month. Of the 90 sold homes, 47% were sold under asking, 20% were sold at asking, and 33% were sold over asking.
Days on Market for Santa Barbara, CA
How long does it take to sell a home in Santa Barbara, CA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
22 Days | 30 Days | +34.1% |
Summary: Homes in Santa Barbara had an average of 30 days on market in Jun 2024, up by 34.1% compared to last year.
Breakdown of Home Sale Times
68 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During June 2024, 90 homes were sold in Santa Barbara; 76% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.