Is Santa Barbara County, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Santa Barbara County is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Santa Barbara County has remained a Seller's Market.

Key Takeaway

Santa Barbara County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Santa Barbara County, CA cost?

Median Sold Price

$618,570

$370/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$54,605(+9.7%)

Key Takeaway

Homes in Santa Barbara County have sold for 9.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $382.5K$649.5K
+69.8%
2 $450.6K$485K
+7.6%
3 $528.5K$582K
+10.1%
4 $656.3K$689K
+5.0%
5+ $1.1M$797K
-32.9%

Median Sold Price Compared To Nearby Counties

San Luis Obispo County
+14.2%
Ventura County
+9.8%
Santa Barbara County
+9.7%

How many homes are available in Santa Barbara County, CA?

Number of Homes For Sale

Oct 2022Nov 2022%
331302-8.8%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 79
+28.6%
2 4542
-6.7%
3 144122
-15.3%
4 10095
-5.0%
5+ 3534
-2.9%

Number of Homes Sold

Oct 2022Nov 2022%
7867-14.1%

Asking Price vs. Sold Price

36 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Santa Barbara County, you may be able to get a good deal. 53.7% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
23 Days43 Days+86.5%

Breakdown of Home Sale Times

39 Homes Were Sold
Under 30 Days

19 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Santa Barbara County are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Santa Barbara County, CA

Number of homes for sale in Santa Barbara County, CA real estate market have reached 302. In November 2022 in Santa Barbara County, CA there were 8.8% less homes for sale than in October 2022. In November 2022 median list price was $618,570 and the average listing age was 43 days. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 69.8%, 2 bedrooms properties became 7.6% more expensive, prices of 3 bedrooms properties increased by 10.1%, the cost of 4 bedrooms properties went up by 5%, the cost of 5 bedrooms properties went down by 32.9%. Volume of homes for sale changed: the quantity of 1 bedroom homes went up by 28.6%, volume of 2 bedrooms homes went down by 6.7%, 3 bedrooms homes became 15.3% less available, number of 4 bedrooms homes decreased by 5%, 5 bedrooms homes inventory decreased by 2.9%. Over 15 listings were sold over their listed price in November 2022 in Santa Barbara County, CA. In the same period over 36 listings were sold below the listed price and 16 listings were sold for the listed price.

Related Housing Market Reports