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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Santa Maria is a seller's market

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

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

How much do homes in Santa Maria, CA cost?

Median Sold Price

$550,000

$337/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$45,000(+8.9%)

Key Takeaway

Homes in Santa Maria have sold for 8.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $230K$270K
+17.4%
2 $398K$391.5K
-1.6%
3 $490K$545K
+11.2%
4 $557.5K$615K
+10.3%
5+ $605K$690K
+14.0%

How many homes are available in Santa Maria, CA?

Number of Homes For Sale

Oct 2022Nov 2022%
9890-8.2%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 02
+100.0%
2 1915
-21.1%
3 5041
-18.0%
4 2426
+8.3%
5+ 56
+20.0%

Number of Homes Sold

Oct 2022Nov 2022%
25250.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Santa Maria, you may be able to get a good deal. 44% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
13 Days36 Days+168.2%

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Santa Maria 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 Maria, CA

Number of homes for sale in Santa Maria, CA real estate market have reached 90. In November 2022 in Santa Maria, CA there were 8.2% less homes for sale than in October 2022. While the average time on the market in November 2022 was 36 days, the median list price was $550,000. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 17.4%, 2 bedrooms properties prices decreased by 1.6%, prices of 3 bedrooms properties went up by 11.2%, prices of 4 bedrooms properties went up by 10.3%, prices of 5 bedrooms properties increased by 14%. This housing market inventory have changed: volume of 1 bedroom homes went up by 100%, the quantity of 2 bedrooms homes went down by 21.1%, 3 bedrooms homes became 18% less available, volume of 4 bedrooms homes went up by 8.3%, volume of 5 bedrooms homes went up by 20%. Santa Maria, CA housing market in November 2022 saw over 10 listings sold above listed price, more than 4 sold at listed price and over 11 sold below.