Is Santa Maria, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
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.
Housing Prices in Santa Maria, CA
How much do homes in Santa Maria, CA cost?
Median Sold Price
$645,000
$371/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Santa Maria have sold for 15.2% more than they did a year ago.
Summary: The median home sold price in Santa Maria was $645,000 in March 2024, up 15.2% from last year, and the median price per square foot was $371.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $279K | $288K | +3.2% |
| 2 Bedrooms | $439.5K | $455K | +3.5% |
| 3 Bedrooms | $550K | $618.6K | +12.5% |
| 4 Bedrooms | $634.9K | $715K | +12.6% |
| 5+ Bedrooms | $710.5K | $790.1K | +11.2% |
Summary: Santa Maria housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.2%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes increased by 11.2%.
Housing Supply in Santa Maria, CA
How many homes are available in Santa Maria, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 132 | 126 | -4.5% |
Summary: The Santa Maria real estate market had 126 homes for sale in March 2024, a 4.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 14 | 18 | +28.6% |
| 3 Bedrooms | 72 | 71 | -1.4% |
| 4 Bedrooms | 37 | 30 | -18.9% |
| 5+ Bedrooms | 9 | 6 | -33.3% |
Summary: The Santa Maria housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 28.6%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 18.9%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 46 | 44 | -4.3% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Santa Maria, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.
Summary: A total of 44 homes were sold or pending in Santa Maria in March 2024, down by 4.3% month-over-month. Of the 44 sold homes, 30% were sold under asking, 25% were sold at asking, and 45% were sold over asking.
Days on Market for Santa Maria, CA
How long does it take to sell a home in Santa Maria, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 35 Days | 26 Days | -26.2% |
Summary: Homes in Santa Maria had an average of 26 days on market in Mar 2024, down by 26.2% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Santa Maria are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 44 homes were sold in Santa Maria; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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