Is Santa Barbara, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$2,195,208
$1,307/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Santa Barbara was $2,195,208 in April 2024, up 15.3% from last year, and the median price per square foot was $1,307.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $825K | $805.9K | -2.3% |
2 Bedrooms | $1.3M | $1.3M | +2.3% |
3 Bedrooms | $1.8M | $2.1M | +15.8% |
4 Bedrooms | $2.5M | $2.9M | +12.6% |
5+ Bedrooms | $4.9M | $4.4M | -10.5% |
Summary: Santa Barbara housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.3%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes decreased by 10.5%.
Median Sold Price Compared To Nearby Cities
Santa Barbara | $1.9M | $2.1M | +15.3% |
Goleta | $1.2M | $1.2M | +2.4% |
Housing Supply in Santa Barbara, CA
How many homes are available in Santa Barbara, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
313 | 351 | +12.1% |
Summary: The Santa Barbara real estate market had 351 homes for sale in April 2024, a 12.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 11 | +10.0% |
2 Bedrooms | 50 | 56 | +12.0% |
3 Bedrooms | 109 | 123 | +12.8% |
4 Bedrooms | 88 | 99 | +12.5% |
5+ Bedrooms | 56 | 62 | +10.7% |
Summary: The Santa Barbara housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 10.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
83 | 94 | +13.3% |
Asking Price vs. Sold Price
55 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Summary: A total of 94 homes were sold or pending in Santa Barbara in April 2024, up by 13.3% month-over-month. Of the 94 sold homes, 59% were sold under asking, 12% were sold at asking, and 30% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 33 Days | +24.7% |
Summary: Homes in Santa Barbara had an average of 33 days on market in Apr 2024, up by 24.7% compared to last year.
Breakdown of Home Sale Times
66 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During April 2024, 94 homes were sold in Santa Barbara; 70% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.