Is Santa Barbara County, 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 County has remained a Seller's Market.
Housing Prices in Santa Barbara County, CA
How much do homes in Santa Barbara County, CA cost?
Median Sold Price
$1,256,464
$497/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Santa Barbara County was $1,256,464 in April 2024, up 17.5% from last year, and the median price per square foot was $497.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $765K | $740K | -3.3% |
2 Bedrooms | $904.2K | $925K | +2.3% |
3 Bedrooms | $1.0M | $1.2M | +21.3% |
4 Bedrooms | $1.3M | $1.4M | +12.3% |
5+ Bedrooms | $2.0M | $3.1M | +50.7% |
Summary: Santa Barbara County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.3%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 21.3%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 50.7%.
Median Sold Price Compared To Nearby Counties
Santa Barbara County | $1.0M | $1.2M | +17.5% |
Ventura County | $805.1K | $850.1K | +5.6% |
Kern County | $350.1K | $359.6K | +2.7% |
San Luis Obispo County | $837K | $849.7K | +1.5% |
Housing Supply in Santa Barbara County, CA
How many homes are available in Santa Barbara County, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
682 | 770 | +12.9% |
Summary: The Santa Barbara County real estate market had 770 homes for sale in April 2024, a 12.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 25 | 23 | -8.0% |
2 Bedrooms | 98 | 110 | +12.2% |
3 Bedrooms | 287 | 329 | +14.6% |
4 Bedrooms | 174 | 194 | +11.5% |
5+ Bedrooms | 98 | 114 | +16.3% |
Summary: The Santa Barbara County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 8%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 16.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
159 | 178 | +11.9% |
Asking Price vs. Sold Price
80 Homes Were Sold
Under Asking
33 Homes Were Sold
At Asking
65 Homes Were Sold
Over Asking
Summary: A total of 178 homes were sold or pending in Santa Barbara County in April 2024, up by 11.9% month-over-month. Of the 178 sold homes, 45% were sold under asking, 19% were sold at asking, and 37% were sold over asking.
Days on Market for Santa Barbara County, CA
How long does it take to sell a home in Santa Barbara County, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
27 Days | 34 Days | +28.4% |
Summary: Homes in Santa Barbara County had an average of 34 days on market in Apr 2024, up by 28.4% compared to last year.
Breakdown of Home Sale Times
129 Homes Were Sold
Under 30 Days
25 Homes Were Sold
In 30 - 90 Days
24 Homes Were Sold
Over 90 Days
Summary: During April 2024, 178 homes were sold in Santa Barbara County; 72% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.