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 April 2023

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.

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

+$187,130(+17.5%)

Key Takeaway

Homes in Santa Barbara County have sold for 17.5% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $765K$740K
-3.3%
2 $904.2K$925K
+2.3%
3 $1.0M$1.2M
+21.3%
4 $1.3M$1.4M
+12.3%
5+ $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
+17.5%
Ventura County
+5.6%
Kern County
+2.7%
San Luis Obispo County
+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 2024Apr 2024CHANGE
682770+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

# BEDSMar 2024Apr 2024CHANGE
1 2523
-8.0%
2 98110
+12.2%
3 287329
+14.6%
4 174194
+11.5%
5+ 98114
+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 2024Apr 2024CHANGE
159178+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

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. 44.9% of homes here sold below asking price last month.

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 2023Apr 2024CHANGE
27 Days34 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 1 Day Ago

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