Is Santa Maria, 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 Maria has remained a Seller's Market.
Housing Prices in Santa Maria, CA
How much do homes in Santa Maria, CA cost?
Median Sold Price
$645,000
$374/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Santa Maria was $645,000 in April 2024, up 14.2% from last year, and the median price per square foot was $374.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $279K | $288K | +3.2% |
2 Bedrooms | $415.5K | $460K | +10.7% |
3 Bedrooms | $550.6K | $620K | +12.6% |
4 Bedrooms | $644.5K | $727.5K | +12.9% |
5+ Bedrooms | $710.5K | $790.1K | +11.2% |
Summary: Santa Maria housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.2%, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 12.9%, 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
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
136 | 152 | +11.8% |
Summary: The Santa Maria real estate market had 152 homes for sale in April 2024, a 11.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 19 | 21 | +10.5% |
3 Bedrooms | 80 | 86 | +7.5% |
4 Bedrooms | 30 | 35 | +16.7% |
5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Santa Maria housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
44 | 39 | -11.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 39 homes were sold or pending in Santa Maria in April 2024, down by 11.4% month-over-month. Of the 39 sold homes, 23% were sold under asking, 21% were sold at asking, and 56% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
20 Days | 26 Days | +28.3% |
Summary: Homes in Santa Maria had an average of 26 days on market in Apr 2024, up by 28.3% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 39 homes were sold in Santa Maria; 87% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.