Market Report

Santa Barbara, CA

Single-Family Homes

Chartwell Escrow



Santa Barbara, CA

Tue Jul 16 2024
This week the median list price for Santa Barbara, CA is $3,995,000 with the market action index hovering around 39. This is less than last month's market action index of 40. Inventory has increased to 183. Click here to stay informed with the Santa Barbara market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Santa Barbara, CA

Tue Jul 16 2024
This week the median list price for Santa Barbara, CA is $3,995,000 with the market action index hovering around 39. This is less than last month's market action index of 40. Inventory has increased to 183. Click here to stay informed with the Santa Barbara market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Santa Barbara market.
Median List Price $3,995,000
Median Price of New Listings $2,595,000
Per Square Foot $1,572
Average Days on Market 97
Median Days on Market 56
Price Decreased 39%
Price Increased 0%
Relisted 10%
Inventory 183
Median Rent
Market Action 39
Slight Seller's Advantage

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$12,900,000 5,633 1 - 2.5 acres 4 6 41 5 4 63
$5,737,500 3,216 1 - 2.5 acres 4 4 52 5 3 80
$3,360,000 2,514 0.25 - 0.5 acre 4 3 51 7 4 56
$1,797,000 1,455 6,500 - 8,000 sqft 3 2 75 12 9 35