Your Local Market Report

Santa Barbara, CA

Single-Family Homes



Santa Barbara, CA

Fri Mar 29 2024
This week the median list price for Santa Barbara, CA is $3,995,000 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has increased to 130. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Santa Barbara, CA

Fri Mar 29 2024
This week the median list price for Santa Barbara, CA is $3,995,000 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has increased to 130. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Santa Barbara market.
Median List Price $3,995,000
Median Price of New Listings $2,495,000
Per Square Foot $1,418
Average Days on Market 125
Median Days on Market 63
Price Decreased 28%
Price Increased 1%
Relisted 20%
Inventory 130
Median Rent
Market Action 37
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$12,850,000 5,552 1 - 2.5 acres 5 5.8 47 3 0 105
$5,250,000 3,438 0.5 - 1 acre 4 4 64 2 1 119
$3,200,000 2,757 0.25 - 0.5 acre 4 3 62 6 4 35
$1,790,000 1,645 6,500 - 8,000 sqft 3 2 66 8 9 63