Your Local Market Report

Santa Barbara, CA

Condos/Townhomes


Santa Barbara, CA

Mon Feb 03 2025
This week the median list price for Santa Barbara, CA is $1,495,000 with the market action index hovering around 44. This is less than last month's market action index of 48. Inventory has increased to 36. 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

Market Narrative

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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

Mon Feb 03 2025
This week the median list price for Santa Barbara, CA is $1,495,000 with the market action index hovering around 44. This is less than last month's market action index of 48. Inventory has increased to 36. 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

Market Narrative

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $1,495,000
Median Price of New Listings $1,095,000
Per Square Foot $1,248
Average Days on Market 58
Median Days on Market 28
Price Decreased 22%
Price Increased 0%
Relisted 17%
Inventory 36
Median Rent
Market Action 44
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
$4,995,000 2,068 0 - 4,500 sqft 2 2 51 1 0 14
$1,655,000 1,668 0 - 4,500 sqft 2 2 34 1 4 63
$1,300,000 1,351 0 - 4,500 sqft 2 2 46 0 1 21
$895,000 1,091 0 - 4,500 sqft 2 2 54 3 2 35