Market Report
Santa Barbara, CA 93108
Single-Family Homes
Chartwell Escrow
Santa Barbara, CA 93108
Fri Apr 26 2024
This week the median list price for Santa Barbara, CA 93108 is $6,900,000 with the market action index hovering around 32. This is less than last month's market action index of 33. Inventory has increased to 49.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Real-Time Market Profile
| Median List Price | $6,900,000 | |
| Median Price of New Listings | $5,975,000 | |
| Per Square Foot | $2,152 | |
| Average Days on Market | 104 | |
| Median Days on Market | 70 | |
| Price Decreased | 27% | |
| Price Increased | 0% | |
| Relisted | 20% | |
| Inventory | 49 | |
| Median Rent | ||
| Market Action | 32 | |
| Slight Seller's Advantage | ||
Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly move from these levels.
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 |
|---|---|---|---|---|---|---|---|---|
| $16,000,000 | 6,412 | 1 - 2.5 acres | 5 | 6.5 | 28 | 1 | 0 | 84 |
| $8,995,000 | 4,085 | 1 - 2.5 acres | 4 | 4.8 | 46 | 1 | 2 | 42 |
| $6,312,500 | 2,797 | 0.5 - 1 acre | 4 | 3.5 | 56 | 1 | 0 | 66 |
| $4,100,000 | 2,864 | 1 - 2.5 acres | 4 | 4 | 45 | 3 | 2 | 154 |