Is Santa Maria, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Santa Maria is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Santa Maria has remained a Seller's Market.

Key Takeaway

Santa Maria is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Santa Maria, CA

How much do homes in Santa Maria, CA cost?

Median Sold Price

$648,535

$376/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$79,235(+13.9%)

Key Takeaway

Homes in Santa Maria have sold for 13.9% more than they did a year ago.

Summary: The median home sold price in Santa Maria was $648,535 in May 2024, up 13.9% from last year, and the median price per square foot was $376.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $279K$293K
+5.0%
2 $418K$445K
+6.5%
3 $551K$623K
+13.1%
4 $650K$730K
+12.3%
5+ $705K$780.3K
+10.7%

Summary: Santa Maria housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 10.7%.

Housing Supply in Santa Maria, CA

How many homes are available in Santa Maria, CA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
155169+9.0%

Summary: The Santa Maria real estate market had 169 homes for sale in May 2024, a 9.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 22
0.0%
2 2116
-23.8%
3 8894
+6.8%
4 3546
+31.4%
5+ 911
+22.2%

Summary: The Santa Maria housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 23.8%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 31.4%, and 5+ bedroom homes increased by 22.2%.

Number of Homes Sold

Apr 2024May 2024CHANGE
4147+14.6%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

27 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Santa Maria, you could pay more than the asking price. 57.4% of homes here sold above asking price last month.

Summary: A total of 47 homes were sold or pending in Santa Maria in May 2024, up by 14.6% month-over-month. Of the 47 sold homes, 21% were sold under asking, 21% were sold at asking, and 57% 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

May 2023May 2024CHANGE
49 Days24 Days-50.0%

Summary: Homes in Santa Maria had an average of 24 days on market in May 2024, down by 50% compared to last year.

Breakdown of Home Sale Times

35 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Santa Maria are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 47 homes were sold in Santa Maria; 74% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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