$10,000 Closing Credit*
$850,000
658 SqFt
2 Beds
•1 Full Bath
Lindsey Harn, Listing Office: Christie's International Real Estate Sereno
Is 93401, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 93401 has remained a Seller's Market.
Key Takeaway
93401 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 93401, CA
How much do homes in 93401, CA cost?
Median Sold Price
$1,065,306
$637/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$121,175(+12.8%)
Key Takeaway
Homes in 93401 have sold for 12.8% more than they did a year ago.
Summary: The median home sold price in 93401 was $1,065,306 in October 2024, up 12.8% from last year, and the median price per square foot was $637.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $315K | $622.5K | +97.6% |
| 2 Bedrooms | $674.9K | $763.2K | +13.1% |
| 3 Bedrooms | $991.2K | $1.0M | +10.5% |
| 4 Bedrooms | $1.4M | $1.5M | +5.7% |
| 5+ Bedrooms | $1.8M | $1.6M | -10.9% |
Summary: 93401 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 97.6%, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes decreased by 10.9%.
Housing Supply in 93401, CA
How many homes are available in 93401, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 95 | 84 | -11.6% |
Summary: The 93401 real estate market had 84 homes for sale in October 2024, a 11.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 21 | 17 | -19.0% |
| 3 Bedrooms | 43 | 40 | -7.0% |
| 4 Bedrooms | 26 | 22 | -15.4% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 93401 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 19%, 3 bedroom homes decreased by 7%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 24 | 0.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 93401, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in 93401 in October 2024, the same as the previous month. Of the 24 sold homes, 42% were sold under asking, 21% were sold at asking, and 38% were sold over asking.
Days on Market for 93401, CA
How long does it take to sell a home in 93401, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 26 Days | +21.7% |
Summary: Homes in 93401 had an average of 26 days on market in Oct 2024, up by 21.7% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 93401 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 24 homes were sold in 93401; 71% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by other are marked with the “MLS” logo and detailed information about them includes the name of the listing brokers. Based on information from the Santa Barbara MLS. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Displays of minimal information (e.g., “thumbnails”, text messages, “tweets”, etc., of two hundred [200] characters or less) are exempt from this requirement but only when linked directly to a display that includes all required disclosures. Audio delivery of listing content is exempt from this disclosure requirement only when all required disclosures are subsequently delivered electronically to the registered consumer performing the property search or linked to through the device’s application. Copyright 2024 Santa Barbara Multiple Listing Service. All rights reserved.