Is Goleta, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Goleta is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Goleta, CA

How much do homes in Goleta, CA cost?

Median Sold Price

$1,300,000

$840/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$50,000(+4.0%)

Key Takeaway

Homes in Goleta have sold for 4% more than they did a year ago.

Summary: The median home sold price in Goleta was $1,300,000 in November 2024, up 4% from last year, and the median price per square foot was $840.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $614.5K$577.5K
-6.0%
2 $733K$795K
+8.5%
3 $1.2M$1.3M
+6.7%
4 $1.5M$1.5M
+5.6%
5+ $1.8M$1.7M
-0.7%

Summary: Goleta housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 0.7%.

Median Sold Price Compared To Nearby Cities

Goleta
+4.0%
Santa Barbara
0.1%

Housing Supply in Goleta, CA

How many homes are available in Goleta, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6157-6.6%

Summary: The Goleta real estate market had 57 homes for sale in November 2024, a 6.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 67
+16.7%
2 2015
-25.0%
3 2018
-10.0%
4 1213
+8.3%
5+ 34
+33.3%

Summary: The Goleta housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
14140.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Goleta, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Goleta in November 2024, the same as the previous month. Of the 14 sold homes, 50% were sold under asking, 7% were sold at asking, and 43% were sold over asking.

Days on Market for Goleta, CA

How long does it take to sell a home in Goleta, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
17 Days12 Days-30.2%

Summary: Homes in Goleta had an average of 12 days on market in Nov 2024, down by 30.2% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 14 homes were sold in Goleta; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

Newest Listings in Goleta, CA

Nearby Markets to Goleta, CA