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 October 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

$1,255,000

$834/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$18,000(+1.5%)

Key Takeaway

Homes in Goleta have sold for 1.5% more than they did a year ago.

Summary: The median home sold price in Goleta was $1,255,000 in October 2024, up 1.5% from last year, and the median price per square foot was $834.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $590K$577.5K
-2.1%
2 $735K$773.1K
+5.2%
3 $1.2M$1.3M
+7.1%
4 $1.4M$1.6M
+10.3%
5+ $1.7M$1.7M
-2.4%

Summary: Goleta housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.1%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes decreased by 2.4%.

Median Sold Price Compared To Nearby Cities

Goleta
+1.5%
Santa Barbara
+1.4%

Housing Supply in Goleta, CA

How many homes are available in Goleta, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5667+19.6%

Summary: The Goleta real estate market had 67 homes for sale in October 2024, a 19.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 26
+200.0%
2 2123
+9.5%
3 1821
+16.7%
4 1313
0.0%
5+ 24
+100.0%

Summary: The Goleta housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1514-6.7%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 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. 57.1% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Goleta in October 2024, down by 6.7% month-over-month. Of the 14 sold homes, 57% were sold under asking, 21% were sold at asking, and 21% 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

Oct 2023Oct 2024CHANGE
53 Days32 Days-40.1%

Summary: Homes in Goleta had an average of 32 days on market in Oct 2024, down by 40.1% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 October 2024, 14 homes were sold in Goleta; 64% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 7% 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 16 Days Ago

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