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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Goleta South is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Goleta South, CA

How much do homes in Goleta South, CA cost?

Median Sold Price

$1,067,500

$792/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$18,500(+1.8%)

Key Takeaway

Homes in Goleta South have sold for 1.8% more than they did a year ago.

Summary: The median home sold price in Goleta South was $1,067,500 in September 2024, up 1.8% from last year, and the median price per square foot was $792.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $585K$565K
-3.4%
2 $800K$787.5K
-1.6%
3 $1.1M$1.2M
+7.5%
4 $1.3M$1.5M
+11.6%
5+ -$1.7M
N/A

Summary: Goleta South housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.4%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Goleta North
+12.1%
Noleta
+7.4%
Goleta South
+1.8%

Housing Supply in Goleta South, CA

How many homes are available in Goleta South, CA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2722-18.5%

Summary: The Goleta South real estate market had 22 homes for sale in September 2024, a 18.5% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 42
-50.0%
2 1210
-16.7%
3 66
0.0%
4 44
0.0%
5+ 10
-100.0%

Summary: The Goleta South housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
96-33.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Goleta South, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Goleta South in September 2024, down by 33.3% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Goleta South, CA

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

Average Sale Time

Sep 2023Sep 2024CHANGE
17 Days12 Days-28.6%

Summary: Homes in Goleta South had an average of 12 days on market in Sep 2024, down by 28.6% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

0 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 South are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 6 homes were sold in Goleta South; 100% of homes were sold within 30 days, 0% 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

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