$10,000 Closing Credit*
$1,949,900
4 Beds
•3 Full Baths, 1 Partial
The Epstein Partners, Steve Epstein, Listing Office: Keller Williams Realty Santa Barbara
Is Goleta South, 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, 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
$1,036,250
$793/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$156,250(-13.1%)
Key Takeaway
Homes in Goleta South have sold for 13.1% less than they did a year ago.
Summary: The median home sold price in Goleta South was $1,036,250 in October 2024, down 13.1% from last year, and the median price per square foot was $793.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $578K | $565K | -2.2% |
| 2 Bedrooms | $797K | $787.5K | -1.2% |
| 3 Bedrooms | $1.2M | $1.2M | -0.4% |
| 4 Bedrooms | $1.4M | $1.4M | +5.5% |
| 5+ Bedrooms | - | $1.7M | N/A |
Summary: Goleta South housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.2%, 2 bedroom homes decreased by 1.2%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Goleta North | $1.3M | $1.4M | +7.2% |
| Noleta | $1.3M | $1.4M | +6.9% |
| Goleta South | $1.1M | $1.0M | -13.1% |
Housing Supply in Goleta South, CA
How many homes are available in Goleta South, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 19 | -5.0% |
Summary: The Goleta South real estate market had 19 homes for sale in October 2024, a 5.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 4 | +300.0% |
| 2 Bedrooms | 10 | 8 | -20.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Goleta South housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 300%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Goleta South, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Goleta South in October 2024, down by 42.9% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 38 Days | 20 Days | -46.1% |
Summary: Homes in Goleta South had an average of 20 days on market in Oct 2024, down by 46.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Goleta South are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Goleta South; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
