Montecito Housing Market Report February 2025Santa Barbara County, California

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Housing Prices in Montecito, CA

How much do homes in Montecito, CA cost?

Housing Market Conditions

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

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Montecito is a Seller's Market

Difference Since February 2024

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

Insight

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

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$5,500,000$1,777/SqFt
+$204,000
+3.9%

Based on all homes sold in the last 12 months

Insight

Homes in Montecito have sold for 3.9% more than they did a year ago.

Summary: The median home sold price in Montecito was $5,500,000 in February 2025, up 3.9% from last year, and the median price per square foot was $1,777.

Median Sold Price By Neighborhoods

Median Sold Price By Neighborhoods
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Upper Village Montecito
+84.8%
Montecito
+3.9%
Lower Village Montecito
-1.7%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1-$1.8M
N/A
2$3.3M$3.0M
-9.7%
3$4.5M$4.7M
+4.0%
4$5.4M$5.5M
+0.7%
5$7.9M$8.9M
+11.9%

Summary: Montecito housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -9.7%. The home price for 3 bedroom homes increased by +4.0%. The home price for 4 bedroom homes increased by +0.7%. The home price for 5 bedroom homes increased by +11.9%.

How does Montecito, CA compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Montecito, CA

Housing supply in Montecito, CA

How many homes are available in Montecito, CA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
87Last MonthFeb 2025
882 months agoJan 2025
-1.1 %
Change MoMJan – Feb

Summary: The Montecito real estate market had 87 homes for sale in Feb 2025, a 1.1 % decrease compared to Jan 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
16Last MonthFeb 2025
212 months agoJan 2025
-23.8 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
32525
0.0%
42424
0.0%
52324
+4.3%
120
-100.0%
21414
0.0%

Summary: Montecito housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes increased by +4.3%. The inventory for 1 bedroom homes decreased by -100.0%. The inventory for 2 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Montecito, CA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price7 Homes

At Asking Price1 Home

Under Asking Price8 Homes

Insight

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

Summary: A total of 16 homes were sold or pending in Montecito in February 2025, down by 23.8% month-over-month. Of the 16 sold homes, 50% were sold under asking, 6% were sold at asking, and and 44% were sold over asking.

Days on Market for Montecito, CA

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

Breakdown of Home Sale Times

Under 30 Days10 Homes

30 – 90 Days3 Homes

Over 90 Days3 Homes

Insight

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

Summary: During February 2025, 16 homes were sold in Montecito; 63% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
44 DaysThis YearFeb 2025
80 Days1 year agoFeb 2024
-45.5 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in Montecito had an average listing age of 44 days in Feb 2025, down by 45.5% compared to the previous year.

Newest Listings in Montecito, CA

What homes are available in Montecito, CA?

Nearby markets

Nearby markets aren't available for Montecito, CA

MLS Disclaimers and Copyright

Based on information from Santa Barbara MLS, and California Regional MLS for the period 03/01/2023 - 03/01/2025

IDXThe 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 2025 Santa Barbara Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/1/2025, 7:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX 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 information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/1/2025, 7:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.