$9,350,000
4 Beds
•4 Full Baths, 1 Partial
Marsha Kotlyar Estate Group, Listing Office: Berkshire Hathaway HomeServices California Properties
November 2024
Report Updated 20 Days Ago
Is Montecito, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Montecito was a Seller's Market.
How much do homes in Montecito, CA cost?
$5,535,000
$1,770/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
Summary: The median home sold price in Montecito was $5,535,000 in November 2024, up 5.4% from last year, and the median price per square foot was $1,770.
# BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $2.6M | N/A |
2 Bedrooms | $3.2M | $3.5M | +7.7% |
3 Bedrooms | $4.4M | $4.6M | +4.7% |
4 Bedrooms | $5.3M | $5.4M | +3.4% |
5+ Bedrooms | $8.8M | $8.4M | -4.4% |
Summary: Montecito housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 4.4%.
Lower Village Montecito | $5.3M | $5.6M | +5.7% |
Montecito | $5.2M | $5.5M | +5.4% |
How many homes are available in Montecito, CA?
Oct 2024 | Nov 2024 | CHANGE |
---|---|---|
106 | 104 | -1.9% |
Summary: The Montecito real estate market had 104 homes for sale in November 2024, a 1.9% decrease compared to October 2024.
# BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 7 | 10 | +42.9% |
3 Bedrooms | 36 | 31 | -13.9% |
4 Bedrooms | 29 | 28 | -3.4% |
5+ Bedrooms | 31 | 32 | +3.2% |
Summary: The Montecito housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 42.9%, 3 bedroom homes decreased by 13.9%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 3.2%.
Oct 2024 | Nov 2024 | CHANGE |
---|---|---|
13 | 10 | -23.1% |
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Montecito in November 2024, down by 23.1% month-over-month. Of the 10 sold homes, 80% were sold under asking, 10% were sold at asking, and 10% were sold over asking.
How long does it take to sell a home in Montecito, CA?
Nov 2023 | Nov 2024 | CHANGE |
---|---|---|
30 Days | 94 Days | +213.7% |
Summary: Homes in Montecito had an average of 94 days on market in Nov 2024, up by 213.7% compared to last year.
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During November 2024, 10 homes were sold in Montecito; 50% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 30% 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 20 Days Ago
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Based on information from Santa Barbara MLS, and California Regional MLS for the period 12/01/2022 - 12/01/2024
The 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 2024 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: 12/21/2024, 12:21:06 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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: 12/21/2024, 12:21:01 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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