Is Santa Barbara County, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Santa Barbara County is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Santa Barbara County has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Santa Barbara County, CA

How much do homes in Santa Barbara County, CA cost?

Median Sold Price

$1,249,160

$495/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$97,160(+8.4%)

Key Takeaway

Homes in Santa Barbara County have sold for 8.4% more than they did a year ago.

Summary: The median home sold price in Santa Barbara County was $1,249,160 in November 2024, up 8.4% from last year, and the median price per square foot was $495.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $757.5K$714K
-5.7%
2 $878K$965.4K
+10.0%
3 $1.1M$1.1M
-3.8%
4 $1.4M$1.5M
+8.8%
5+ $3.1M$3.0M
-4.1%

Summary: Santa Barbara County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.7%, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes decreased by 4.1%.

Median Sold Price Compared To Nearby Counties

Santa Barbara County
+8.4%
Ventura County
+5.4%
San Luis Obispo County
+5.1%
Kern County
+1.0%

Housing Supply in Santa Barbara County, CA

How many homes are available in Santa Barbara County, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
823772-6.2%

Summary: The Santa Barbara County real estate market had 772 homes for sale in November 2024, a 6.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 2325
+8.7%
2 140136
-2.9%
3 331308
-6.9%
4 221193
-12.7%
5+ 108110
+1.9%

Summary: The Santa Barbara County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.7%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes decreased by 12.7%, and 5+ bedroom homes increased by 1.9%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
194149-23.2%

Asking Price vs. Sold Price

83 Homes Were Sold
Under Asking

22 Homes Were Sold
At Asking

44 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Santa Barbara County, you may be able to get a good deal. 55.7% of homes here sold below asking price last month.

Summary: A total of 149 homes were sold or pending in Santa Barbara County in November 2024, down by 23.2% month-over-month. Of the 149 sold homes, 56% were sold under asking, 15% were sold at asking, and 30% were sold over asking.

Days on Market for Santa Barbara County, CA

How long does it take to sell a home in Santa Barbara County, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
28 Days47 Days+66.7%

Summary: Homes in Santa Barbara County had an average of 47 days on market in Nov 2024, up by 66.7% compared to last year.

Breakdown of Home Sale Times

98 Homes Were Sold
Under 30 Days

31 Homes Were Sold
In 30 - 90 Days

20 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 149 homes were sold in Santa Barbara County; 66% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 13% 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

Newest Listings in Santa Barbara County, CA

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