Is Santa Maria, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Santa Maria has remained a Seller's Market.
Housing Prices in Santa Maria, CA
How much do homes in Santa Maria, CA cost?
Median Sold Price
$648,535
$376/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Santa Maria was $648,535 in May 2024, up 13.9% from last year, and the median price per square foot was $376.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $279K | $293K | +5.0% |
2 Bedrooms | $418K | $445K | +6.5% |
3 Bedrooms | $551K | $623K | +13.1% |
4 Bedrooms | $650K | $730K | +12.3% |
5+ Bedrooms | $705K | $780.3K | +10.7% |
Summary: Santa Maria housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 10.7%.
Housing Supply in Santa Maria, CA
How many homes are available in Santa Maria, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
155 | 169 | +9.0% |
Summary: The Santa Maria real estate market had 169 homes for sale in May 2024, a 9.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 21 | 16 | -23.8% |
3 Bedrooms | 88 | 94 | +6.8% |
4 Bedrooms | 35 | 46 | +31.4% |
5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The Santa Maria housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 23.8%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 31.4%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
41 | 47 | +14.6% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Summary: A total of 47 homes were sold or pending in Santa Maria in May 2024, up by 14.6% month-over-month. Of the 47 sold homes, 21% were sold under asking, 21% were sold at asking, and 57% were sold over asking.
Days on Market for Santa Maria, CA
How long does it take to sell a home in Santa Maria, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
49 Days | 24 Days | -50.0% |
Summary: Homes in Santa Maria had an average of 24 days on market in May 2024, down by 50% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 47 homes were sold in Santa Maria; 74% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.