Home prices in Santa Barbara continue to fluctuate, presenting a mixed picture for buyers and sellers. While the median listing home price currently averages around $2.6 million, data from Zillow indicates that home values have increased overall by 7.2% over the past year. This rise, however, comes with neighborhood variations in values. Prime neighborhoods with homes in excellent condition, priced realistically, are moving. Homebuyers taking part in this market should brace themselves for possible bidding wars, particularly in the better neighborhoods. August sales in 2024 were up from the same time in 2023.

SOUTH SANTA BARBARA REAL ESTATE MARKET TRENDS AUGUST 2024

SINGLE-FAMILY DETACHED HOME SALES AUGUST 2024

CONDOMINIUMS, TOWNHOMES, AND PUDs (Planned Urban Development Homes)