Montecito, CA Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Montecito, CA is $4.37M, down 21.9% year-over-year. Homes sell in an average of 72 days with 49 active listings. The market is currently a buyer's market.
$4.37Mmedian sale price
Is Montecito a buyer's or seller's market?
Montecito, CA is currently a buyer's market, based on 6.1 months of supply and homes selling in about 72 days. How we determine this →
Homes sold
8
Last 12 weeks
Days on market
72
Average pace
Active listings
49
6.1 months supply
Sale-to-list
96.2%
Below asking
Montecito, CA market data
| Metric | Value |
|---|---|
| Median sale price | $4.37M |
| Median list price | $6.22M |
| Year-over-year price change | -21.9% |
| Average days on market | 72 days |
| Active inventory | 49 listings |
| Months of supply | 6.1 months |
| Sale-to-list price ratio | 96.2% |
| Market condition | Buyer's market |
Source: Redfin · Updated weekly
The Montecito housing market is currently classified as a buyer's market with a median sale price of $4.37M. Prices have fallen 21.9% compared to last year, with homes spending an average of 72 days on market, indicating 6.1 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in Montecito
There are currently 49 homes listed for sale in Montecito, California. The median listing price is $6.2M.
Active listings
49
Homes on market
Median list price
$6.2M
Avg. days on market
72
Days until sale
New this week
14
Newly listed
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Frequently asked questions
What is the average home price in Montecito?
The median home sale price in Montecito is $4.37M, down 21.9% from last year.
How long do homes stay on market in Montecito?
Homes typically spend 72 days on market before going under contract.
Is Montecito a buyer's or seller's market?
With 6.1 months of supply, Montecito is currently a buyer's market.
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