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Featured local agent — Montecito, CA
Sarah Mitchell
Compass Real Estate · Montecito, CA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Montecito, CA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$5.70Mmedian sale price
How is the Montecito, CA housing market right now?
The median home sale price in Montecito, CA is $5.70M, down 22.6% year-over-year. Homes sell in an average of 89 days with 61 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Montecito a buyer's or seller's market?
Montecito, CA is currently a leaning buyer's, based on 4.7 months of supply and homes selling in about 89 days. How we determine this →
Homes sold
13
Last 12 weeks
Days on market
89
Average pace
Active listings
61
4.7 months supply
Sale-to-list
96.3%
Below asking
What does the Montecito housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $5.70M |
| Median list price | $6.34M |
| Year-over-year price change | -22.6% |
| Average days on market | 89 days |
| Active inventory | 61 listings |
| Months of supply | 4.7 months |
| Sale-to-list price ratio | 96.3% |
| Median price per sq ft | $1,853/sq ft |
| Homes sold (latest month) | 13 |
| New listings (latest month) | 16 |
| Listings with a price cut | 31.1% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Montecito by property type?
How the Montecito, CA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $5.70M | $1,853/sq ft | 11 | 73 days |
| Condo / Co-op | $4.47M | — | 2 | 246 days |
Source: Redfin · Updated monthly
The Montecito housing market is currently classified as a leaning buyer's with a median sale price of $5.70M. Prices have fallen 22.6% compared to last year, with homes spending an average of 89 days on market, indicating 4.7 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 25.2x provides context for how home values compare to local earning capacity.
Homes for sale in Montecito
There are currently 61 homes listed for sale in Montecito, California. The median listing price is $6.3M.
Active listings
61
Homes on market
Median list price
$6.3M
Avg. days on market
89
Days until sale
New this week
16
Newly listed
Who lives in Montecito?
Population
8,823
Median income
$222,966/yr
Median age
51.8 years
Owner-occupied
73.6%
College grads
74.9%
Avg commute
18.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Montecito?
Zillow home value
$5.62M
Zillow rent index
$21,544/mo
Price-to-rent ratio
21.7x
Price-to-income
25.2x
Source: Zillow Research
What is it like to live in Montecito?
Montecito is a community of approximately 9K residents with a median age of 51.8 years.The median household income is $222,966, which reflects a relatively affluent area with strong earning potential. 74.9% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 73.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 18.3 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Montecito offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Montecito, CA?
Want a head-to-head view? Compare Montecito side-by-side with any other U.S. city using our market-comparison tool.
Is Montecito a good real estate investment market?
For investors evaluating Montecito, the price-to-rent ratio of 21.7x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 22.6% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Montecito's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Montecito's median home price.
Frequently asked questions
What is the average home price in Montecito?
The median home sale price in Montecito is $5.70M, down 22.6% from last year.
How long do homes stay on market in Montecito?
Homes typically spend 89 days on market before going under contract.
What is the median income in Montecito?
The median household income is $222,966 per year.
Is Montecito a buyer's or seller's market?
With 4.7 months of supply, Montecito is currently a leaning buyer's.
What is the Zillow home value estimate for Montecito?
The Zillow Home Value Index (ZHVI) for Montecito is $5.62M, representing the typical home value in the area.
What is the median condo price in Montecito?
The median condo/co-op sale price in Montecito, CA is $4.47M, compared to $5.70M for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Montecito?
The median single-family home price in Montecito, CA is $5.70M (about $1,853 per square foot).
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