Montecito, CA Housing Market
Median List Price
$14,950,000
Updated August 2026
Today, Montecito has 16 homes for sale at a median list price of $14,950,000, typically selling in about 83 days.
Montecito Market Analysis
Homes in Montecito, CA carry a median list price of $14.9M. On a per square foot basis, the median runs $2,212. The median price moved from $9.7M in February to $7.2M in July, a 25.8% decrease over six months.
The typical listing reaches pending status in about 21 days. Right now 16 homes are on the market in Montecito, CA. 2 new listings came on the market in the last 30 days.
Six bedroom homes carry the highest medians at $21M, with three bedroom homes starting the range at $5.4M. Single family homes account for essentially all of the current inventory. The area falls within the 93108 ZIP code.
Montecito Rental Market
Rentals in Montecito, CA carry a median asking rent of $120,000. Right now 2 rentals are on the market in Montecito, CA.
Montecito Market Pulse
Topfind Market Read
Buyers hold the edge right now. 16.0 months of supply is more than current demand absorbs, and the typical home takes about 83 days to sell. Buyers are firmly in control and can negotiate hard, while sellers need sharp pricing to draw attention.
Median Home Price
$14.95M
Chart shows the median closed sale price by month
Months of Supply
Estimated time to sell all listings at the current sales pace
16.0 months of supply
Ample Supply16 active listings, plenty of options to choose from.
What this means for buyers
There is more inventory than recent sales absorb, so buyers have plenty of options and stronger footing to negotiate price and terms. Listings typically sell in ~83 days.
Sales Velocity
How fast homes are selling
Homes are sitting on the market, so buyers often have strong leverage to negotiate price, terms, and repairs.
Inventory Distribution
A solid share of current listings is under 30 days old, while a meaningful share has been up longer.
About 44% of current listings are under 30 days old, while the rest have been up longer.
Housing Tenure in Montecito
Homeownership is significantly higher than average, making this a homeowner-dominated market with more long-term residents.
74%
Homeowners
26%
Renters
Homeownership is 18.5 points higher than the California average (55.5%)
3,345 households (2023)
Median Price by Bedroom
Larger homes command significantly higher prices, with sharp increases beyond 3 bedrooms.
Each additional bedroom adds about $13.2M in value on average, with larger homes seeing bigger price jumps.
Largest increase: 6 → 9 bedrooms (+$35.8M)
Price Reductions
6 listings have reduced their price
38% of active listings
Average reduction: 13.0% (~$1944K)
Browse Montecito Listings
Frequently Asked Questions about the Montecito, CA Housing Market
What is the median home price in Montecito, CA?
The median list price in Montecito is $14,950,000 as of August 2026, based on 16 active listings.
Is Montecito a buyer's market or a seller's market?
Montecito currently reads as a strong buyer's market. Active inventory works out to about 16.0 months of supply at the recent sales pace.
How fast do homes sell in Montecito?
Homes that closed in the last 90 days typically went under contract in about 21 days. The average home currently for sale has been on the market for 83 days.
How many homes are for sale in Montecito, CA?
There are 16 homes for sale in Montecito right now, including 1 listed within the last week.
What is the median rent in Montecito?
The median asking rent in Montecito is $120,000 per month, across 2 active rental listings.