Santa Barbara, CA Housing Market
Median List Price
$4,250,000
Updated August 2026
Today, Santa Barbara has 62 homes for sale at a median list price of $4,250,000, typically selling in about 73 days.
Santa Barbara Market Analysis
Homes in Santa Barbara, CA carry a median list price of $4.3M. Per square foot, the median stands at $1,630. The median price moved from $2.7M in February to $12.9M in July, a 385.9% increase over six months.
The typical listing reaches pending status in about 33 days. Right now 62 homes are on the market in Santa Barbara, CA. 15 new listings came on the market in the last 30 days.
Seven bedroom homes carry the highest medians at $15.5M, with two bedroom homes starting the range at $2M. Single family homes make up about 83.9% of current inventory. The area spans seven ZIP codes, including 93108, 93110, and 93103.
Santa Barbara Rental Market
Rentals in Santa Barbara, CA carry a median asking rent of $24,500. Right now 9 rentals are on the market in Santa Barbara, CA.
Santa Barbara Market Pulse
Topfind Market Read
Buyers hold the edge right now. 7.8 months of supply is more than current demand absorbs, and the typical home takes about 73 days to sell. At the same time, selling times have improved 31% versus six months ago, and inventory is an even mix of new and older listings, which keeps well-priced homes moving. Buyers are firmly in control and can negotiate hard, while sellers need sharp pricing to draw attention.
Median Home Price
$4.25M
Chart shows the median closed sale price by month
Months of Supply
Estimated time to sell all listings at the current sales pace
7.8 months of supply
Ample Supply62 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 ~73 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. The trend is moving the other way though, with selling times down 31% over the last six months.
Inventory Distribution
A solid share of current listings is under 30 days old, while a meaningful share has been up longer.
About 56% of current listings are under 30 days old, while the rest have been up longer.
Housing Tenure in Santa Barbara
Renting is more common here than statewide, so this market has more rental inventory and shorter-term residents.
40%
Homeowners
60%
Renters
Homeownership is 15.5 points lower than the California average (55.5%)
36,618 households (2023)
Median Price by Bedroom
Home prices generally rise with bedroom count, though not every step adds value.
Each additional bedroom adds about $2.7M in value on average, with larger homes seeing bigger price jumps.
Largest increase: 4 → 5 bedrooms (+$6.8M)
Price Reductions
27 listings have reduced their price
44% of active listings
Average reduction: 10.7% (~$455K)
Browse Santa Barbara Listings
Frequently Asked Questions about the Santa Barbara, CA Housing Market
What is the median home price in Santa Barbara, CA?
The median list price in Santa Barbara is $4,250,000 as of August 2026, based on 62 active listings.
Is Santa Barbara a buyer's market or a seller's market?
Santa Barbara currently reads as a strong buyer's market. Active inventory works out to about 7.8 months of supply at the recent sales pace.
How fast do homes sell in Santa Barbara?
Homes that closed in the last 90 days typically went under contract in about 33 days. The average home currently for sale has been on the market for 73 days.
How many homes are for sale in Santa Barbara, CA?
There are 62 homes for sale in Santa Barbara right now, including 5 listed within the last week.
What is the median rent in Santa Barbara?
The median asking rent in Santa Barbara is $24,500 per month, across 9 active rental listings.