93103 Housing Market
Median List Price
$2,998,000
Updated August 2026
Today, the 93103 ZIP code in Santa Barbara, CA has 7 homes for sale at a median list price of $2,998,000, typically selling in about 55 days.
93103 Housing Market Overview
The 93103 ZIP code currently shows a median list price of $3M. Compared with Santa Barbara overall, that is a 29.5% discount. There are 7 homes currently listed for sale in the 93103 ZIP code.
Two bedroom homes are the most affordable tier at a median of $2.3M, while three bedroom homes top the range at $3.3M. Over the last six months, the median price has eased about 78.8%, from $7.7M in January to $1.6M in July.
93103 Area Market Pulse
Topfind Market Read
Buyers hold the edge right now. 7.0 months of supply is more than current demand absorbs, and 71% of sellers have trimmed their asking price. At the same time, sales volume is up 67% versus six months ago, which keeps well-priced homes moving. Buyers have room to negotiate price and terms, while sellers should price sharply and present well to stand out.
Median Home Price
$3.00M
Chart shows the median closed sale price by month
Months of Supply
Estimated time to sell all listings at the current sales pace
7.0 months of supply
Ample Supply7 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 ~55 days.
Sales Velocity
How fast homes are selling
Homes take longer to sell here than in a balanced market, so buyers have more time to negotiate and explore options.
Inventory Distribution
A larger share of listings has been up beyond 30 days, which typically means more room to negotiate on those longer-listed homes.
Housing Tenure in 93103 Area
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 $304K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 2 → 3 bedrooms (+$997K)
Price Reductions
5 listings have reduced their price
71% of active listings
Average reduction: 8.9% (~$268K)
Browse 93103 Listings
Frequently Asked Questions about the 93103 Housing Market
What is the median home price in the 93103 ZIP code?
The median list price in the 93103 ZIP code is $2,998,000 as of August 2026, based on 7 active listings.
Is the 93103 ZIP code a buyer's market or a seller's market?
The 93103 ZIP code currently reads as a balanced market. Active inventory works out to about 7.0 months of supply at the recent sales pace.
How fast do homes sell in the 93103 ZIP code?
The average home currently for sale in the 93103 ZIP code has been on the market for 55 days.
How many homes are for sale in the 93103 ZIP code?
There are 7 homes for sale in the 93103 ZIP code right now.