93108 Housing Market
Median List Price
$9,747,500
Updated August 2026
Today, the 93108 ZIP code in Santa Barbara, CA has 42 homes for sale at a median list price of $9,747,500, typically selling in about 67 days.
93108 Housing Market Overview
Buyers in the 93108 ZIP code are looking at a median list price of $9.7M. That is about 129.4% above the Santa Barbara median. Since February, the median price has moved up about 19.0% to $10.7M as of July. The 93108 ZIP code has 42 active listings on the market right now. Pricing spreads from a $4.3M median for two bedroom homes to $18.5M for six bedroom homes.
93108 Area Market Pulse
Topfind Market Read
Buyers hold the edge right now. 10.5 months of supply is more than current demand absorbs, and the typical home takes about 67 days to sell. At the same time, selling times have improved 32% versus six months ago, and 57% of current listings are under 30 days old, 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
$9.75M
Chart shows the median closed sale price by month
Months of Supply
Estimated time to sell all listings at the current sales pace
10.5 months of supply
Ample Supply42 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 ~67 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 32% 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 57% of current listings are under 30 days old, while the rest have been up longer.
Housing Tenure in 93108 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
Larger homes command significantly higher prices, with sharp increases beyond 3 bedrooms.
Each additional bedroom adds about $3.6M in value on average, with larger homes seeing bigger price jumps.
Largest increase: 4 → 5 bedrooms (+$8.3M)
Price Reductions
14 listings have reduced their price
33% of active listings
Average reduction: 11.9% (~$1162K)
Browse 93108 Listings
Frequently Asked Questions about the 93108 Housing Market
What is the median home price in the 93108 ZIP code?
The median list price in the 93108 ZIP code is $9,747,500 as of August 2026, based on 42 active listings.
Is the 93108 ZIP code a buyer's market or a seller's market?
The 93108 ZIP code currently reads as a buyer's market. Active inventory works out to about 10.5 months of supply at the recent sales pace.
How fast do homes sell in the 93108 ZIP code?
The average home currently for sale in the 93108 ZIP code has been on the market for 67 days.
How many homes are for sale in the 93108 ZIP code?
There are 42 homes for sale in the 93108 ZIP code right now, including 3 listed within the last week.