Is Santa Barbara, CA 93111 a buyer’s or seller’s market?

The Santa Barbara housing market right now

In the three months ending August 31, 2026, 36% of homes in Santa Barbara, CA 93111 sold above their list price, the typical home went under contract in 37 days and there were 2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 48 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 45%, homes sold about as fast and the median sale price fell 11% to $1,649,286. Overall, Santa Barbara is less competitive than a year ago, which gives buyers more room.

Within Santa Barbara County, homes here sell faster than in 55% of the county’s ZIP codes, and sell more often over asking than in 70%. On our competition score, Santa Barbara ranks #269 of 1,069 CA ZIP codes with enough sales (score 75 out of 100).

Nearby, buyers who want less competition could look at Los Olivos 93441 (0% sold over asking) or Casmalia 93429 (0% sold over asking), while New Cuyama 93254 (100% sold over asking) and Santa Maria 93458 (46% sold over asking) are even more competitive.