Is Santa Barbara, CA 93150 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Santa Barbara is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply3.2Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list96.9%Sold price ÷ list price
Median days on market157Listing to accepted offer
Median price per sq ft$1,767

The Santa Barbara housing market right now

In the three months ending August 31, 2026, 0% of homes in Santa Barbara, CA 93150 sold above their list price, the typical home went under contract in 157 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 1 sale, these figures can swing a lot from month to month.

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Questions about Santa Barbara real estate

Is Santa Barbara a buyer’s or seller’s market?

A seller’s market: there were 3.2 months of supply in Santa Barbara, CA 93150 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Santa Barbara?

The typical home went under contract in 157 days in the latest three months.

Do homes in Santa Barbara sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 96.9% of the list price.

What is the median home price in Santa Barbara?

The median sale price was $12,494,593 in the three months ending August 31, 2026, about $1,767 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology