Montecito Real Estate Statistical Update. The Montecito real estate market is very strong. The number of homes sold in Montecito is up 18.4% year over year while the number of newly listed homes for sale in Montecito is down 0.6%. There is a severe lack of supply of inventory of homes for sale in Montecito. Buyers are clamoring for new listings in Montecito. The median home price in Montecito currently stands at $2,450,000. that is up 32.4% from this time last year when the median home price in Montecito was $1,850,000. To view homes for sale in Montecito, click MONTECITO HOMES FOR SALE For upcoming listings, pocket listings – those not listed anywhere on the internet, or for personalized attention, please call Wendy Gragg at 805.453.3371.