Santa Barbara Real Estate Statistical Update
April 2026
Market is Bifurcated
Some Receive Multiple Offers
Others Sit on Market & Reduce Price
Single Family Homes Sold +5% ~ 99 in Apr 2026 vs. 94 in Apr 2025
Single Family Median Sales Price -7% ~ $2,030,000. in Apr 2026 vs. $2,175,000. in Apr 2025
Single Family Average Sales Price +41% ~ $4,533,360. in Apr 2026 vs. $3,207,922. in Apr 2025
Year to Date – Single Family
Homes Sold +4%
Median Sales Price -20%
Average Sales Price – 7%
Condos Sold +9% ~ 36 in Apr 2026 vs. 33 in Apr 2025
Condo Median Sales Price -8% ~ $965,000. in Apr 2026 vs. $1,049,000. in Apr 2025
Condo Average Sales Price -23% ~ $1,117,974. in Apr 2026 vs. $1,454,360. in Apr 2025
Year to Date – Condos
Condos Sold +10%
Median Sales Price -12%
Average Sales Price -17%
Inventory ~ There was 2.9 months of supply in April. Inventory has held in this range for all of 2026.
Pending Sales ~ There were 120 pending sales in April. There were 145 in March, 131 in February and 99 in January.
Price Reductions ~ There were 79 price reductions in April, 79 in March, 60 in February and 71 in January.
Sales Price % to Original List Price ~ April homes and condos sold at 97.2% of original list price. Of the 135 sales sold in April, 27 or , 80% were above $1,000,000.
CASH SALES
39% of all sales in April were cash. Year to date, 40% of all sales were cash.
DAYS ON MARKET
44 days for single family homes
28 days for condos
YEAR OVER YEAR PRICE REPORT FOR APRIL
Santa Barbara Median Sales Price -12.6% ~ $1,860,000. in Apr 2026 vs. $2,127,120. in Apr 2025
Santa Barbara Average Sales Price -20.2% ~ $2,013,199. in Apr 2026 vs. $2,523,544. in Apr 2025
Montecito Median Sales Price +31.2% ~ $7,837,500. in Apr 2026 vs. $5,975,000. in Apr 2025
Montecito Average Sales Price +111.7% ~ $12,314,611. in Apr 2026 vs. $5,815,750. in Apr 2025
Hope Ranch Median Sales Price +89% ~ $8,500,000. in Apr 2026 vs. $4,495,000. in Apr 2025
Hope Ranch Average Sales Price +13.8% ~ $8,099,800 in Apr 2026 vs. $7,115,000. in Apr 2025
Summerland Median Sales Price +360% ~ $8,050,000 in Apr 2026 vs. $1,750,000. in Apr 2025
Summerland Average Sales Price +360% ~ $8,050,000 in Apr 2026 vs. $1,750,000. in Apr 2025
Carpinteria Median Sales Price +38.5% ~ $2,535,000. in Apr 2026 vs. $1,830,000. in Apr 2025
Carpinteria Average Sales Price +126.2% ~ $5,359,938. in Apr 2026 vs. $2,370,000. in Apr 2025
Goleta Median Sales Price -13.4% ~ $1,580,000. in Apr 2026 vs. $1,825,000. in Apr 2025
Goleta Average Sales Price -11.1% ~ $1,765,107. in Apr 2026 vs. $1,986,000. in Apr 2025
Source: CORT INDATA as of May 18, 2025. This includes both off market and MLS data combined.
