Santa Barbara Real Estate Statistical Update
August 2025
Days On Market Have Increased
Price Reductions Remail Elevated
Single Family Homes Sold +10% ~ 88 in Aug 2025 vs. 80 in Aug 2024
Single Family Median Sales Price +6% ~ $2,237,000. in Aug 2025 vs. $2,101,000. in Aug 2024
Single Family Average Sales Price +2% ~ $3,102,959 in Aug 2025 vs. $3,050,316. in Aug 2024
Year to Date Single Family
Homes Sold +12%
Median Sales Price +8%
Average Sales Price – flat
Condos Sold -31% ~ 24 in Aug 2025 vs. 35 in Aug 2024
Condo Median Sales Price -9% ~ $884,950. in Aug 2025 vs. $974,000. in Aug 2024
Condo Average Sales Price flat ~ $1,168,246. in Aug 2025 vs. $1,167,268. in Aug 2024
Year to Date Condos
Condos Sold +3%
Median Sales Price +8%
Average Sales Price +18%
Inventory ~ There was 2.93 months of supply in August. There was 3.87 in July, 3.72 in June, 3.49 in May, 3.38 in April, 2.95 in March, 2.68 in February and 2.62 in January
Pending Sales ~ There were 121 pending sales in August. There were 127 in July, 137 in June, 136 in May, 130 in April and March, 107 in February and 118 in January.
Price Reductions ~ Price reductions remain at the high end of the range. There were 101 price reductions in August. There were 119 in July, 107 in June, 100 in May, 115 in April, 90 in March, 65 in February and 61 in January. Price reductions in 2024 ranged from a low of 38 in February to a high of 98 in October 2024.
Sales Price % to Original List Price ~ August homes and condos sold at 95% of original list price. Of the 112 sales sold in August, 98 or 87.5% were above $1,000,000.
YEAR OVER YEAR PRICE REPORT FOR AUGUST
Santa Barbara Median Sales Price +11% ~ $2,300,000. in Aug 2025 vs. $2,075,000. in Aug 2024
Santa Barbara Average Sales Price +16.5% ~ $2,786,386. in Aug 2025 vs. $2,391,159. in Aug 2024
Montecito Median Sales Price +5.4% ~ $6,167,500. in Aug 2025 vs. $5,850,000. in Aug 2024
Montecito Average Sales Price +4.2% ~ $6,898,500. in Aug 2025 vs. $6,620,644. in Aug 2024
Hope Ranch Median Sales Price -2.9% ~ $6,000,000. in Aug 2025 vs. $6,180,000. in Aug 2024
Hope Ranch Average Sales Price +16.3% ~ $7,133,000. in Aug 2025 vs. $6,134,183. in Aug 2024
Summerland Median Sales Price N/A ~ no sales in Aug 2025 vs. $1,465,000. in Aug 2024
Summerland Average Sales Price N/A ~ no sales in Aug 2025 vs. $1,465,000. in Aug 2024
Carpinteria Median Sales Price +106.7% ~ $2,280,000. in Aug 2025 vs. $1,102,831. in Aug 2024
Carpinteria Average Sales Price +100% ~ $2,205,143. in Aug 2025 vs. $1,102,831. in Aug 2024
Goleta Median Sales Price -2.5% ~ $1,590,000. in Aug 2025 vs. $1,630,000. in Aug 2024
Goleta Average Sales Price -2.5% ~ $1,819,652. in Aug 2025 vs. $1,866,053. in Aug 2024
Source: CORT INDATA as of September 16, 2025. This includes both off market and MLS data combined.