Santa Barbara Real Estate Statistical Update
March 2026
The Number of Sales Pick Up
Pending Sales Increased Every Month This Year
Single Family Homes Sold +25% ~ 99 in Mar 2026 vs. 79 in Mar 2025
Single Family Median Sales Price -21% ~ $2,225,000. in Mar 2026 vs. $2,827,000. in Mar 2025
Single Family Average Sales Price -20% ~ $3,456,232. in Mar 2026 vs. $4,340,670. in Mar 2025
Year to Date – Single Family
Homes Sold +4%
Median Sales Price -24%
Average Sales Price – 23%
Condos Sold FLAT ~ 32 in Mar 2026 vs. 32 in Mar 2025
Condo Median Sales Price -3% ~ $1,150,000. in Mar 2026 vs. $1,187,500. in Mar 2025
Condo Average Sales Price -3% ~ $1,288,122. in Mar 2026 vs. $1,333,587. in Mar 2025
Year to Date – Condos
Condos Sold +9%
Median Sales Price -3%
Average Sales Price -3%
Inventory ~ There was 2.93 months of supply in March. Inventory has held in this range for all of 2026.
Pending Sales ~ There were 145 pending sales in March. There were 131 in February and 99 in January.
Price Reductions ~ There were 79 price reductions in March. There ere 60 in February and 71 in January.
Sales Price % to Original List Price ~ March homes and condos sold at 96.1% of original list price. Of the 131 sales sold in March, 87.8% were above $1,000,000.
CASH SALES
37% of all sales in March were cash. Year to date, 44% of all sales were cash.
DAYS ON MARKET
50 days for single family homes
41 days for condos
YEAR OVER YEAR PRICE REPORT FOR MARCH
Santa Barbara Median Sales Price -24.4% ~ $2,112,500. in Mar 2026 vs. $2,795,000. in Mar 2025
Santa Barbara Average Sales Price -31% ~ $2,384,379. in Mar 2026 vs. $3,458,898. in Mar 2025
Montecito Median Sales Price -5.8% ~ $5,650,000. in Mar 2026 vs. $6,000,000. in Mar 2025
Montecito Average Sales Price -8.1% ~ $6,235,115. in Mar 2026 vs. $6,786,316. in Mar 2025
Hope Ranch Median Sales Price -19% ~ $6,712,500. in Mar 2026 vs. $8,287,500. in Mar 2025
Hope Ranch Average Sales Price -33.1% ~ $6,480,625 in Mar 2026 vs. $9,695,000. in Mar 2025
Summerland Median Sales Price N/A ~ no sales in Mar 2026 vs. $2,847,000. in Mar 2025
Summerland Average Sales Price N/A ~ no sales in Mar 2026 vs. $2,847,000. in Mar 2025
Carpinteria Median Sales Price -40.2% ~ $1,710,000. in Mar 2026 vs. $2,860,000. in Mar 2025
Carpinteria Average Sales Price +5.8% ~ $5,413,100. in Mar 2026 vs. $5,113,333. in Mar 2025
Goleta Median Sales Price +5.5% ~ $1,561,250. in Mar 2026 vs. $1,480,000. in Mar 2025
Goleta Average Sales Price -19% ~ $1,982,378. in Mar 2026 vs. $2,447,768. in Mar 2025
Source: CORT INDATA as of April 15, 2025. This includes both off market and MLS data combined.
