Neighbourhood Market Report

October 2023 Real Estate Market — Montecito

The Montecito market recorded 4 sales in October 2023 at an average sold price of $2,465,000. This report covers all property types in Montecito.

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Seller'sMontecito real estate market conditions for October 2023
4
Homes Sold
$2,465,000
Avg Sold Price
10d
Avg Days on Market
$851,042
Avg $/sqft

Montecito Market Trend — All Property Types

MonthSoldAvg Sold PriceAvg DOMAvg $/sqftMarket
September 20262$2,379,525304d$943,175—
August 20263$2,496,66773d$849,722Seller's
July 20266$1,263,33356d$850,278Seller's
June 20264$1,910,25025d$763,125Seller's
May 20263$760,66729d$760,667Seller's
April 20263$1,934,33396d$868,083Seller's
March 20263$983,33330d$750,000Seller's
February 20261$1,625,00016d$1,625,000Seller's
January 20262$865,00013d$865,000Seller's
December 20252$1,575,00014d$750,000Seller's
November 20255$1,153,76025d$803,380Seller's
October 20252$1,250,00028d$795,000Seller's
September 20256$1,283,75052d$797,819Seller's
August 20252$1,919,50021d$789,750Seller's
July 20255$1,556,00026d$739,000Seller's
June 20252$2,635,0004d$898,750Seller's
May 20253$1,545,00023d$1,545,000Seller's
April 20253$1,998,30017d$758,878Seller's
March 20252$2,462,50022d$903,125Seller's
February 20253$1,589,66762d$814,667Seller's
December 20242$698,95020d$698,950Seller's
November 20244$1,432,62523d$1,192,000Seller's
October 20243$1,418,33312d$504,670Seller's
September 20244$1,622,00030d$825,375Seller's
August 20243$2,119,60054d$1,207,100Seller's
July 20241$2,125,00028d$708,333Seller's
June 20246$1,214,65012d$796,983Seller's
May 20248$1,698,80016d$808,217Seller's
April 20242$1,520,00016d$973,750Seller's
March 20242$1,325,00099d$281,523Seller's
February 20242$3,108,00035d$873,583Seller's
November 20232$2,279,0005d$768,500Seller's
October 20234$2,465,00010d$851,042Seller's

Montecito by Property Type — October 2023

Frequently Asked Questions — Montecito

How did the Montecito real estate market perform in October 2023?+
In October 2023, 4 homes sold in Montecito at an average price of $2,465,000, spending an average of 10 days on the market at $851,042/sqft.
Is it a good time to buy in Montecito?+
Montecito is currently a seller's. Whether now is the right time depends on your timeline and budget — a knowledgeable local agent can identify current value opportunities and help you structure a competitive offer.
What does the October 2023 market mean for sellers in Montecito?+
Montecito sellers in October 2023 benefited from tight supply and motivated buyers. Well-priced, well-presented homes attracted strong interest. A local CMA ensures your list price is calibrated to current sold data.
Recent Montecito Reports

What does the October 2023 Montecito market mean for you?

Saeed can explain what these numbers mean for your specific situation in Montecito.

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