Neighbourhood Market Report

February 2024 Real Estate Market — Montecito

The Montecito market recorded 2 sales in February 2024 at an average sold price of $3,108,000. This report covers all property types in Montecito.

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Seller'sMontecito real estate market conditions for February 2024
2
Homes Sold
$3,108,000
Avg Sold Price
35d
Avg Days on Market
$873,583
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 — February 2024

Frequently Asked Questions — Montecito

How did the Montecito real estate market perform in February 2024?+
In February 2024, 2 homes sold in Montecito at an average price of $3,108,000, spending an average of 35 days on the market at $873,583/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 February 2024 market mean for sellers in Montecito?+
Montecito sellers in February 2024 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.
How did Montecito compare in February 2024 vs. November 2023?+
Compared to November 2023, Montecito sales were unchanged (2 vs 2 sold) and the average sold price was up 36% to $3,108,000.
Recent Montecito Reports

What does the February 2024 Montecito market mean for you?

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

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