Houses Market Report

September 2024 Montecito Houses Market

Houses market data for Montecito, Burnaby — September 2024. Average sold price $1,511,350, 2 sold in 30 days, 9 avg days on market.

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Buyer's MarketMontecito houses is currently a buyer's market. 5.9% sales-to-active listings ratio — homes selling in an average of 9 days, at an average sold price of $1,511,350 — well-priced properties are attracting strong demand.
2
Houses Sold (30d)
$1.51M
Avg Sold Price
9d
Avg Days on Market
34
Homes For Sale

Current Montecito Houses Stats

Live MLS® data updated every 5 minutes. Most recent 30-day rolling window.

Houses Sold (30d)2
Avg Sold Price$1,511,350
Homes For Sale34
Avg Days on Market9 days
Months of Supply17.0 mo

September 2024 Montecito Market Snapshot

All property types — historical MLS® data for Montecito in September 2024.

All Types Sold4
Avg Sold Price$1,622,000
Avg Days on Market30 days
Avg Price per ft²$825,375

Montecito Monthly Market Trend

MonthSoldAvg Sold PriceAvg DOMAvg $/sqftMarket
October 20263$1,250,9007d$747,117—
September 20263$1,808,017204d$850,450Seller's
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

Frequently Asked Questions — Montecito Houses

How did the Montecito houses market perform in September 2024?+
The Montecito houses market currently shows 2 units sold in the last 30 days at an average price of $1,511,350, with an average of 9 days on market. Buyers have more choice and negotiating leverage. This data reflects the most recent 30-day MLS® activity.
What is the average price of a house in Montecito?+
The average sold price for a house in Montecito is currently $1,511,350, based on MLS® sales over the past 30 days. Prices vary by size, floor, age, and condition. Contact a local agent for a property-specific valuation.
How long do houses take to sell in Montecito?+
Houses in Montecito are currently selling in an average of 9 days on market. Well-priced properties in good condition tend to sell faster — sometimes within days of listing. Properties at higher price points may take longer.
What is the absorption rate for houses in Montecito?+
Montecito houses has a sales-to-active listings ratio (SALR) of 5.9%, below the 12% threshold that defines a buyer's market. There are more homes available relative to demand, giving buyers more time to consider their options and more room to negotiate on price and conditions. Sellers may need to price competitively to attract offers.
Is it a good time to buy a house in Montecito?+
Montecito houses are currently in a buyer's market. The average price is $1,511,350. Whether now is the right time depends on your personal timeline, budget, and goals. A knowledgeable local agent can help you assess current opportunities.
How did the overall Montecito market perform in September 2024?+
In September 2024, the Montecito real estate market (all property types) recorded 4 sales at an average price of $1,622,000, with properties averaging 30 days on market at $825,375 per square foot.
How did Montecito compare in September 2024 vs. August 2024?+
Compared to August 2024, overall Montecito sales volume was up 33% (3 vs 4 homes sold) and the average sold price was down 23% to $1,622,000.
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