Real Estate Market

Montecito Real Estate Market

Live stats and monthly reports across Montecito Saeed serves — updated every 5 minutes from MLS® data.

OverviewLive stats, charts & KPIs Monthly ArchiveHistorical monthly reports

Buyer's Market18.0 mo supply — Buyer's

In Sep, 2 homes sold across Montecito at an average price of $2,379,525 — down 4.7% from the prior month. Properties averaged 304 days on market.

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$2.38M↓avg price · last month

Apr6-month avg price trend · MLS®Sep

Homes Sold

last 30 days

$2.38M

Avg Sold Price

last 30 days · sold properties

304d

Avg Days on Market

last 30 days · listed to sold

Active Inventory

live MLS · updated every 5 min

18.0 mo

Months of Supply

current absorption rate

View Homes For Sale Recently Sold Free Home Evaluation Monthly Reports →

3-Year Price Trend

$2.4M

Avg sold price by type · last 36 months · MLS® data

Benchmark Prices by Property Type

Montecito · Last 30 days

Property Type	Avg Sold Price	Avg $/sqft	YoY Change	Condition
Houses	$2.38M	$943,175	+18.1%	Buyer's Market

Market Insight

Houses are the most accessible entry point in Montecito, currently averaging $2,379,525 — well below the cost of a detached home.

Houses have appreciated the most over the past year at +18.1%.

For investors, houses have shown the strongest price appreciation — buyers looking for long-term value may want to prioritise this segment.

Last 30 Days — By Property Type

Sold properties only

Duplex:Buyer's Market

House:Buyer's Market

Townhouse:Buyer's Market

What Does Each Home Cost?

By bedrooms & property type · Last 30 days sold

Type	1 Bed	2 Bed	3 Bed	4+ Bed
Apartment	$548K $820/ft² 41 sold	$698K $752/ft² 63 sold	$889K $721/ft² 18 sold	$1.12M $690/ft² 5 sold
Townhouse	$699K $698/ft² 8 sold	$879K $672/ft² 31 sold	$1.08M $645/ft² 44 sold	$1.25M $612/ft² 14 sold
House	—	$1.19M $580/ft² 6 sold	$1.49M $558/ft² 22 sold	$2.25M $498/ft² 18 sold

Studio = 0 bedrooms. 4+ Bed includes all homes with 4 or more bedrooms.

How does this period compare?

Metric	Sep · Last 30 days	Aug	Sep (LY)
Homes Sold	2-33.3%	3	6
Avg Sold Price	$2.38M-4.7%	$2.5M	$1.28M
Avg Days on Market	304d+316.4%	73d	52d

By Property Type

All property types

Property Type

Type	Sold (30d)	Avg Sold	Avg DOM	Active	Market
Duplex	0	N/A	0d	3	Buyer's Market
House	2	$2,379,525	304d	19	Buyer's Market
Townhouse	0	N/A	0d	14	Buyer's Market

Recently Sold

7326 CAPISTRANO DRIVE

Deep Breakdown

Age, bathrooms, storeys, and lot size — how each factor shapes the sale price in Montecito.

By Bathroom Count

Avg Sold Price by Bathrooms · Last 30 Days · Sold Properties

3 baths2 sold

304d$2,379,525

Storey Count

Avg Sold Price by Storeys · Detached Houses · Last 30 Days · Sold Properties

2 Storey1 sold

484d$2,959,050

3 Storey1 sold

124d$1,800,000

Lot Size

How Lot Size Affects Price · Detached Houses · Last 30 Days · Sold Properties

8,000+ sqft2 sold

304d$2,379,525

Frequently Asked Questions — Montecito Market

Is Montecito a buyer's or seller's market right now?+

Montecito is currently a buyer's market. The absorption rate — the pace at which active listings are being absorbed by buyers — points to more supply than demand, giving buyers more negotiating room. There are 36 active listings and 2 homes sold in the last 30 days.

What is the average home price in Montecito?+

The average sold price in Montecito is currently $2,379,525, based on sales over the past 30 days. Prices vary significantly by property type — condominiums and townhouses typically start lower, while detached homes command a premium.

What does the absorption rate mean for Montecito?+

Montecito has a sales-to-active listings ratio (SALR) of 5.6%, 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.

How long do homes stay on the market in Montecito?+

Homes in Montecito are selling in an average of 304 days on market. Properties that are priced correctly and presented well tend to attract offers faster, sometimes within the first week of listing.

What types of properties sell fastest in Montecito?+

Among all property types tracked, House properties are currently selling fastest in Montecito with an average of 304 days on market. House listings also represent some of the strongest demand, with 2 sales in the last 30 days.

Which property type has appreciated the most in Montecito?+

Based on MLS® data, houses have shown the strongest year-over-year price movement in Montecito at +18.1% compared to the same period last year. This outperformance makes houses a compelling segment for buyers focused on long-term value. Consult a local agent for current conditions before making investment decisions.

How many homes sold in Montecito last month?+

2 homes sold in Montecito over the past 30 days. Tracking monthly sales volume is one of the best indicators of market momentum — rising sales generally signal growing buyer confidence, while declining volume can signal hesitancy or seasonal slowdown.

What does "months of supply" mean in Montecito?+

Months of supply measures how long it would take to sell all current active listings at the current pace of sales. Under 4 months is a seller's market; 4–6 months is balanced; over 6 months favours buyers. In Montecito, the current absorption rate of 18.0 months reflects a buyer's market.

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