Downtown Housing Market Report January 2025•Santa Barbara County, California

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Housing Prices in Downtown, CA

How much do homes in Downtown, CA cost?

Housing Market Conditions

Is Downtown, CA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Downtown is a Seller's Market

Difference Since January 2024

Since last year, Downtown has remained a Seller's Market.

Insight

Downtown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$1,762,500$1,215/SqFt
-$45,000
-2.5%

Based on all homes sold in the last 12 months

Insight

Homes in Downtown have sold for 2.5% less than they did a year ago.

Summary: The median home sold price in Downtown was $1,762,500 in January 2025, down 2.5% from last year, and the median price per square foot was $1,215.

Median Sold Price By Neighborhoods

Median Sold Price By Neighborhoods
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Upper Eastside
+7.9%
Downtown
-2.5%
Oak Park
-3.5%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1$1.5M$830K
-45.6%
2$1.2M$1.3M
+2.8%
3$1.9M$1.8M
-4.7%
4$2.6M$2.7M
+2.1%
5$3.7M$3.0M
-19.5%

Summary: Downtown housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -45.6%. The home price for 2 bedroom homes increased by +2.8%. The home price for 3 bedroom homes decreased by -4.7%. The home price for 4 bedroom homes increased by +2.1%. The home price for 5 bedroom homes decreased by -19.5%.

Housing supply in Downtown, CA

How many homes are available in Downtown, CA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
42Last MonthJan 2025
272 months agoDec 2024
+55.6 %
Change MoMDec – Jan

Summary: The Downtown real estate market had 42 homes for sale in Jan 2025, a 55.6 % increase compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
9Last MonthJan 2025
22 months agoDec 2024
+350.0 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
101
+100.0%
2917
+88.9%
3813
+62.5%
445
+25.0%
566
0.0%

Summary: Downtown housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +100.0%. The inventory for 2 bedroom homes increased by +88.9%. The inventory for 3 bedroom homes increased by +62.5%. The inventory for 4 bedroom homes increased by +25.0%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Downtown, CA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price2 Homes

At Asking Price1 Home

Under Asking Price6 Homes

Insight

If you're buying a home in Downtown, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Downtown in January 2025, up by 350.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and and 22% were sold over asking.

Days on Market for Downtown, CA

How long does it take to sell a home in Downtown, CA?

Breakdown of Home Sale Times

Under 30 Days4 Homes

30 – 90 Days3 Homes

Over 90 Days2 Homes

Insight

Many homes in Downtown are selling fast, if you're buying plan to act quickly.

Summary: During January 2025, 9 homes were sold in Downtown; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
42 DaysThis YearJan 2025
76 Days1 year agoJan 2024
-43.7 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Downtown had an average listing age of 42 days in Jan 2025, down by 43.7% compared to the previous year.

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Newest Listings in Downtown, CA

What homes are available in Downtown, CA?

See More Listings

Nearby markets

Nearby markets aren't available for Downtown, CA

Popular Cities with Homes for Sale in California

MLS Disclaimers and Copyright

Based on information from Santa Barbara MLS, and California Regional MLS for the period 02/01/2023 - 02/01/2025

IDXThe data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by other are marked with the “MLS” logo and detailed information about them includes the name of the listing brokers. Based on information from the Santa Barbara MLS. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Displays of minimal information (e.g., “thumbnails”, text messages, “tweets”, etc., of two hundred [200] characters or less) are exempt from this requirement but only when linked directly to a display that includes all required disclosures. Audio delivery of listing content is exempt from this disclosure requirement only when all required disclosures are subsequently delivered electronically to the registered consumer performing the property search or linked to through the device’s application. Copyright 2025 Santa Barbara Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/22/2025, 10:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/22/2025, 10:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.