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Lower Village Montecito Housing Market Report June 2025•Santa Barbara County, California

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Housing Prices in Lower Village Montecito, CA

How much do homes in Lower Village Montecito, CA cost?

Housing Market Conditions

Is Lower Village Montecito, 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

Lower Village Montecito is a Buyer's Market

Difference Since June 2024

At the same time last year, Lower Village Montecito was a Neutral Market.

Insight

Lower Village Montecito is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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.
$5,455,365$2,187/SqFt
-$94,635
-1.7%

Based on all homes sold in the last 12 months

Insight

Homes in Lower Village Montecito have sold for 1.7% less than they did a year ago.

Summary: The median home sold price in Lower Village Montecito was $5,455,365 in June 2025, down 1.7% from last year, and the median price per square foot was $2,187.

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
Montecito
+8.7%
Lower Village Montecito
-1.7%

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.
BedsJun 2024Jun 2025Change YoY
1--
N/A
2$4.0M$1.5M
-62.3%
3$3.8M$5.0M
+34.0%
4$5.6M$5.6M
+1.3%
5$8.4M$7.8M
-7.7%

Summary: Lower Village Montecito housing price by bedroom type for June 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -62.3%. The home price for 3 bedroom homes increased by +34.0%. The home price for 4 bedroom homes increased by +1.3%. The home price for 5 bedroom homes decreased by -7.7%.

How does Lower Village Montecito, CA compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Lower Village Montecito, CA

Housing supply in Lower Village Montecito, CA

How many homes are available in Lower Village Montecito, 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
15Last MonthJun 2025
172 months agoMay 2025
-11.8 %
Change MoMMay – Jun

Summary: The Lower Village Montecito real estate market had 15 homes for sale in Jun 2025, a 11.8 % decrease compared to May 2025.

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
1Last MonthJun 2025
42 months agoMay 2025
-75.0 %
Change MoMMay – Jun

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.
BedsMay 2025Jun 2025Change MoM
100
0.0%
266
0.0%
331
-66.7%
412
+100.0%
576
-14.3%

Summary: Lower Village Montecito housing inventory by bedroom type for June 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -66.7%. The inventory for 4 bedroom homes increased by +100.0%. The inventory for 5 bedroom homes decreased by -14.3%.

Asking Price vs. Sold Price

How much do homes in Lower Village Montecito, 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 Price0 Home

At Asking Price0 Home

Under Asking Price1 Home

Insight

If you're buying a home in Lower Village Montecito, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Lower Village Montecito in June 2025, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.

Days on Market for Lower Village Montecito, CA

How long does it take to sell a home in Lower Village Montecito, CA?

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days1 Home

Over 90 Days0 Home

Insight

Avg time on Rocket Homes in Lower Village Montecito has remained consistent over time.

Summary: During June 2025, 1 homes were sold in Lower Village Montecito; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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
87 DaysThis YearJun 2025
17 Days1 year agoJun 2024
+411.8 %
Change YoYJun 2024 – Jun 2025

Summary: Homes in Lower Village Montecito had an average listing age of 87 days in Jun 2025, up by 411.8% compared to the previous year.

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Newest Listings in Lower Village Montecito, CA

What homes are available in Lower Village Montecito, CA?

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MLS Disclaimers and Copyright

Based on information from Santa Barbara MLS, for the period 07/01/2023 - 07/01/2025

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: 7/2/2025, 6:40:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.