15 homes in Montecito
Homes for Sale in Montecito, CA
About Montecito, CA Real Estate
Montecito is a community in California offering diverse housing options and local amenities. The city provides residents with access to quality schools, parks, shopping, and dining, making it an attractive option for homebuyers seeking comfortable living in California.
Today, Montecito has 15 homes for sale at a median price of $7,495,000, typically selling in about 81 days.
Why Live in Montecito?
- Local schools and educational opportunities
- Parks and recreational facilities
- Shopping and dining options
- Access to major freeways and transportation
Montecito Market Pulse
Median Home Price
$7.20M
Months of Supply
Estimated time to sell all listings at the current sales pace
15.0 months of supply
Buyer's Market15 active listings—plenty of options to choose from.
What this means for buyers
There is more inventory than recent sales absorb—buyers have plenty of options and stronger footing to negotiate price and terms. Listings typically sell in ~81 days.
Sales Velocity
How fast homes are selling
Homes are sitting on the market—buyers often have strong leverage to negotiate price, terms, and repairs. Sales have slowed 18% compared to 6 months ago.
Inventory Distribution
Homes are selling at a healthy pace—more listings move within 30 days than sit longer on the market.
Most homes are selling within a month, but a meaningful share is starting to linger longer.
Housing Tenure in Montecito
Homeownership is significantly higher than average—this is a homeowner-dominated market with more long-term residents.
74%
Homeowners
26%
Renters
Homeownership is 18.5% higher than the California average (55.5%)
3,345 households (2023)
Median Price by Bedroom
Larger homes command significantly higher prices, with sharp increases beyond 3 bedrooms.
Each additional bedroom adds about $13.2M in value on average, with larger homes seeing bigger price jumps.
Largest increase: 6 → 9 bedrooms (+$34.8M)
Price Reductions
6 listings have reduced their price
40% of active listings
Average reduction: 11.3% (~$847K)
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