Santa Maria, CA Home Values & Market Trends
Real estate market trends reflect that there have been 845 transactions over the past year in Santa Maria. The median value for residential home transactions that occurred over the previous year is $612,621.9. The number of current listings in Santa Maria is 70, and the percentage of properties for sale in the city is 70.00%. Santa Maria, CA currently has 30 properties in foreclosure, 0 bank owned properties, 7 properties headed for auction, and 70 properties for sale.
Santa Maria, CA Real Estate Market Overview
Housing Market Summary for Santa Maria, CA
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $489.9K | $611.8K | 24.89% |
Median Sold Price | $615.3K | $611.8K | -0.56% |
Homes For Sale | 47 | 63 | 34.04% |
Homes Sold | 1,054 | 951 | -9.77% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Santa Maria, CA
Browse Homes in Santa Maria, CA
Santa Maria home values range from $139,849 to $5,476,000. The median estimated value of a home in Santa Maria is $612,621.9. The median list price of a home is 612,499.5, and the total count of properties in the city is 32,605.
- Pre-ForeclosurePre-foreclosure homes account for 0.07% of all residential properties in Santa Maria, CA with 93455 containing 12 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 3 zips within Santa Maria, CA; of those zips, the estimated home value for pre-foreclosure homes ranges from $1,295,000 in 93454 to the lowest home value of $416,361 in 93458.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Santa Maria, CA ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Santa Maria, CA. There are 3 zips within Santa Maria, CA; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions93455 has 3 auction properties, the highest number of properties going to auction in a single zip in the state of Santa Maria, CA. Auction homes and other auction properties account for 0.02% of all properties in Santa Maria, CA. There are 3 zips within Santa Maria, CA; of those zips, the median estimated home value for homes going to auction ranges from $727,100 in 93458 to the lowest value of $331,750 in 93458.
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Guide for Santa Maria, CA
In the past year, California’s real estate market has seen a moderate rise in property values, reflecting enduring confidence despite some fluctuations, with particular note on per square foot value increases and transactional stability across the diverse county markets.
The Fremont, California real estate market experienced considerable fluctuation throughout 2023 and into 2024, with significant peaks and stabilization across various parameters.
Santa Ana’s real estate market thrives with fluctuating median property values and diverse submarkets. Recent trends indicate potential opportunities for investors with varied budgets despite market volatility, enhanced by Santa Ana’s comparatively low foreclosure rates and value-for-money square foot pricing.
The San Bernardino real estate market is experiencing stability and modest growth. Median property values are consistent, while foreclosures, pre-foreclosures, and auctions present unique investment opportunities due high avg values.