Montecito/Happy Valley, CA Housing Market

$1,265,680

1.6% 1-yr

The average Montecito/Happy Valley, CA home value is $1,265,680, down 1.6% over the past year.

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Montecito/Happy Valley Key Takeaways

Typical Home Values: $1,265,680

1-year Value Change: -1.6%

(Data through May 31, 2025)

Montecito/Happy Valley Housing Market Overview

--1-year Market Forecast

6For sale inventory(May 31, 2025)

--New listings(May 31, 2025)

--Median sale to list ratio

--Median sale price

--Median list price(May 31, 2025)

--Percent of sales over list price

--Percent of sales under list price

--Median days to pending

(Metric availability is based on market coverage and data)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Nearby Neighborhoods

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Montecito/Happy Valley Rental Market Trends

--Average rent in Montecito/Happy Valley

$2,049National average rent(May 31, 2025)

--Month-over-month change

--Year-over-year change

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.