The median sale price of a home in Montecito-Happy Valley was $1.1M last month, up 16.6% since last year. The median sale price per square foot in Montecito-Happy Valley is $520, down 44.1% since last year.
What is the housing market like in Montecito-Happy Valley today?
In February 2025, Montecito-Happy Valley home prices were up 16.6% compared to last year, selling for a median price of $1.1M. On average, homes in Montecito-Happy Valley sell after 30 days on the market compared to 22 days last year. There were 5 homes sold in February this year, up from 2 last year.
$1.09M
Sale Price
+13.6% since last year
$520
Sale $/Sq. Ft.
-44.1% since last year
Under List Price
9.8%
Days on Market
3454
Down Payment
—
Total Homes Sold
2
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View houses in Montecito-Happy Valley that sold recently
Learn about schools in the Montecito-Happy Valley area
Elementary
Middle
High
GreatSchools Rating
No elementary schools in this region.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Montecito-Happy Valley housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Montecito-Happy Valley.
Flood Factor - Major
37% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Montecito-Happy Valley has a major risk of flooding. 155 properties in Montecito-Happy Valley are likely to be
severely affected
by flooding over the next 30 years. This represents 37% of all properties in Montecito-Happy Valley. Flood risk is increasing slower than the national average.
100% of properties are at risk of wildfire over the next 30 years
Fire Factor
Montecito-Happy Valley has a moderate risk of wildfire. There are 572 properties in Montecito-Happy Valley that have some risk of being affected by wildfire over the next 30 years. This represents 100% of all properties in Montecito-Happy Valley.
Montecito-Happy Valley has minimal risk of severe winds over the next 30 years
Wind Factor
Montecito-Happy Valley has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.
100% of properties are at moderate
risk of heat over the next 30 years
Heat Factor
Montecito-Happy Valley has a moderate risk from heat. This is due to
"feels like" temperatures
increasing, and because 100% of homes in Montecito-Happy Valley have a Moderate Heat Factor®.
Montecito-Happy Valley is expected to see a 128% increase in the number of days over 85ºF over the next 30 years. Montecito-Happy Valley is expected to experience 8