Is Santa Ynez, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Santa Ynez was a Neutral Market.
Housing Prices in Santa Ynez, CA
How much do homes in Santa Ynez, CA cost?
Median Sold Price
$2,150,000
$828/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Santa Ynez was $2,150,000 in May 2024, up 42.6% from last year, and the median price per square foot was $828.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $1.0M | - | N/A |
2 Bedrooms | $1.5M | $1.5M | -1.6% |
3 Bedrooms | $1.3M | $1.6M | +22.6% |
4 Bedrooms | $3.1M | $2.3M | -25.8% |
5+ Bedrooms | $7.4M | $8.5M | +15.0% |
Summary: Santa Ynez housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 22.6%, 4 bedroom homes decreased by 25.8%, and 5+ bedroom homes increased by 15%.
Median Sold Price Compared To Nearby Cities
Santa Ynez | $1.5M | $2.1M | +42.6% |
Solvang-Santa Ynez | $1.2M | $1.3M | +15.8% |
Solvang | $1.3M | $1.4M | +2.9% |
Housing Supply in Santa Ynez, CA
How many homes are available in Santa Ynez, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
42 | 52 | +23.8% |
Summary: The Santa Ynez real estate market had 52 homes for sale in May 2024, a 23.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 20 | 27 | +35.0% |
4 Bedrooms | 12 | 14 | +16.7% |
5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The Santa Ynez housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 35%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 5 | +66.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Santa Ynez in May 2024, up by 66.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Santa Ynez, CA
How long does it take to sell a home in Santa Ynez, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
84 Days | 27 Days | -68.0% |
Summary: Homes in Santa Ynez had an average of 27 days on market in May 2024, down by 68% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Santa Ynez; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.