Is Santa Ynez, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Santa Ynez was a Seller's Market.
Housing Prices in Santa Ynez, CA
How much do homes in Santa Ynez, CA cost?
Median Sold Price
$2,100,000
$795/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Santa Ynez was $2,100,000 in March 2024, up 40.7% from last year, and the median price per square foot was $795.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $1.0M | - | N/A |
2 Bedrooms | $1.2M | $1.5M | +28.1% |
3 Bedrooms | $1.2M | $1.6M | +23.5% |
4 Bedrooms | $2.3M | $2.7M | +16.2% |
5+ Bedrooms | $7.4M | $4.2M | -43.5% |
Summary: Santa Ynez housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 28.1%, 3 bedroom homes increased by 23.5%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes decreased by 43.5%.
Median Sold Price Compared To Nearby Cities
Santa Ynez | $1.4M | $2.1M | +40.7% |
Solvang-Santa Ynez | $1.2M | $1.3M | +6.7% |
Solvang | $1.5M | $1.3M | -9.4% |
Housing Supply in Santa Ynez, CA
How many homes are available in Santa Ynez, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
35 | 41 | +17.1% |
Summary: The Santa Ynez real estate market had 41 homes for sale in March 2024, a 17.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 2 | -50.0% |
3 Bedrooms | 16 | 20 | +25.0% |
4 Bedrooms | 7 | 10 | +42.9% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Santa Ynez housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Santa Ynez in March 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
30 Days | 5 Days | -83.8% |
Summary: Homes in Santa Ynez had an average of 5 days on market in Mar 2024, down by 83.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 1 homes were sold in Santa Ynez; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.