Is Santa Ynez, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Santa Ynez is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Santa Ynez was a Seller's Market.

Key Takeaway

Santa Ynez is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

+$607,846(+40.7%)

Key Takeaway

Homes in Santa Ynez have sold for 40.7% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $1.0M-
N/A
2 $1.2M$1.5M
+28.1%
3 $1.2M$1.6M
+23.5%
4 $2.3M$2.7M
+16.2%
5+ $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
+40.7%
Solvang-Santa Ynez
+6.7%
Solvang
-9.4%

Housing Supply in Santa Ynez, CA

How many homes are available in Santa Ynez, CA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3541+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

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 42
-50.0%
3 1620
+25.0%
4 710
+42.9%
5+ 78
+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 2024Mar 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Santa Ynez, you may be able to get a good deal. 100% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
30 Days5 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Santa Ynez are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

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