Is Solana Beach, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Solana Beach has remained a Seller's Market.
Key Takeaway
Solana Beach is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Solana Beach, CA
How much do homes in Solana Beach, CA cost?
Median Sold Price
$1,900,000
$971/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Solana Beach have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in Solana Beach was $1,900,000 in March 2024, up 10.9% from last year, and the median price per square foot was $971.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $801K | $931K | +16.2% |
| 2 Bedrooms | $1.3M | $1.2M | -6.2% |
| 3 Bedrooms | $1.8M | $2.0M | +8.3% |
| 4 Bedrooms | $2.6M | $3.0M | +17.9% |
| 5+ Bedrooms | $6.0M | $3.3M | -44.6% |
Summary: Solana Beach housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.2%, 2 bedroom homes decreased by 6.2%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes decreased by 44.6%.
Housing Supply in Solana Beach, CA
How many homes are available in Solana Beach, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 48 | 44 | -8.3% |
Summary: The Solana Beach real estate market had 44 homes for sale in March 2024, a 8.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 14 | 13 | -7.1% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 11 | 9 | -18.2% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Solana Beach housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 9 | -35.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Solana Beach, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Solana Beach in March 2024, down by 35.7% month-over-month. Of the 9 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% were sold over asking.
Days on Market for Solana Beach, CA
How long does it take to sell a home in Solana Beach, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 16 Days | 10 Days | -35.1% |
Summary: Homes in Solana Beach had an average of 10 days on market in Mar 2024, down by 35.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Solana Beach are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 9 homes were sold in Solana Beach; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.