Talechia Plumlee-Baker, Listing Office: Compass
Is Solana Beach, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 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
$1,941,250
$1,057/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$266,250(+15.9%)
Key Takeaway
Homes in Solana Beach have sold for 15.9% more than they did a year ago.
Summary: The median home sold price in Solana Beach was $1,941,250 in August 2024, up 15.9% from last year, and the median price per square foot was $1,057.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $999.9K | $924.4K | -7.6% |
| 2 Bedrooms | $1.3M | $1.3M | +4.6% |
| 3 Bedrooms | $1.6M | $2.1M | +31.0% |
| 4 Bedrooms | $2.6M | $2.6M | +2.0% |
| 5+ Bedrooms | $4.6M | $3.2M | -28.8% |
Summary: Solana Beach housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.6%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 31%, 4 bedroom homes increased by 2%, and 5+ bedroom homes decreased by 28.8%.
Housing Supply in Solana Beach, CA
How many homes are available in Solana Beach, CA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 55 | 56 | +1.8% |
Summary: The Solana Beach real estate market had 56 homes for sale in August 2024, a 1.8% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 4 | -33.3% |
| 2 Bedrooms | 17 | 20 | +17.6% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 14 | 15 | +7.1% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Solana Beach housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 17.6%, 3 bedroom homes remained the same, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 11 | 16 | +45.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were 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. 56.3% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Solana Beach in August 2024, up by 45.5% month-over-month. Of the 16 sold homes, 56% were sold under asking, 19% were sold at asking, and 25% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 15 Days | 23 Days | +52.8% |
Summary: Homes in Solana Beach had an average of 23 days on market in Aug 2024, up by 52.8% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Solana Beach are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 16 homes were sold in Solana Beach; 81% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 6% 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.