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.
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
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
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
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.