Is Solvang, 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, Solvang was a Seller's Market.
Housing Prices in Solvang, CA
How much do homes in Solvang, CA cost?
Median Sold Price
$1,395,000
$671/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Solvang was $1,395,000 in March 2024, down 9.4% from last year, and the median price per square foot was $671.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $520K | $455K | -12.5% |
2 Bedrooms | $668.2K | $742.5K | +11.1% |
3 Bedrooms | $1.3M | $1.4M | +6.3% |
4 Bedrooms | $1.7M | $1.5M | -16.2% |
5+ Bedrooms | $2.2M | $1.6M | -24.9% |
Summary: Solvang housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 16.2%, and 5+ bedroom homes decreased by 24.9%.
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 Solvang, CA
How many homes are available in Solvang, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 33 | +50.0% |
Summary: The Solvang real estate market had 33 homes for sale in March 2024, a 50.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 8 | 11 | +37.5% |
4 Bedrooms | 6 | 9 | +50.0% |
5+ Bedrooms | 4 | 8 | +100.0% |
Summary: The Solvang 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 increased by 25%, 3 bedroom homes increased by 37.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Solvang in March 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Solvang, CA
How long does it take to sell a home in Solvang, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
66 Days | 19 Days | -71.2% |
Summary: Homes in Solvang had an average of 19 days on market in Mar 2024, down by 71.2% compared to last year.
Breakdown of Home Sale Times
3 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, 4 homes were sold in Solvang; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.