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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Solvang-Santa Ynez is a buyer's market

Buyer's
Market

Difference Since June 2023

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

Key Takeaway

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

Housing Prices in Solvang-Santa Ynez, CA

How much do homes in Solvang-Santa Ynez, CA cost?

Median Sold Price

$1,395,050

$697/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$230,050(+19.7%)

Key Takeaway

Homes in Solvang-Santa Ynez have sold for 19.7% more than they did a year ago.

Summary: The median home sold price in Solvang-Santa Ynez was $1,395,050 in June 2024, up 19.7% from last year, and the median price per square foot was $697.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $497.5K$435K
-12.6%
2 $732.5K$614.5K
-16.1%
3 $1.1M$1.4M
+17.6%
4 $1.5M$1.3M
-9.3%
5+ $1.9M$2.0M
+4.7%

Summary: Solvang-Santa Ynez housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.6%, 2 bedroom homes decreased by 16.1%, 3 bedroom homes increased by 17.6%, 4 bedroom homes decreased by 9.3%, and 5+ bedroom homes increased by 4.7%.

Median Sold Price Compared To Nearby Cities

Santa Ynez
+32.1%
Buellton
+22.5%
Solvang-Santa Ynez
+19.7%

Housing Supply in Solvang-Santa Ynez, CA

How many homes are available in Solvang-Santa Ynez, CA?

Number of Homes For Sale

May 2024Jun 2024CHANGE
1261260.0%

Summary: The Solvang-Santa Ynez real estate market had 126 homes for sale in June 2024, the same as May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 34
+33.3%
2 98
-11.1%
3 5956
-5.1%
4 3635
-2.8%
5+ 1923
+21.1%

Summary: The Solvang-Santa Ynez housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 21.1%.

Number of Homes Sold

May 2024Jun 2024CHANGE
2017-15.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Solvang-Santa Ynez, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Solvang-Santa Ynez in June 2024, down by 15.0% month-over-month. Of the 17 sold homes, 53% were sold under asking, 35% were sold at asking, and 12% were sold over asking.

Days on Market for Solvang-Santa Ynez, CA

How long does it take to sell a home in Solvang-Santa Ynez, CA?

Average Sale Time

Jun 2023Jun 2024CHANGE
45 Days19 Days-56.5%

Summary: Homes in Solvang-Santa Ynez had an average of 19 days on market in Jun 2024, down by 56.5% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 17 homes were sold in Solvang-Santa Ynez; 71% of homes were sold within 30 days, 29% 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 26 Days Ago

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