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 November 2021

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.

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

Median Sold Price

$955,900

$594/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$90,900(+10.5%)

Key Takeaway

Homes in Solvang-Santa Ynez have sold for 10.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $190.5K$227K
+19.2%
2 $520K$661.3K
+27.2%
3 $864.7K$806K
-6.8%
4 $874.9K$1.8M
+105.7%
5+ $5.6M$3.8M
-32.1%

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

Number of Homes For Sale

Oct 2022Nov 2022%
2834+21.4%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 10
-100.0%
2 78
+14.3%
3 911
+22.2%
4 57
+40.0%
5+ 68
+33.3%

Number of Homes Sold

Oct 2022Nov 2022%
13+200.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was 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. 66.7% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
59 Days58 Days-2.8%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Solvang-Santa Ynez has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Solvang-Santa Ynez, CA

There are 34 homes are for sale in Solvang-Santa Ynez, CA real estate market. The number of homes for sale in Solvang-Santa Ynez, CA increased by 21.4% between October 2022 and November 2022. In November 2022, listings were on the market for 58 days. During the same period, the median list price in this real estate market was $955,900. This housing market listing prices have changed between October 2022 and November 2022: prices of 1 bedroom properties went up by 19.2%, the cost of 2 bedrooms properties went up by 27.2%, the cost of 3 bedrooms properties went down by 6.8%, prices of 4 bedrooms properties increased by 105.7%, prices of 5 bedrooms properties went down by 32.1%. Volume of homes for sale changed: 1 bedroom homes inventory decreased by 100%, the quantity of 2 bedrooms homes went up by 14.3%, 3 bedrooms homes inventory increased by 22.2%, 4 bedrooms homes became 40% more available, 5 bedrooms homes inventory increased by 33.3%. While more than 1 listings in Solvang-Santa Ynez, CA in November 2022 were sold above asking price, there were more than 0 listings sold at asking price, and more than 2 were sold below.