Is Solvang-Santa Ynez, 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-Santa Ynez was a Seller's Market.
Housing Prices in Solvang-Santa Ynez, CA
How much do homes in Solvang-Santa Ynez, CA cost?
Median Sold Price
$1,380,000
$679/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Solvang-Santa Ynez was $1,380,000 in March 2024, up 6.7% from last year, and the median price per square foot was $679.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $470K | $455K | -3.2% |
2 Bedrooms | $740K | $749K | +1.2% |
3 Bedrooms | $1.2M | $1.4M | +12.0% |
4 Bedrooms | $1.5M | $1.4M | -5.4% |
5+ Bedrooms | $2.1M | $1.7M | -19.8% |
Summary: Solvang-Santa Ynez housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.2%, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 12%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes decreased by 19.8%.
Median Sold Price Compared To Nearby Cities
Santa Ynez | $1.4M | $2.1M | +40.7% |
Solvang-Santa Ynez | $1.2M | $1.3M | +6.7% |
Buellton | $845K | $845K | 0.0% |
Solvang | $1.5M | $1.3M | -9.4% |
Housing Supply in Solvang-Santa Ynez, CA
How many homes are available in Solvang-Santa Ynez, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
89 | 102 | +14.6% |
Summary: The Solvang-Santa Ynez real estate market had 102 homes for sale in March 2024, a 14.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 9 | 9 | 0.0% |
3 Bedrooms | 41 | 48 | +17.1% |
4 Bedrooms | 25 | 26 | +4.0% |
5+ Bedrooms | 13 | 18 | +38.5% |
Summary: The Solvang-Santa Ynez 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 remained the same, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 38.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 7 | -46.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Solvang-Santa Ynez in March 2024, down by 46.2% month-over-month. Of the 7 sold homes, 57% were sold under asking, 43% were sold at asking, and 0% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
47 Days | 13 Days | -71.9% |
Summary: Homes in Solvang-Santa Ynez had an average of 13 days on market in Mar 2024, down by 71.9% compared to last year.
Breakdown of Home Sale Times
6 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, 7 homes were sold in Solvang-Santa Ynez; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.