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 June 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
$1,395,050
$697/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
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
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $497.5K | $435K | -12.6% |
2 Bedrooms | $732.5K | $614.5K | -16.1% |
3 Bedrooms | $1.1M | $1.4M | +17.6% |
4 Bedrooms | $1.5M | $1.3M | -9.3% |
5+ Bedrooms | $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 | $1.5M | $2.0M | +32.1% |
Buellton | $800K | $980K | +22.5% |
Solvang-Santa Ynez | $1.1M | $1.3M | +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 2024 | Jun 2024 | CHANGE |
---|---|---|
126 | 126 | 0.0% |
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
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 9 | 8 | -11.1% |
3 Bedrooms | 59 | 56 | -5.1% |
4 Bedrooms | 36 | 35 | -2.8% |
5+ Bedrooms | 19 | 23 | +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 2024 | Jun 2024 | CHANGE |
---|---|---|
20 | 17 | -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
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 2023 | Jun 2024 | CHANGE |
---|---|---|
45 Days | 19 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
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.