Is Solana Beach, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Solana Beach has remained a Seller's Market.
Housing Prices in Solana Beach, CA
How much do homes in Solana Beach, CA cost?
Median Sold Price
$1,905,000
$1,000/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Solana Beach was $1,905,000 in April 2024, up 11.2% from last year, and the median price per square foot was $1,000.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $888.5K | $825.5K | -7.1% |
2 Bedrooms | $1.3M | $1.2M | -4.2% |
3 Bedrooms | $1.8M | $2.1M | +16.5% |
4 Bedrooms | $2.6M | $2.8M | +9.9% |
5+ Bedrooms | $4.0M | $3.3M | -16.9% |
Summary: Solana Beach housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.1%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes increased by 16.5%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes decreased by 16.9%.
Housing Supply in Solana Beach, CA
How many homes are available in Solana Beach, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
46 | 59 | +28.3% |
Summary: The Solana Beach real estate market had 59 homes for sale in April 2024, a 28.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 16 | 23 | +43.8% |
3 Bedrooms | 14 | 18 | +28.6% |
4 Bedrooms | 10 | 10 | 0.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Solana Beach housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 43.8%, 3 bedroom homes increased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 15 | +66.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Solana Beach in April 2024, up by 66.7% month-over-month. Of the 15 sold homes, 73% were sold under asking, 7% were sold at asking, and 20% were sold over asking.
Days on Market for Solana Beach, CA
How long does it take to sell a home in Solana Beach, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
12 Days | 19 Days | +52.4% |
Summary: Homes in Solana Beach had an average of 19 days on market in Apr 2024, up by 52.4% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Solana Beach; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.