Is Solano County, 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, Solano County has remained a Seller's Market.
Key Takeaway
Solano County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Solano County, CA
How much do homes in Solano County, CA cost?
Median Sold Price
$571,443
$349/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Solano County have sold for 0.7% less than they did a year ago.
Summary: The median home sold price in Solano County was $571,443 in April 2024, down 0.7% from last year, and the median price per square foot was $349.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $287K | $285K | -0.7% |
| 2 Bedrooms | $440K | $440K | 0.0% |
| 3 Bedrooms | $549.4K | $550K | 0.1% |
| 4 Bedrooms | $660K | $668.1K | +1.2% |
| 5+ Bedrooms | $780K | $799.8K | +2.5% |
Summary: Solano County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.7%, 2 bedroom homes did not change, 3 bedroom homes increased by 0.1%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 2.5%.
Median Sold Price Compared To Nearby Counties
| Contra Costa County | $800.1K | $800K | 0% |
| Solano County | $575.1K | $571.4K | -0.7% |
| Napa County | $899.1K | $880.1K | -2.1% |
Housing Supply in Solano County, CA
How many homes are available in Solano County, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 938 | 1,002 | +6.8% |
Summary: The Solano County real estate market had 1,002 homes for sale in April 2024, a 6.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 15 | 0.0% |
| 2 Bedrooms | 214 | 210 | -1.9% |
| 3 Bedrooms | 374 | 394 | +5.3% |
| 4 Bedrooms | 265 | 307 | +15.8% |
| 5+ Bedrooms | 70 | 76 | +8.6% |
Summary: The Solano County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 8.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 280 | 250 | -10.7% |
Asking Price vs. Sold Price
82 Homes Were Sold
Under Asking
57 Homes Were Sold
At Asking
109 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Solano County, you could pay more than the asking price. 44% of homes here sold above asking price last month.
Summary: A total of 250 homes were sold or pending in Solano County in April 2024, down by 10.7% month-over-month. Of the 248 sold homes, 33% were sold under asking, 23% were sold at asking, and 44% were sold over asking.
Days on Market for Solano County, CA
How long does it take to sell a home in Solano County, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 46 Days | 31 Days | -31.8% |
Summary: Homes in Solano County had an average of 31 days on market in Apr 2024, down by 31.8% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Solano County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 250 homes were sold in Solano County; 14% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
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