Is Solana Beach, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Solana Beach was a Seller's Market.
Key Takeaway
Solana Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Solana Beach, CA
How much do homes in Solana Beach, CA cost?
Median Sold Price
$1,900,000
$1,013/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Solana Beach have sold for 12.6% more than they did a year ago.
Summary: The median home sold price in Solana Beach was $1,900,000 in May 2024, up 12.6% from last year, and the median price per square foot was $1,013.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $999.9K | $751K | -24.9% |
| 2 Bedrooms | $1.3M | $1.2M | -5.1% |
| 3 Bedrooms | $1.6M | $2.0M | +21.1% |
| 4 Bedrooms | $2.6M | $3.2M | +25.8% |
| 5+ Bedrooms | $4.6M | $3.2M | -28.8% |
Summary: Solana Beach housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.9%, 2 bedroom homes decreased by 5.1%, 3 bedroom homes increased by 21.1%, 4 bedroom homes increased by 25.8%, and 5+ bedroom homes decreased by 28.8%.
Housing Supply in Solana Beach, CA
How many homes are available in Solana Beach, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 54 | 61 | +13.0% |
Summary: The Solana Beach real estate market had 61 homes for sale in May 2024, a 13.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 22 | 23 | +4.5% |
| 3 Bedrooms | 17 | 17 | 0.0% |
| 4 Bedrooms | 8 | 11 | +37.5% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Solana Beach housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 4.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 6 | -62.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Solana Beach, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Solana Beach in May 2024, down by 62.5% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 34 Days | 13 Days | -59.9% |
Summary: Homes in Solana Beach had an average of 13 days on market in May 2024, down by 59.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Solana Beach are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Solana Beach; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.