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 May 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
$1,390,050
$675/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Solvang-Santa Ynez was $1,390,050 in May 2024, up 15.8% from last year, and the median price per square foot was $675.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $520K | $435K | -16.3% |
2 Bedrooms | $740K | $629.7K | -14.9% |
3 Bedrooms | $1.2M | $1.4M | +16.7% |
4 Bedrooms | $1.5M | $1.3M | -9.8% |
5+ Bedrooms | $1.9M | $1.7M | -11.9% |
Summary: Solvang-Santa Ynez housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.3%, 2 bedroom homes decreased by 14.9%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 9.8%, and 5+ bedroom homes decreased by 11.9%.
Median Sold Price Compared To Nearby Cities
Santa Ynez | $1.5M | $2.1M | +42.6% |
Buellton | $810K | $986K | +21.7% |
Solvang-Santa Ynez | $1.2M | $1.3M | +15.8% |
Solvang | $1.3M | $1.4M | +2.9% |
Housing Supply in Solvang-Santa Ynez, CA
How many homes are available in Solvang-Santa Ynez, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
112 | 131 | +17.0% |
Summary: The Solvang-Santa Ynez real estate market had 131 homes for sale in May 2024, a 17.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 5 | +150.0% |
2 Bedrooms | 8 | 9 | +12.5% |
3 Bedrooms | 52 | 60 | +15.4% |
4 Bedrooms | 31 | 37 | +19.4% |
5+ Bedrooms | 19 | 20 | +5.3% |
Summary: The Solvang-Santa Ynez housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes increased by 5.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 19 | +46.2% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Solvang-Santa Ynez in May 2024, up by 46.2% month-over-month. Of the 19 sold homes, 74% were sold under asking, 11% were sold at asking, and 16% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
26 Days | 87 Days | +234.8% |
Summary: Homes in Solvang-Santa Ynez had an average of 87 days on market in May 2024, up by 234.8% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 19 homes were sold in Solvang-Santa Ynez; 42% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.