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.
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
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
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
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.