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 April 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
$1,380,000
$675/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Solvang-Santa Ynez was $1,380,000 in April 2024, up 10.2% from last year, and the median price per square foot was $675.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $470K | $455K | -3.2% |
2 Bedrooms | $740K | $659.7K | -10.8% |
3 Bedrooms | $1.2M | $1.4M | +12.0% |
4 Bedrooms | $1.5M | $1.4M | -6.8% |
5+ Bedrooms | $1.7M | $1.8M | +6.9% |
Summary: Solvang-Santa Ynez housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.2%, 2 bedroom homes decreased by 10.8%, 3 bedroom homes increased by 12%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes increased by 6.9%.
Median Sold Price Compared To Nearby Cities
Santa Ynez | $1.5M | $2.0M | +36.7% |
Buellton | $810K | $900K | +11.1% |
Solvang-Santa Ynez | $1.2M | $1.3M | +10.2% |
Solvang | $1.4M | $1.3M | -3.0% |
Housing Supply in Solvang-Santa Ynez, CA
How many homes are available in Solvang-Santa Ynez, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
101 | 115 | +13.9% |
Summary: The Solvang-Santa Ynez real estate market had 115 homes for sale in April 2024, a 13.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 10 | 10 | 0.0% |
3 Bedrooms | 46 | 53 | +15.2% |
4 Bedrooms | 26 | 31 | +19.2% |
5+ Bedrooms | 18 | 19 | +5.6% |
Summary: The Solvang-Santa Ynez 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 remained the same, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 19.2%, and 5+ bedroom homes increased by 5.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 12 | +50.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Solvang-Santa Ynez in April 2024, up by 50.0% month-over-month. Of the 12 sold homes, 75% were sold under asking, 17% were sold at asking, and 8% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
43 Days | 54 Days | +25.6% |
Summary: Homes in Solvang-Santa Ynez had an average of 54 days on market in Apr 2024, up by 25.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Solvang-Santa Ynez; 42% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.