Is Soledad, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Soledad is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Soledad has remained a Seller's Market.

Key Takeaway

Soledad is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Soledad, CA

How much do homes in Soledad, CA cost?

Median Sold Price

$560,000

$388/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$8,900(-1.6%)

Key Takeaway

Homes in Soledad have sold for 1.6% less than they did a year ago.

Summary: The median home sold price in Soledad was $560,000 in April 2024, down 1.6% from last year, and the median price per square foot was $388.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $360K$360K
0.0%
2 $457.5K$497K
+8.6%
3 $525K$529K
+0.8%
4 $599.9K$615K
+2.5%
5+ $659.5K$530K
-19.6%

Summary: Soledad housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 19.6%.

Housing Supply in Soledad, CA

How many homes are available in Soledad, CA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
139-30.8%

Summary: The Soledad real estate market had 9 homes for sale in April 2024, a 30.8% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 22
0.0%
3 41
-75.0%
4 54
-20.0%
5+ 22
0.0%

Summary: The Soledad 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 remained the same, 3 bedroom homes decreased by 75%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
550.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Soledad, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in Soledad in April 2024, the same as the previous month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.

Days on Market for Soledad, CA

How long does it take to sell a home in Soledad, CA?

Average Sale Time

Apr 2023Apr 2024CHANGE
49 Days10 Days-78.0%

Summary: Homes in Soledad had an average of 10 days on market in Apr 2024, down by 78% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Soledad are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 5 homes were sold in Soledad; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 13 Days Ago

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