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.
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
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
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
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.