Is Solvang, 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, Solvang has remained a Seller's Market.
Housing Prices in Solvang, CA
How much do homes in Solvang, CA cost?
Median Sold Price
$1,395,000
$657/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Solvang was $1,395,000 in April 2024, down 3% from last year, and the median price per square foot was $657.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $520K | $455K | -12.5% |
2 Bedrooms | $715K | $615K | -14.0% |
3 Bedrooms | $1.3M | $1.4M | +7.7% |
4 Bedrooms | $1.5M | $1.4M | -6.0% |
5+ Bedrooms | $2.2M | $1.6M | -27.7% |
Summary: Solvang housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.5%, 2 bedroom homes decreased by 14%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes decreased by 27.7%.
Median Sold Price Compared To Nearby Cities
Santa Ynez | $1.5M | $2.0M | +36.7% |
Solvang-Santa Ynez | $1.2M | $1.3M | +10.2% |
Solvang | $1.4M | $1.3M | -3.0% |
Housing Supply in Solvang, CA
How many homes are available in Solvang, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 39 | +11.4% |
Summary: The Solvang real estate market had 39 homes for sale in April 2024, a 11.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 12 | 14 | +16.7% |
4 Bedrooms | 10 | 10 | 0.0% |
5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Solvang 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 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 7 | +40.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Solvang in April 2024, up by 40.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.
Days on Market for Solvang, CA
How long does it take to sell a home in Solvang, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
61 Days | 29 Days | -51.6% |
Summary: Homes in Solvang had an average of 29 days on market in Apr 2024, down by 51.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Solvang; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.