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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Buellton is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Buellton was a Seller's Market.

Key Takeaway

Buellton is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Buellton, CA

How much do homes in Buellton, CA cost?

Median Sold Price

$986,000

$527/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$176,000(+21.7%)

Key Takeaway

Homes in Buellton have sold for 21.7% more than they did a year ago.

Summary: The median home sold price in Buellton was $986,000 in May 2024, up 21.7% from last year, and the median price per square foot was $527.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $699K$540K
-22.7%
3 $800K$845K
+5.6%
4 $955.9K$1.0M
+9.3%
5+ $966.2K$1.2M
+34.0%

Summary: Buellton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 22.7%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 34%.

Median Sold Price Compared To Nearby Cities

Buellton
+21.7%
Solvang-Santa Ynez
+15.8%

Housing Supply in Buellton, CA

How many homes are available in Buellton, CA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1621+31.3%

Summary: The Buellton real estate market had 21 homes for sale in May 2024, a 31.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 01
+100.0%
2 24
+100.0%
3 67
+16.7%
4 88
0.0%
5+ 01
+100.0%

Summary: The Buellton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Buellton, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Buellton in May 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Buellton, CA

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

Average Sale Time

May 2023May 2024CHANGE
16 Days275 Days+1556.6%

Summary: Homes in Buellton had an average of 275 days on market in May 2024, up by 1556.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Buellton are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During May 2024, 3 homes were sold in Buellton; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% 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 1 Day Ago

Newest Listings in Buellton, CA

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