Is Santa Ynez, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Santa Ynez is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Santa Ynez was a Neutral Market.

Key Takeaway

Santa Ynez is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Santa Ynez, CA

How much do homes in Santa Ynez, CA cost?

Median Sold Price

$2,150,000

$828/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$642,500(+42.6%)

Key Takeaway

Homes in Santa Ynez have sold for 42.6% more than they did a year ago.

Summary: The median home sold price in Santa Ynez was $2,150,000 in May 2024, up 42.6% from last year, and the median price per square foot was $828.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $1.0M-
N/A
2 $1.5M$1.5M
-1.6%
3 $1.3M$1.6M
+22.6%
4 $3.1M$2.3M
-25.8%
5+ $7.4M$8.5M
+15.0%

Summary: Santa Ynez 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 1.6%, 3 bedroom homes increased by 22.6%, 4 bedroom homes decreased by 25.8%, and 5+ bedroom homes increased by 15%.

Median Sold Price Compared To Nearby Cities

Santa Ynez
+42.6%
Solvang-Santa Ynez
+15.8%
Solvang
+2.9%

Housing Supply in Santa Ynez, CA

How many homes are available in Santa Ynez, CA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4252+23.8%

Summary: The Santa Ynez real estate market had 52 homes for sale in May 2024, a 23.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 13
+200.0%
2 12
+100.0%
3 2027
+35.0%
4 1214
+16.7%
5+ 86
-25.0%

Summary: The Santa Ynez housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 35%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Apr 2024May 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Santa Ynez, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Santa Ynez in May 2024, up by 66.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.

Days on Market for Santa Ynez, CA

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

Average Sale Time

May 2023May 2024CHANGE
84 Days27 Days-68.0%

Summary: Homes in Santa Ynez had an average of 27 days on market in May 2024, down by 68% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 5 homes were sold in Santa Ynez; 60% of homes were sold within 30 days, 40% 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 1 Day Ago

Newest Listings in Santa Ynez, CA

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