Is Solano County, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Solano County has remained a Seller's Market.
Key Takeaway
Solano County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Solano County, CA
How much do homes in Solano County, CA cost?
Median Sold Price
$570,047
$350/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Solano County have sold for 0.6% less than they did a year ago.
Summary: The median home sold price in Solano County was $570,047 in May 2024, down 0.6% from last year, and the median price per square foot was $350.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $288K | $289K | 0.3% |
| 2 Bedrooms | $439.6K | $440K | 0.1% |
| 3 Bedrooms | $545K | $550K | +0.9% |
| 4 Bedrooms | $655.2K | $669.3K | +2.1% |
| 5+ Bedrooms | $775K | $800K | +3.2% |
Summary: Solano County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.3%, 2 bedroom homes increased by 0.1%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 3.2%.
Median Sold Price Compared To Nearby Counties
| Contra Costa County | $788.8K | $801.3K | +1.6% |
| Napa County | $886.4K | $885.9K | -0.1% |
| Solano County | $573.6K | $570K | -0.6% |
Housing Supply in Solano County, CA
How many homes are available in Solano County, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1,014 | 1,164 | +14.8% |
Summary: The Solano County real estate market had 1,164 homes for sale in May 2024, a 14.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 19 | +26.7% |
| 2 Bedrooms | 205 | 224 | +9.3% |
| 3 Bedrooms | 397 | 453 | +14.1% |
| 4 Bedrooms | 321 | 375 | +16.8% |
| 5+ Bedrooms | 76 | 93 | +22.4% |
Summary: The Solano County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 26.7%, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 14.1%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes increased by 22.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 266 | 274 | +3.0% |
Asking Price vs. Sold Price
92 Homes Were Sold
Under Asking
70 Homes Were Sold
At Asking
105 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Solano County, you could pay more than the asking price. 39.3% of homes here sold above asking price last month.
Summary: A total of 274 homes were sold or pending in Solano County in May 2024, up by 3.0% month-over-month. Of the 267 sold homes, 34% were sold under asking, 26% were sold at asking, and 39% were sold over asking.
Days on Market for Solano County, CA
How long does it take to sell a home in Solano County, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 29 Days | 33 Days | +12.8% |
Summary: Homes in Solano County had an average of 33 days on market in May 2024, up by 12.8% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Solano County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 274 homes were sold in Solano County; 14% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.
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