Is Solano County, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Solano County is a seller's market

Buyer's
Market

Difference Since October 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

$575,015

$351/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$5,418(+1.0%)

Key Takeaway

Homes in Solano County have sold for 1% more than they did a year ago.

Summary: The median home sold price in Solano County was $575,015 in October 2024, up 1% from last year, and the median price per square foot was $351.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $280K$287K
+2.5%
2 $435K$440K
+1.1%
3 $545K$550K
+0.9%
4 $658.3K$675K
+2.5%
5+ $779.5K$799.8K
+2.6%

Summary: Solano County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.5%, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 2.6%.

Median Sold Price Compared To Nearby Counties

Napa County
+4.9%
Contra Costa County
+3.2%
Solano County
+1.0%

Housing Supply in Solano County, CA

How many homes are available in Solano County, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1,1481,182+3.0%

Summary: The Solano County real estate market had 1,182 homes for sale in October 2024, a 3.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1417
+21.4%
2 216233
+7.9%
3 455472
+3.7%
4 371367
-1.1%
5+ 9293
+1.1%

Summary: The Solano County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 21.4%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 1.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
286283-1.0%

Asking Price vs. Sold Price

103 Homes Were Sold
Under Asking

65 Homes Were Sold
At Asking

112 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Solano County, you could pay more than the asking price. 40% of homes here sold above asking price last month.

Summary: A total of 283 homes were sold or pending in Solano County in October 2024, down by 1.0% month-over-month. Of the 280 sold homes, 37% were sold under asking, 23% were sold at asking, and 40% 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

Oct 2023Oct 2024CHANGE
30 Days36 Days+20.8%

Summary: Homes in Solano County had an average of 36 days on market in Oct 2024, up by 20.8% compared to last year.

Breakdown of Home Sale Times

40 Homes Were Sold
Under 30 Days

31 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 283 homes were sold in Solano County; 14% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 2% 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 20 Days Ago

Newest Listings in Solano County, CA

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