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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Soledad is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Soledad has remained a Seller's Market.

Key Takeaway

Soledad is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Soledad, CA

How much do homes in Soledad, CA cost?

Median Sold Price

$661,000

$384/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$108,000(-14.0%)

Key Takeaway

Homes in Soledad have sold for 14% less than they did a month ago.

Summary: The median home sold price in Soledad was $661,000 in November 2024, down 14% from last month, and the median price per square foot was $384.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $719.5K$700K
-2.7%
4 $628K$626K
-0.3%
5+ $799.5K$690K
-13.7%

Summary: Soledad housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 2.7%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes decreased by 13.7%.

Housing Supply in Soledad, CA

How many homes are available in Soledad, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
18180.0%

Summary: The Soledad real estate market had 18 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 66
0.0%
4 67
+16.7%
5+ 43
-25.0%

Summary: The Soledad housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
56+20.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Soledad, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in Soledad in November 2024, up by 20.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.

Days on Market for Soledad, CA

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

Average Sale Time

Oct 2024Nov 2024CHANGE
48 Days41 Days-15.3%

Summary: Homes in Soledad had an average of 41 days on market in Nov 2024, down by 15.3% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 6 homes were sold in Soledad; 50% of homes were sold within 30 days, 50% 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 17 Days Ago

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