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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Solvang is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Solvang has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Solvang, CA

How much do homes in Solvang, CA cost?

Median Sold Price

$1,040,000

-

Based on all homes sold in October 2024.

Difference Since Last Month

-$635,000(-37.9%)

Key Takeaway

Homes in Solvang have sold for 37.9% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $1.6M$1.0M
-37.9%
4 --
N/A
5+ --
N/A

Summary: Solvang housing prices by bedroom type for October 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 37.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Solvang, CA

How many homes are available in Solvang, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2931+6.9%

Summary: The Solvang real estate market had 31 homes for sale in October 2024, a 6.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 1010
0.0%
4 88
0.0%
5+ 910
+11.1%

Summary: The Solvang housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Solvang, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Solvang in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Solvang, CA

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

Average Sale Time

Sep 2024Oct 2024CHANGE
2 Days74 Days+2860.0%

Summary: Homes in Solvang had an average of 74 days on market in Oct 2024, up by 2860% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Solvang has remained consistent over time.

Summary: During October 2024, 1 homes were sold in Solvang; 0% of homes were sold within 30 days, 100% 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 16 Days Ago

Newest Listings in Solvang, CA

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