July 2022
Solano County
Market Report
Solano
What's in the Solano data? Solano’s median sold price for single-family homes slightly increased month-to-month to $625,000. The number of homes sold decreased slightly to 315 while the number of new listings increased to 759. The number of condo & townhouses sales is at $400,000 with 63 new listings and 19 homes sold. Only about 6% of all homes for sale were actually completed due to supply constraints which is adding to the scarcity of home supply. Meanwhile the demand for homes continues to rise albeit the rise in sales prices creating an imbalance in supply and demand.
759 New Listings
315 Sold Listings
1.6 Months of Inventory
$625K Median Sale Price
100.4% Median Sale vs List
26 Avg Days on Market
SINGLE FAMILY HOMES
This data is sourced from BrokerMetrics for the period 06/2021 thru 06/2022. Data may include preliminary data and may vary from the time this data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to KW Advisors. 415.483.9285 DRE# 01995149 | DRE# 01906450 Copyright KW Advisors 2022. Each Office is independently owned and operated.
63 New Listings
19 Sold Listings
1.9 Months of Inventory
$400K Median Sale Price
100.8% Median Sale vs List
Solano at a glance
20 CONDOS & TOWNHOMES
Avg Days on Market
20 21
20 21
CONDOS
Last 12 months, year-over-year Ju ne
M ay
20 22
20 22
20 21
20 21
Ju ne
M ay
20 22
20 22
Ap ril 20 22
Au gu st 20 21 Se pt em be r2 02 1 O ct ob er 20 21 N ov em be r2 02 1 De ce m be r2 02 1 Ja nu ar y 20 22 Fe br ua ry 20 22 M ar ch 20 22
Ju ly
Ju ne
SALE VS
Ap ril 20 22
Au gu st 20 21 Se pt em be r2 02 1 O ct ob er 20 21 N ov em be r2 02 1 De ce m be r2 02 1 Ja nu ar y 20 22 Fe br ua ry 20 22 M ar ch 20 22
Ju ly
Ju ne
LISTINGS FOR SOLD LISTINGS
SOLANO JUNE 2021 - JUNE 2022
1,250
1,000
750
500
250
0
SINGLE FAMILY HOMES
Last 12 months, year-over-year
100
75
50
25
0
SOLANO COUNTY JULY 2022
$750,000
The median sales price has gone up from $575k last June 2021, to $625k by June 2022.
$500,000
$250,000
Condos & Townhomes
20 21 Au gu st Se 20 pt 21 em be r2 02 O 1 ct ob er 20 N ov 21 em be r2 De 02 ce 1 m be r2 02 Ja 1 nu ar y 20 Fe 22 br ua ry 20 22 M ar ch 20 22 Ap ril 20 22 M ay 20 22 Ju ne 20 22
The median sales price has slightly increased from $375k of June 2021 to $400k by June 2022.
Ju ly
20 21
$0
Ju ne
MEDIAN SALES PRICE
Single Family Homes
50
Single Family Homes The average days on market from last year to this year remained 26 days.
30
20
Condos & Townhomes 10
The average days on market significantly decreased from 35 days last year's June, to 20 days this year.
Ju ly
20 21
20 21 Au gu st 20 Se 21 pt em be r2 02 O 1 ct ob er 20 N ov 21 em be r2 De 02 ce 1 m be r2 02 1 Ja nu ar y 20 Fe 22 br ua ry 20 22 M ar ch 20 22 Ap ril 20 22 M ay 20 22 Ju ne 20 22
0
Ju ne
AVG DAYS ON MARKET
40
125%
Single Family Homes 100%
The overbid percentage has decreased from 105.1% last year to 100.4% this year's June.
75%
Condos & Townhomes
25%
Au gu st 20 Se 21 pt em be r2 02 O 1 ct ob er 20 N ov 21 em be r2 De 02 ce 1 m be r2 02 1 Ja nu ar y 20 Fe 22 br ua ry 20 22 M ar ch 20 22 Ap ril 20 22 M ay 20 22 Ju ne 20 22
20 21
Ju ly
20 21
0%
Ju ne
OVERBIDS
50%
The overbid percentage has slightly decreased from 104.4% last year t8 100.8% this year's June.
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