Is Soquel, 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, Soquel has remained a Seller's Market.
Key Takeaway
Soquel is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Soquel, CA
How much do homes in Soquel, CA cost?
Median Sold Price
$1,428,000
$721/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Soquel have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Soquel was $1,428,000 in May 2024, up 1.1% from last year, and the median price per square foot was $721.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $829K | - | N/A |
| 2 Bedrooms | $962.5K | $860K | -10.6% |
| 3 Bedrooms | $1.3M | $1.3M | 0.2% |
| 4 Bedrooms | $1.6M | $1.7M | +11.7% |
| 5+ Bedrooms | $1.1M | $1.6M | +42.0% |
Summary: Soquel housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.6%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes increased by 42%.
Housing Supply in Soquel, CA
How many homes are available in Soquel, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 30 | 28 | -6.7% |
Summary: The Soquel real estate market had 28 homes for sale in May 2024, a 6.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 17 | 15 | -11.8% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Soquel housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Soquel, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Soquel in May 2024, down by 30.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Soquel, CA
How long does it take to sell a home in Soquel, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 8 Days | 12 Days | +38.2% |
Summary: Homes in Soquel had an average of 12 days on market in May 2024, up by 38.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Soquel are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Soquel; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.