Is Capitola, 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, Capitola has remained a Seller's Market.
Housing Prices in Capitola, CA
How much do homes in Capitola, CA cost?
Median Sold Price
$875,000
$843/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Capitola was $875,000 in May 2024, down 16.7% from last year, and the median price per square foot was $843.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $1.6M | $732.4K | -55.6% |
2 Bedrooms | $745K | $735K | -1.3% |
3 Bedrooms | $1.6M | $1.6M | -1.4% |
4 Bedrooms | $1.9M | $1.6M | -16.9% |
5+ Bedrooms | - | $1.4M | N/A |
Summary: Capitola housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 55.6%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 16.9%, and 5+ bedroom homes did not change.
Housing Supply in Capitola, CA
How many homes are available in Capitola, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
28 | 29 | +3.6% |
Summary: The Capitola real estate market had 29 homes for sale in May 2024, a 3.6% increase 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 | 15 | 15 | 0.0% |
3 Bedrooms | 9 | 7 | -22.2% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Capitola 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 remained the same, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 7 | -41.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Capitola in May 2024, down by 41.7% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for Capitola, CA
How long does it take to sell a home in Capitola, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
73 Days | 16 Days | -77.1% |
Summary: Homes in Capitola had an average of 16 days on market in May 2024, down by 77.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Capitola; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.