Is Santa Cruz County, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Santa Cruz County has remained a Buyer's Market.
Key Takeaway
Santa Cruz County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Santa Cruz County, AZ
How much do homes in Santa Cruz County, AZ cost?
Median Sold Price
$277,500
$176/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Santa Cruz County have sold for 5.9% less than they did a month ago.
Summary: The median home sold price in Santa Cruz County was $277,500 in March 2024, down 5.9% from last month, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $95K | $420K | +342.1% |
| 3 Bedrooms | $440K | $277.5K | -36.9% |
| 4 Bedrooms | $290K | $270K | -6.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: Santa Cruz County housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 342.1%, 3 bedroom homes decreased by 36.9%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes did not change.
Housing Supply in Santa Cruz County, AZ
How many homes are available in Santa Cruz County, AZ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 183 | 232 | +26.8% |
Summary: The Santa Cruz County real estate market had 232 homes for sale in March 2024, a 26.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 5 | +150.0% |
| 2 Bedrooms | 32 | 43 | +34.4% |
| 3 Bedrooms | 107 | 130 | +21.5% |
| 4 Bedrooms | 31 | 40 | +29.0% |
| 5+ Bedrooms | 11 | 14 | +27.3% |
Summary: The Santa Cruz County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes increased by 34.4%, 3 bedroom homes increased by 21.5%, 4 bedroom homes increased by 29%, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Santa Cruz County, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Santa Cruz County in March 2024, up by 20.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Santa Cruz County, AZ
How long does it take to sell a home in Santa Cruz County, AZ?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 81 Days | 71 Days | -12.4% |
Summary: Homes in Santa Cruz County had an average of 71 days on market in Mar 2024, down by 12.4% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Santa Cruz County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in Santa Cruz County; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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