Is Santa Cruz, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Santa Cruz is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Santa Cruz has remained a Seller's Market.

Key Takeaway

Santa Cruz is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Santa Cruz, CA cost?

Median Sold Price

$1,323,750

$904/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$198,083(+17.6%)

Key Takeaway

Homes in Santa Cruz have sold for 17.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $500K$750K
+50.0%
2 $869.5K$1.0M
+17.7%
3 $1.2M$1.4M
+22.1%
4 $1.6M$1.8M
+13.7%
5+ $1.9M$2.0M
+6.0%

Median Sold Price Compared To Nearby Cities

Santa Cruz
+17.6%
West Santa Cruz
+6.5%
Felton
+6.2%

How many homes are available in Santa Cruz, CA?

Number of Homes For Sale

Jul 2022Aug 2022%
8089+11.3%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 33
0.0%
2 2527
+8.0%
3 3235
+9.4%
4 1317
+30.8%
5+ 77
0.0%

Number of Homes Sold

Jul 2022Aug 2022%
2327+17.4%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Santa Cruz, you could pay more than the asking price. 51.9% of homes here sold above asking price last month.

Average Sale Time

Aug 2021Aug 2022%
17 Days19 Days+14.7%

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Santa Cruz are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Santa Cruz, CA

Homes for sale in Santa Cruz, CA have reached 89. The number of listings in Santa Cruz, CA increased by 11.3% between July 2022 and August 2022. The median list price of listings available in August 2022 was $1,323,750, while the average time on the real estate market was 19 days. Listing prices have changed in this real estate market between July 2022 and August 2022: prices of 1 bedroom properties increased by 50%, the cost of 2 bedrooms properties went up by 17.7%, 3 bedrooms properties prices increased by 22.1%, prices of 4 bedrooms properties went up by 13.7%, prices of 5 bedrooms properties increased by 6%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes remained the same, volume of 2 bedrooms homes went up by 8%, 3 bedrooms homes inventory increased by 9.4%, volume of 4 bedrooms homes went up by 30.8%, the quantity of 5 bedrooms homes have not changed. In August 2022, from all listings sold in Santa Cruz, CA there were more than 14 sold above asking price, over 10 sold below and more than 3 were sold right at the asked price.

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