Is Santa Cruz, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Santa Cruz has remained a Seller's Market.
Housing Prices in Santa Cruz, CA
How much do homes in Santa Cruz, CA cost?
Median Sold Price
$1,315,533
$868/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Santa Cruz was $1,315,533 in June 2024, down 0.7% from last year, and the median price per square foot was $868.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $464.8K | $575K | +23.7% |
2 Bedrooms | $994.2K | $1.0M | +5.6% |
3 Bedrooms | $1.3M | $1.4M | +4.3% |
4 Bedrooms | $1.8M | $1.6M | -5.7% |
5+ Bedrooms | $1.7M | $2.2M | +33.8% |
Summary: Santa Cruz housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.7%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes increased by 33.8%.
Median Sold Price Compared To Nearby Cities
Santa Cruz | $1.3M | $1.3M | -0.7% |
Felton | $867.5K | $789K | -9.0% |
Housing Supply in Santa Cruz, CA
How many homes are available in Santa Cruz, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
155 | 172 | +11.0% |
Summary: The Santa Cruz real estate market had 172 homes for sale in June 2024, a 11.0% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 12 | +33.3% |
2 Bedrooms | 50 | 53 | +6.0% |
3 Bedrooms | 52 | 61 | +17.3% |
4 Bedrooms | 30 | 31 | +3.3% |
5+ Bedrooms | 14 | 15 | +7.1% |
Summary: The Santa Cruz housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 17.3%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
41 | 43 | +4.9% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Summary: A total of 43 homes were sold or pending in Santa Cruz in June 2024, up by 4.9% month-over-month. Of the 42 sold homes, 29% were sold under asking, 12% were sold at asking, and 60% were sold over asking.
Days on Market for Santa Cruz, CA
How long does it take to sell a home in Santa Cruz, CA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
19 Days | 20 Days | +5.7% |
Summary: Homes in Santa Cruz had an average of 20 days on market in Jun 2024, up by 5.7% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 43 homes were sold in Santa Cruz; 81% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.