Is Santa Cruz County, 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 County has remained a Seller's Market.
Housing Prices in Santa Cruz County, CA
How much do homes in Santa Cruz County, CA cost?
Median Sold Price
$1,125,964
$712/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Santa Cruz County was $1,125,964 in June 2024, down 0.6% from last year, and the median price per square foot was $712.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $600K | $575K | -4.2% |
2 Bedrooms | $833.5K | $807.7K | -3.1% |
3 Bedrooms | $1.2M | $1.2M | -1.2% |
4 Bedrooms | $1.5M | $1.5M | +3.5% |
5+ Bedrooms | $1.7M | $1.9M | +17.3% |
Summary: Santa Cruz County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.2%, 2 bedroom homes decreased by 3.1%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 17.3%.
Median Sold Price Compared To Nearby Counties
Santa Clara County | $1.4M | $1.5M | +10.9% |
Monterey County | $799.7K | $867.4K | +8.5% |
San Mateo County | $1.5M | $1.6M | +5.5% |
San Benito County | $755K | $769.3K | +1.9% |
Santa Cruz County | $1.1M | $1.1M | -0.6% |
Housing Supply in Santa Cruz County, CA
How many homes are available in Santa Cruz County, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
615 | 675 | +9.8% |
Summary: The Santa Cruz County real estate market had 675 homes for sale in June 2024, a 9.8% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 45 | 48 | +6.7% |
2 Bedrooms | 174 | 192 | +10.3% |
3 Bedrooms | 237 | 263 | +11.0% |
4 Bedrooms | 113 | 119 | +5.3% |
5+ Bedrooms | 46 | 53 | +15.2% |
Summary: The Santa Cruz County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.7%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 15.2%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
151 | 147 | -2.6% |
Asking Price vs. Sold Price
54 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
64 Homes Were Sold
Over Asking
Summary: A total of 147 homes were sold or pending in Santa Cruz County in June 2024, down by 2.6% month-over-month. Of the 142 sold homes, 38% were sold under asking, 17% were sold at asking, and 45% were sold over asking.
Days on Market for Santa Cruz County, CA
How long does it take to sell a home in Santa Cruz County, CA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
24 Days | 27 Days | +9.9% |
Summary: Homes in Santa Cruz County had an average of 27 days on market in Jun 2024, up by 9.9% compared to last year.
Breakdown of Home Sale Times
102 Homes Were Sold
Under 30 Days
35 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During June 2024, 147 homes were sold in Santa Cruz County; 69% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.