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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Santa Cruz County is a seller's market

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

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

How much do homes in Santa Cruz County, CA cost?

Median Sold Price

$1,200,018

$734/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$152,335(+14.5%)

Key Takeaway

Homes in Santa Cruz County have sold for 14.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $559.5K$598K
+6.9%
2 $775K$864K
+11.5%
3 $1.1M$1.2M
+15.0%
4 $1.4M$1.6M
+10.8%
5+ $1.7M$1.8M
+7.9%

Median Sold Price Compared To Nearby Counties

Santa Cruz County
+14.5%
Santa Clara County
+10.1%
San Benito County
+5.9%
Monterey County
+5.6%
San Mateo County
+0.8%

How many homes are available in Santa Cruz County, CA?

Number of Homes For Sale

Oct 2022Nov 2022%
492464-5.7%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 2931
+6.9%
2 141127
-9.9%
3 199193
-3.0%
4 8781
-6.9%
5+ 3632
-11.1%

Number of Homes Sold

Oct 2022Nov 2022%
133107-19.5%

Asking Price vs. Sold Price

53 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

41 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Santa Cruz County, you may be able to get a good deal. 51.5% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
18 Days32 Days+73.2%

Breakdown of Home Sale Times

67 Homes Were Sold
Under 30 Days

32 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Santa Cruz County 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 County, CA

There are 464 homes are for sale in Santa Cruz County, CA real estate market. Between October 2022 and November 2022, Santa Cruz County, CA real estate market has seen decrease in the number of listings by 5.7%. In November 2022 median list price was $1,200,018 and the average listing age was 32 days. Between October 2022 and November 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 6.9%, 2 bedrooms properties became 11.5% more expensive, prices of 3 bedrooms properties went up by 15%, 4 bedrooms properties became 10.8% more expensive, 5 bedrooms properties became 7.9% more expensive. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes went up by 6.9%, number of 2 bedrooms homes decreased by 9.9%, 3 bedrooms homes inventory decreased by 3%, 4 bedrooms homes inventory decreased by 6.9%, 5 bedrooms homes inventory decreased by 11.1%. While more than 41 listings in Santa Cruz County, CA in November 2022 were sold above asking price, there were more than 9 listings sold at asking price, and more than 53 were sold below.

Related Housing Market Reports