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 May 2023

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.

Housing Prices in Santa Cruz County, CA

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

Median Sold Price

$1,115,163

$708/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$28,042(-2.5%)

Key Takeaway

Homes in Santa Cruz County have sold for 2.5% less than they did a year ago.

Summary: The median home sold price in Santa Cruz County was $1,115,163 in May 2024, down 2.5% from last year, and the median price per square foot was $708.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $600K$592.5K
-1.3%
2 $829.8K$805K
-3.0%
3 $1.2M$1.2M
-2.2%
4 $1.5M$1.5M
-1.7%
5+ $1.7M$2.0M
+19.1%

Summary: Santa Cruz County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.3%, 2 bedroom homes decreased by 3%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 19.1%.

Median Sold Price Compared To Nearby Counties

Santa Clara County
+10.4%
Monterey County
+6.5%
San Mateo County
+4.5%
San Benito County
0.4%
Santa Cruz County
-2.5%

Housing Supply in Santa Cruz County, CA

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

Number of Homes For Sale

Apr 2024May 2024CHANGE
554648+17.0%

Summary: The Santa Cruz County real estate market had 648 homes for sale in May 2024, a 17.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 3948
+23.1%
2 157180
+14.6%
3 217248
+14.3%
4 102121
+18.6%
5+ 3951
+30.8%

Summary: The Santa Cruz County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 23.1%, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 18.6%, and 5+ bedroom homes increased by 30.8%.

Number of Homes Sold

Apr 2024May 2024CHANGE
157150-4.5%

Asking Price vs. Sold Price

54 Homes Were Sold
Under Asking

29 Homes Were Sold
At Asking

64 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Santa Cruz County, you could pay more than the asking price. 43.5% of homes here sold above asking price last month.

Summary: A total of 150 homes were sold or pending in Santa Cruz County in May 2024, down by 4.5% month-over-month. Of the 147 sold homes, 37% were sold under asking, 20% were sold at asking, and 44% 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

May 2023May 2024CHANGE
27 Days30 Days+10.1%

Summary: Homes in Santa Cruz County had an average of 30 days on market in May 2024, up by 10.1% compared to last year.

Breakdown of Home Sale Times

111 Homes Were Sold
Under 30 Days

24 Homes Were Sold
In 30 - 90 Days

14 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.

Summary: During May 2024, 150 homes were sold in Santa Cruz County; 74% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.

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

Report Updated 12 Days Ago

Newest Listings in Santa Cruz County, CA

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