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 November 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

$1,390,000

$934/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$190,000(+15.8%)

Key Takeaway

Homes in Santa Cruz have sold for 15.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $552K$660K
+19.6%
2 $932.5K$1.0M
+10.5%
3 $1.3M$1.4M
+13.0%
4 $1.6M$1.8M
+12.4%
5+ $1.9M$2.3M
+21.8%

Median Sold Price Compared To Nearby Cities

Santa Cruz
+15.8%
Felton
+11.1%
West Santa Cruz
+3.2%

How many homes are available in Santa Cruz, CA?

Number of Homes For Sale

Oct 2022Nov 2022%
6861-10.3%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 21
-50.0%
2 1617
+6.3%
3 2719
-29.6%
4 1617
+6.3%
5+ 77
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
2814-50.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Santa Cruz, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
15 Days25 Days+63.4%

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was 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

Santa Cruz, CA has 61 homes on the market. The inventory of homes for sale in Santa Cruz, CA between October 2022 and November 2022 decreased by 10.3%. While the average time on the market in November 2022 was 25 days, the median list price was $1,390,000. Listing prices have changed in this real estate market between October 2022 and November 2022: 1 bedroom properties prices increased by 19.6%, the cost of 2 bedrooms properties went up by 10.5%, 3 bedrooms properties prices increased by 13%, 4 bedrooms properties prices increased by 12.4%, prices of 5 bedrooms properties increased by 21.8%. This housing market inventory have changed: volume of 1 bedroom homes went down by 50%, 2 bedrooms homes inventory increased by 6.3%, volume of 3 bedrooms homes went down by 29.6%, the quantity of 4 bedrooms homes went up by 6.3%, the quantity of 5 bedrooms homes have not changed. In November 2022, from all listings sold in Santa Cruz, CA there were more than 5 sold above asking price, over 7 sold below and more than 1 were sold right at the asked price.

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