Is Scotts Valley, 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, Scotts Valley has remained a Seller's Market.
Key Takeaway
Scotts Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Scotts Valley, CA
How much do homes in Scotts Valley, CA cost?
Median Sold Price
$1,217,500
$628/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Scotts Valley have sold for 3.8% less than they did a year ago.
Summary: The median home sold price in Scotts Valley was $1,217,500 in June 2024, down 3.8% from last year, and the median price per square foot was $628.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $766K | $685K | -10.6% |
| 3 Bedrooms | $1.2M | $1.2M | -2.2% |
| 4 Bedrooms | $1.4M | $1.6M | +16.3% |
| 5+ Bedrooms | $1.8M | $2.0M | +10.4% |
Summary: Scotts Valley housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.6%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes increased by 10.4%.
Housing Supply in Scotts Valley, CA
How many homes are available in Scotts Valley, CA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 42 | 49 | +16.7% |
Summary: The Scotts Valley real estate market had 49 homes for sale in June 2024, a 16.7% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 19 | 20 | +5.3% |
| 4 Bedrooms | 8 | 13 | +62.5% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Scotts Valley housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 62.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Scotts Valley, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Scotts Valley in June 2024, the same as the previous month. Of the 11 sold homes, 45% were sold under asking, 18% were sold at asking, and 36% were sold over asking.
Days on Market for Scotts Valley, CA
How long does it take to sell a home in Scotts Valley, CA?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 19 Days | 20 Days | +3.1% |
Summary: Homes in Scotts Valley had an average of 20 days on market in Jun 2024, up by 3.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Scotts Valley are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 11 homes were sold in Scotts Valley; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.