Is Summit Road, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Summit Road is a neutral's market

Buyer's
Market

Difference Since May 2021

At the same time last year, Summit Road was a Seller's Market.

Key Takeaway

Summit Road is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Summit Road, CA cost?

Median Sold Price

$1,622,500

$687/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$147,500(+10.0%)

Key Takeaway

Homes in Summit Road have sold for 10% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 --
N/A
2 $899K$1.3M
+44.6%
3 $1.2M$1.4M
+12.0%
4 $1.6M$1.8M
+11.8%
5+ $1.6M$2.4M
+46.9%

Median Sold Price Compared To Nearby Cities

Aptos
+28.3%
Llagas-Uvas
+18.5%
Soquel
+13.1%
Summit Road
+10.0%
Lexington Hills
+7.2%

How many homes are available in Summit Road, CA?

Number of Homes For Sale

Apr 2022May 2022%
1714-17.6%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 11
0.0%
2 00
0.0%
3 76
-14.3%
4 86
-25.0%
5+ 11
0.0%

Number of Homes Sold

Apr 2022May 2022%
42-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Summit Road, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Average Sale Time

May 2021May 2022%
58 Days30 Days-48.1%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Summit Road 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 Summit Road, CA

Summit Road, CA has 14 homes for sale to choose from. Between April 2022 and May 2022, Summit Road, CA real estate market has seen decrease in the number of listings by 17.6%. In May 2022, listings were on the market for 30 days. During the same period, the median list price in this real estate market was $1,622,500. This housing market listing prices have changed between April 2022 and May 2022: 1 bedroom properties became 0% more expensive, 2 bedrooms properties prices increased by 44.6%, prices of 3 bedrooms properties increased by 12%, 4 bedrooms properties became 11.8% more expensive, 5 bedrooms properties prices increased by 46.9%. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes inventory did not change, number of 3 bedrooms homes decreased by 14.3%, 4 bedrooms homes became 25% less available, 5 bedrooms homes inventory did not change. In May 2022, from all listings sold in Summit Road, CA there were more than 2 sold above asking price, over 0 sold below and more than 0 were sold right at the asked price.

Related Housing Market Reports