Is Summit Road, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller'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
Key Takeaway
Homes in Summit Road have sold for 10% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | May 2021 | May 2022 | % |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $899K | $1.3M | +44.6% |
| 3 Bedrooms | $1.2M | $1.4M | +12.0% |
| 4 Bedrooms | $1.6M | $1.8M | +11.8% |
| 5+ Bedrooms | $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 2022 | May 2022 | % |
|---|---|---|
| 17 | 14 | -17.6% |
Homes For Sale By Bedroom Count
| # BEDS | Apr 2022 | May 2022 | % |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 8 | 6 | -25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Number of Homes Sold
| Apr 2022 | May 2022 | % |
|---|---|---|
| 4 | 2 | -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
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 2021 | May 2022 | % |
|---|---|---|
| 58 Days | 30 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
Key Takeaway
Many homes in Summit Road are selling fast, if you're buying plan to act quickly.
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. 