Is Summit Road, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Summit Road has remained a Seller's Market.
Housing Prices in Summit Road, CA
How much do homes in Summit Road, CA cost?
Median Sold Price
$1,840,000
$654/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Summit Road was $1,840,000 in April 2024, up 34.2% from last year, and the median price per square foot was $654.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $500K | - | N/A |
2 Bedrooms | $1.1M | - | N/A |
3 Bedrooms | $1.3M | $1.6M | +17.2% |
4 Bedrooms | $1.6M | $1.8M | +14.4% |
5+ Bedrooms | $1.6M | $2.3M | +48.1% |
Summary: Summit Road housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes increased by 48.1%.
Median Sold Price Compared To Nearby Cities
Summit Road | $1.3M | $1.8M | +34.2% |
Lexington Hills | $1.1M | $1.2M | +3.0% |
Llagas-Uvas | $1.5M | $1.5M | +1.3% |
Aptos | $1.3M | $1.3M | -2.0% |
Soquel | $1.4M | $1.3M | -3.2% |
Housing Supply in Summit Road, CA
How many homes are available in Summit Road, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 9 | -30.8% |
Summary: The Summit Road real estate market had 9 homes for sale in April 2024, a 30.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 4 | 3 | -25.0% |
4 Bedrooms | 7 | 6 | -14.3% |
5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Summit Road housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 2 | -75.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Summit Road in April 2024, down by 75.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Summit Road, CA
How long does it take to sell a home in Summit Road, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
110 Days | 13 Days | -88.2% |
Summary: Homes in Summit Road had an average of 13 days on market in Apr 2024, down by 88.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Summit Road; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.