Is Santa Cruz, 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, Santa Cruz has remained a Seller's Market.
Housing Prices in Santa Cruz, CA
How much do homes in Santa Cruz, CA cost?
Median Sold Price
$1,305,000
$849/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Santa Cruz was $1,305,000 in April 2024, down 1.7% from last year, and the median price per square foot was $849.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $464.9K | $572.5K | +23.1% |
2 Bedrooms | $1.0M | $1.0M | -1.5% |
3 Bedrooms | $1.3M | $1.4M | +4.0% |
4 Bedrooms | $1.7M | $1.7M | +1.7% |
5+ Bedrooms | $1.8M | $2.2M | +27.8% |
Summary: Santa Cruz housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.1%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 27.8%.
Median Sold Price Compared To Nearby Cities
West Santa Cruz | $1.0M | $1.1M | +12.7% |
Santa Cruz | $1.3M | $1.3M | -1.7% |
Felton | $842.5K | $789K | -6.4% |
Housing Supply in Santa Cruz, CA
How many homes are available in Santa Cruz, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
116 | 163 | +40.5% |
Summary: The Santa Cruz real estate market had 163 homes for sale in April 2024, a 40.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 12 | +33.3% |
2 Bedrooms | 36 | 44 | +22.2% |
3 Bedrooms | 39 | 55 | +41.0% |
4 Bedrooms | 23 | 35 | +52.2% |
5+ Bedrooms | 9 | 17 | +88.9% |
Summary: The Santa Cruz housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 41%, 4 bedroom homes increased by 52.2%, and 5+ bedroom homes increased by 88.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 51 | +96.2% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Summary: A total of 51 homes were sold or pending in Santa Cruz in April 2024, up by 96.2% month-over-month. Of the 51 sold homes, 37% were sold under asking, 12% were sold at asking, and 51% were sold over asking.
Days on Market for Santa Cruz, CA
How long does it take to sell a home in Santa Cruz, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 22 Days | -10.0% |
Summary: Homes in Santa Cruz had an average of 22 days on market in Apr 2024, down by 10% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 51 homes were sold in Santa Cruz; 80% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.