Is Santa Cruz County, 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 County has remained a Seller's Market.
Key Takeaway
Santa Cruz County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Santa Cruz County, CA
How much do homes in Santa Cruz County, CA cost?
Median Sold Price
$1,129,137
$711/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Santa Cruz County have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in Santa Cruz County was $1,129,137 in April 2024, down 1.1% from last year, and the median price per square foot was $711.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $599K | $626.5K | +4.6% |
| 2 Bedrooms | $850K | $800K | -5.9% |
| 3 Bedrooms | $1.2M | $1.2M | -2.1% |
| 4 Bedrooms | $1.5M | $1.5M | -2.1% |
| 5+ Bedrooms | $1.7M | $2.0M | +19.1% |
Summary: Santa Cruz County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.6%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 19.1%.
Median Sold Price Compared To Nearby Counties
| Santa Clara County | $1.4M | $1.5M | +7.4% |
| Monterey County | $803.5K | $844.7K | +5.1% |
| San Mateo County | $1.5M | $1.5M | +2.4% |
| Santa Cruz County | $1.1M | $1.1M | -1.1% |
| San Benito County | $768K | $754.8K | -1.7% |
Housing Supply in Santa Cruz County, CA
How many homes are available in Santa Cruz County, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 472 | 579 | +22.7% |
Summary: The Santa Cruz County real estate market had 579 homes for sale in April 2024, a 22.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 31 | 38 | +22.6% |
| 2 Bedrooms | 140 | 161 | +15.0% |
| 3 Bedrooms | 176 | 228 | +29.5% |
| 4 Bedrooms | 89 | 107 | +20.2% |
| 5+ Bedrooms | 36 | 45 | +25.0% |
Summary: The Santa Cruz County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.6%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 29.5%, 4 bedroom homes increased by 20.2%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 121 | 159 | +31.4% |
Asking Price vs. Sold Price
62 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
69 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Santa Cruz County, you could pay more than the asking price. 44.2% of homes here sold above asking price last month.
Summary: A total of 159 homes were sold or pending in Santa Cruz County in April 2024, up by 31.4% month-over-month. Of the 156 sold homes, 40% were sold under asking, 16% were sold at asking, and 44% were sold over asking.
Days on Market for Santa Cruz County, CA
How long does it take to sell a home in Santa Cruz County, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 33 Days | 31 Days | -6.5% |
Summary: Homes in Santa Cruz County had an average of 31 days on market in Apr 2024, down by 6.5% compared to last year.
Breakdown of Home Sale Times
114 Homes Were Sold
Under 30 Days
31 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Santa Cruz County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 159 homes were sold in Santa Cruz County; 72% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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