Is West Santa Cruz, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, West Santa Cruz was a Seller's Market.
Key Takeaway
West Santa Cruz is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in West Santa Cruz, CA
How much do homes in West Santa Cruz, CA cost?
Median Sold Price
$1,150,000
$529/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in West Santa Cruz have sold for 12.2% more than they did a year ago.
Summary: The median home sold price in West Santa Cruz was $1,150,000 in May 2024, up 12.2% from last year, and the median price per square foot was $529.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $922.5K | $840K | -8.9% |
| 3 Bedrooms | $1.1M | $1.2M | +9.5% |
| 4 Bedrooms | $1.0M | $1.1M | +17.3% |
| 5+ Bedrooms | $1.2M | - | N/A |
Summary: West Santa Cruz housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.9%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 17.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| West Santa Cruz | $1.0M | $1.1M | +12.2% |
| Ben Lomond | $897K | $915K | +2.0% |
| San Lorenzo Valley | $850K | $840K | -1.2% |
| Felton | $835K | $776K | -7.1% |
Housing Supply in West Santa Cruz, CA
How many homes are available in West Santa Cruz, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Summary: The West Santa Cruz real estate market had 10 homes for sale in May 2024, a 11.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The West Santa Cruz housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 66.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Santa Cruz, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in West Santa Cruz in May 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for West Santa Cruz, CA
We’re sorry, we don't have information for this market at the moment
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Santa Cruz are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 1 homes were sold in West Santa Cruz; 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.
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.