$6,234 Closing Credit*
$525,000
846 SqFt
2 Beds
•1 Full Bath
Peter Eubank, Listing Office: Room Real Estate
Is San Lorenzo Valley, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, San Lorenzo Valley has remained a Seller's Market.
Key Takeaway
San Lorenzo Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in San Lorenzo Valley, CA
How much do homes in San Lorenzo Valley, CA cost?
Median Sold Price
$835,000
$570/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$5,000(-0.6%)
Key Takeaway
Homes in San Lorenzo Valley have sold for 0.6% less than they did a year ago.
Summary: The median home sold price in San Lorenzo Valley was $835,000 in October 2024, down 0.6% from last year, and the median price per square foot was $570.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $550.7K | $516K | -6.3% |
| 2 Bedrooms | $685.5K | $643K | -6.2% |
| 3 Bedrooms | $942K | $911.5K | -3.2% |
| 4 Bedrooms | $1.2M | $1.0M | -11.3% |
| 5+ Bedrooms | $1.2M | $1.3M | +4.9% |
Summary: San Lorenzo Valley housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.3%, 2 bedroom homes decreased by 6.2%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes decreased by 11.3%, and 5+ bedroom homes increased by 4.9%.
Median Sold Price Compared To Nearby Cities
| West Santa Cruz | $1.0M | $1.1M | +3.0% |
| Boulder Creek | $735K | $750K | +2.0% |
| Ben Lomond | $905K | $913K | +0.9% |
| San Lorenzo Valley | $840K | $835K | -0.6% |
Housing Supply in San Lorenzo Valley, CA
How many homes are available in San Lorenzo Valley, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 129 | 134 | +3.9% |
Summary: The San Lorenzo Valley real estate market had 134 homes for sale in October 2024, a 3.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 6 | -33.3% |
| 2 Bedrooms | 35 | 36 | +2.9% |
| 3 Bedrooms | 61 | 61 | 0.0% |
| 4 Bedrooms | 22 | 28 | +27.3% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The San Lorenzo Valley housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 2.9%, 3 bedroom homes remained the same, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 25 | -16.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in San Lorenzo Valley, you may be able to get a good deal. 44% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in San Lorenzo Valley in October 2024, down by 16.7% month-over-month. Of the 25 sold homes, 44% were sold under asking, 12% were sold at asking, and 44% were sold over asking.
Days on Market for San Lorenzo Valley, CA
How long does it take to sell a home in San Lorenzo Valley, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 40 Days | +16.9% |
Summary: Homes in San Lorenzo Valley had an average of 40 days on market in Oct 2024, up by 16.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in San Lorenzo Valley are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 25 homes were sold in San Lorenzo Valley; 48% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 8% 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.