$10,000 Closing Credit*
$1,350,000
1,613 SqFt
3 Beds
•1 Full Bath, 1 Partial
Datta Khalsa, Listing Office: Main Street Realtors
Is Santa Cruz, 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, Santa Cruz has remained a Seller's Market.
Key Takeaway
Santa Cruz is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Santa Cruz, CA
How much do homes in Santa Cruz, CA cost?
Median Sold Price
$1,350,000
$885/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,000(+1.5%)
Key Takeaway
Homes in Santa Cruz have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in Santa Cruz was $1,350,000 in October 2024, up 1.5% from last year, and the median price per square foot was $885.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $465K | $620K | +33.3% |
| 2 Bedrooms | $990K | $1.0M | +10.6% |
| 3 Bedrooms | $1.3M | $1.4M | +6.0% |
| 4 Bedrooms | $1.7M | $1.7M | -1.0% |
| 5+ Bedrooms | $1.7M | $2.1M | +22.9% |
Summary: Santa Cruz housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 6%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 22.9%.
Median Sold Price Compared To Nearby Cities
| West Santa Cruz | $1.0M | $1.1M | +3.0% |
| Santa Cruz | $1.3M | $1.3M | +1.5% |
| Felton | $835K | $762K | -8.7% |
Housing Supply in Santa Cruz, CA
How many homes are available in Santa Cruz, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 169 | 207 | +22.5% |
Summary: The Santa Cruz real estate market had 207 homes for sale in October 2024, a 22.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 17 | 19 | +11.8% |
| 2 Bedrooms | 42 | 51 | +21.4% |
| 3 Bedrooms | 73 | 94 | +28.8% |
| 4 Bedrooms | 25 | 28 | +12.0% |
| 5+ Bedrooms | 12 | 15 | +25.0% |
Summary: The Santa Cruz housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.8%, 2 bedroom homes increased by 21.4%, 3 bedroom homes increased by 28.8%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 39 | +21.9% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Santa Cruz, you could pay more than the asking price. 39.5% of homes here sold above asking price last month.
Summary: A total of 39 homes were sold or pending in Santa Cruz in October 2024, up by 21.9% month-over-month. Of the 38 sold homes, 29% were sold under asking, 32% were sold at asking, and 39% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 45 Days | +28.3% |
Summary: Homes in Santa Cruz had an average of 45 days on market in Oct 2024, up by 28.3% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Santa Cruz are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 39 homes were sold in Santa Cruz; 64% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS©, but is not warranted. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing Broker has attempted to offer accurate data, but buyers are advised to confirm all data provided. 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. Properties may or may not be listed by the office/agent presenting the information.