Is Santa Cruz County, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Santa Cruz County is a seller's market

Buyer's
Market

Difference Since November 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

$1,156,620

$714/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$21,020(+1.9%)

Key Takeaway

Homes in Santa Cruz County have sold for 1.9% more than they did a year ago.

Summary: The median home sold price in Santa Cruz County was $1,156,620 in November 2024, up 1.9% from last year, and the median price per square foot was $714.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $635K$585K
-7.9%
2 $814.7K$829.1K
+1.8%
3 $1.2M$1.2M
+2.4%
4 $1.5M$1.5M
+3.6%
5+ $1.8M$2.0M
+13.2%

Summary: Santa Cruz County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.9%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 13.2%.

Median Sold Price Compared To Nearby Counties

Santa Clara County
+10.1%
San Mateo County
+6.9%
Monterey County
+6.6%
San Benito County
+3.4%
Santa Cruz County
+1.9%

Housing Supply in Santa Cruz County, CA

How many homes are available in Santa Cruz County, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
697644-7.6%

Summary: The Santa Cruz County real estate market had 644 homes for sale in November 2024, a 7.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 4846
-4.2%
2 191179
-6.3%
3 294250
-15.0%
4 113120
+6.2%
5+ 5149
-3.9%

Summary: The Santa Cruz County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 4.2%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 15%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes decreased by 3.9%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
174127-27.0%

Asking Price vs. Sold Price

64 Homes Were Sold
Under Asking

20 Homes Were Sold
At Asking

43 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Santa Cruz County, you may be able to get a good deal. 50.4% of homes here sold below asking price last month.

Summary: A total of 127 homes were sold or pending in Santa Cruz County in November 2024, down by 27.0% month-over-month. Of the 127 sold homes, 50% were sold under asking, 16% were sold at asking, and 34% 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

Nov 2023Nov 2024CHANGE
31 Days33 Days+7.8%

Summary: Homes in Santa Cruz County had an average of 33 days on market in Nov 2024, up by 7.8% compared to last year.

Breakdown of Home Sale Times

84 Homes Were Sold
Under 30 Days

33 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Santa Cruz County are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 127 homes were sold in Santa Cruz County; 66% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Santa Cruz County, CA

Nearby Markets to Santa Cruz County, CA

What housing markets are near Santa Cruz County, CA?