$10,000 Closing Credit*
$1,390,000
1,143 SqFt
3 Beds
•2 Full Baths
Judy Cheng, Listing Office: Exit Realty Keystone
Is Santa Teresa, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Santa Teresa has remained a Seller's Market.
Key Takeaway
Santa Teresa is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Santa Teresa, CA
How much do homes in Santa Teresa, CA cost?
Median Sold Price
$1,410,500
$830/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$160,500(+12.8%)
Key Takeaway
Homes in Santa Teresa have sold for 12.8% more than they did a year ago.
Summary: The median home sold price in Santa Teresa was $1,410,500 in November 2024, up 12.8% from last year, and the median price per square foot was $830.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $520K | $490K | -5.8% |
| 2 Bedrooms | $635K | $700K | +10.2% |
| 3 Bedrooms | $1.2M | $1.3M | +7.3% |
| 4 Bedrooms | $1.3M | $1.6M | +16.4% |
| 5+ Bedrooms | $1.5M | $1.7M | +8.4% |
Summary: Santa Teresa housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.8%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes increased by 8.4%.
Housing Supply in Santa Teresa, CA
How many homes are available in Santa Teresa, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 132 | 118 | -10.6% |
Summary: The Santa Teresa real estate market had 118 homes for sale in November 2024, a 10.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 29 | 24 | -17.2% |
| 3 Bedrooms | 33 | 36 | +9.1% |
| 4 Bedrooms | 55 | 45 | -18.2% |
| 5+ Bedrooms | 13 | 11 | -15.4% |
Summary: The Santa Teresa housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 17.2%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes decreased by 15.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 53 | 36 | -32.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Santa Teresa, you could pay more than the asking price. 62.9% of homes here sold above asking price last month.
Summary: A total of 36 homes were sold or pending in Santa Teresa in November 2024, down by 32.1% month-over-month. Of the 35 sold homes, 23% were sold under asking, 14% were sold at asking, and 63% were sold over asking.
Days on Market for Santa Teresa, CA
How long does it take to sell a home in Santa Teresa, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 18 Days | -17.4% |
Summary: Homes in Santa Teresa had an average of 18 days on market in Nov 2024, down by 17.4% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Santa Teresa are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 36 homes were sold in Santa Teresa; 86% of homes were sold within 30 days, 14% 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. 
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.