Is Scotts Valley, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Scotts Valley is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Scotts Valley was a Seller's Market.

Key Takeaway

Scotts Valley is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Scotts Valley, CA

How much do homes in Scotts Valley, CA cost?

Median Sold Price

$1,288,000

$644/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$25,250(+2.0%)

Key Takeaway

Homes in Scotts Valley have sold for 2% more than they did a year ago.

Summary: The median home sold price in Scotts Valley was $1,288,000 in November 2024, up 2% from last year, and the median price per square foot was $644.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $750K$699K
-6.8%
3 $1.2M$1.2M
+2.3%
4 $1.3M$1.6M
+18.3%
5+ $1.8M$2.0M
+6.9%

Summary: Scotts Valley housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.8%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 18.3%, and 5+ bedroom homes increased by 6.9%.

Housing Supply in Scotts Valley, CA

How many homes are available in Scotts Valley, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3630-16.7%

Summary: The Scotts Valley real estate market had 30 homes for sale in November 2024, a 16.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 55
0.0%
3 1914
-26.3%
4 88
0.0%
5+ 32
-33.3%

Summary: The Scotts Valley 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 remained the same, 3 bedroom homes decreased by 26.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
115-54.5%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Scotts Valley, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.

Summary: A total of 5 homes were sold or pending in Scotts Valley in November 2024, down by 54.5% month-over-month. Of the 5 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% were sold over asking.

Days on Market for Scotts Valley, CA

How long does it take to sell a home in Scotts Valley, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
13 Days20 Days+46.0%

Summary: Homes in Scotts Valley had an average of 20 days on market in Nov 2024, up by 46% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Scotts Valley are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 5 homes were sold in Scotts Valley; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% 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

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