$10,000 Closing Credit*
$899,000
1,250 SqFt
3 Beds
•2 Full Baths
Bryan Chambers, Listing Office: Bailey Properties
Is Summit Road, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Summit Road was a Seller's Market.
Key Takeaway
Summit Road is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Summit Road, CA
How much do homes in Summit Road, CA cost?
Median Sold Price
$1,710,000
$700/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$110,000(+6.9%)
Key Takeaway
Homes in Summit Road have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Summit Road was $1,710,000 in November 2024, up 6.9% from last year, and the median price per square foot was $700.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $1.4M | N/A |
| 3 Bedrooms | $1.5M | $1.4M | -5.3% |
| 4 Bedrooms | $1.7M | $1.8M | +5.1% |
| 5+ Bedrooms | $2.3M | $2.3M | 0.0% |
Summary: Summit Road 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 did not change, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Llagas-Uvas | $1.4M | $1.6M | +13.8% |
| Summit Road | $1.6M | $1.7M | +6.9% |
| Aptos | $1.3M | $1.3M | +3.8% |
| Lexington Hills | $1.2M | $1.1M | -7.8% |
Housing Supply in Summit Road, CA
How many homes are available in Summit Road, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 18 | -10.0% |
Summary: The Summit Road real estate market had 18 homes for sale in November 2024, a 10.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 6 | 4 | -33.3% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Summit Road 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 33.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Summit Road, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Summit Road in November 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Summit Road, CA
How long does it take to sell a home in Summit Road, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 87 Days | 36 Days | -58.6% |
Summary: Homes in Summit Road had an average of 36 days on market in Nov 2024, down by 58.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Summit Road has remained consistent over time.
Summary: During November 2024, 1 homes were sold in Summit Road; 0% of homes were sold within 30 days, 100% 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.