Is Watsonville, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Watsonville is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Watsonville has remained a Seller's Market.

Key Takeaway

Watsonville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Watsonville, CA

How much do homes in Watsonville, CA cost?

Median Sold Price

$825,000

$586/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$50,000(+6.5%)

Key Takeaway

Homes in Watsonville have sold for 6.5% more than they did a year ago.

Summary: The median home sold price in Watsonville was $825,000 in October 2024, up 6.5% from last year, and the median price per square foot was $586.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $444.5K$385K
-13.4%
2 $585K$622K
+6.3%
3 $810K$849.5K
+4.9%
4 $990K$1.0M
+10.4%
5+ $2.2M$2.0M
-7.7%

Summary: Watsonville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.4%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes decreased by 7.7%.

Median Sold Price Compared To Nearby Cities

Watsonville
+6.5%
Pajaro
-10.3%

Housing Supply in Watsonville, CA

How many homes are available in Watsonville, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
97112+15.5%

Summary: The Watsonville real estate market had 112 homes for sale in October 2024, a 15.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 67
+16.7%
2 2834
+21.4%
3 4145
+9.8%
4 1619
+18.8%
5+ 67
+16.7%

Summary: The Watsonville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 21.4%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1133+200.0%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Watsonville, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.

Summary: A total of 33 homes were sold or pending in Watsonville in October 2024, up by 200.0% month-over-month. Of the 30 sold homes, 47% were sold under asking, 17% were sold at asking, and 37% were sold over asking.

Days on Market for Watsonville, CA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
26 Days33 Days+26.3%

Summary: Homes in Watsonville had an average of 33 days on market in Oct 2024, up by 26.3% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 33 homes were sold in Watsonville; 61% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 6% 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 16 Days Ago

Newest Listings in Watsonville, CA

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