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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Santa Cruz is a neutral's market

Buyer's
Market

Difference Since November 2023

Since last year, West Santa Cruz has remained a Neutral Market.

Key Takeaway

West Santa Cruz 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 West Santa Cruz, CA

How much do homes in West Santa Cruz, CA cost?

Median Sold Price

$1,113,750

$541/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$26,250(-2.3%)

Key Takeaway

Homes in West Santa Cruz have sold for 2.3% less than they did a year ago.

Summary: The median home sold price in West Santa Cruz was $1,113,750 in November 2024, down 2.3% from last year, and the median price per square foot was $541.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$502K
N/A
2 $880K$920K
+4.5%
3 $1.2M$1.1M
-4.6%
4 $1.1M$1.1M
-0.4%
5+ --
N/A

Summary: West Santa Cruz 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 increased by 4.5%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

San Lorenzo Valley
+1.5%
Ben Lomond
0.2%
West Santa Cruz
-2.3%
Felton
-6.6%

Housing Supply in West Santa Cruz, CA

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

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1614-12.5%

Summary: The West Santa Cruz real estate market had 14 homes for sale in November 2024, a 12.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 55
0.0%
3 86
-25.0%
4 11
0.0%
5+ 11
0.0%

Summary: The West Santa Cruz 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 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Santa Cruz, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in West Santa Cruz in November 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for West Santa Cruz, CA

How long does it take to sell a home in West Santa Cruz, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
13 Days15 Days+15.4%

Summary: Homes in West Santa Cruz had an average of 15 days on market in Nov 2024, up by 15.4% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 2 homes were sold in West Santa Cruz; 100% of homes were sold within 30 days, 0% 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

Newest Listings in West Santa Cruz, CA

Nearby Markets to West Santa Cruz, CA

What housing markets are near West Santa Cruz, CA?