CA · Metro #183

Santa Cruz - CA housing market

The Santa Cruz metro has a typical home value of $1,162,082, up 3.4% from a year ago. Homes are moving fast at 18 days on market, a strong seller's market. 22% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$1,162,082
+3.4% vs. year ago
Median sale price
$1,152,051
+1.4% YoY
Median list price
$1,237,167
Sale-to-list ratio
100.3%
Selling above ask
Days on market
18d
Listings w/ price cut
22.1%
New listings / mo
219
-10.6% YoY
Homes for sale
626
-14.9% YoY
Typical rent
$3,609/mo
+3.2% YoY
Context

How to read this data

The typical home value ($1,162,082) is the Zillow Home Value Index for the Santa Cruz - CA metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 3.4% over the past year. In Santa Cruz - CA, that means a home worth $1,123,870 last year is now worth roughly $1,162,082.

The median sale price , what homes actually close for , is $1,152,051. Homes are selling at 100.3% of list price, meaning buyers are typically paying at or above asking.

Homes listed in Santa Cruz - CA sit on the market for roughly 18 days before going pending. Shorter = seller's market; longer = buyer's market.

About 22.1% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 219 new listings hit the market each month in Santa Cruz - CA. There are currently 626 homes for sale, down 14.9% from a year ago.

The typical monthly rent in Santa Cruz - CA is $3,609, up 3.2% year over year. For investors, the price-to-rent ratio here is roughly 27x annual rent.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Related

Other metros in CA

MetroHome value1-yr changeDays on market
Los Angeles - CA$968,028 +0.6% 21.0d
San Francisco - CA$1,142,320 +0.1% 15.0d
Riverside - CA$586,047 -0.6% 26.0d
San Diego - CA$940,998 -0.6% 17.0d
Sacramento - CA$584,122 -1.3% 14.0d
San Jose - CA$1,583,961 -0.9% 16.0d
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