CA · Metro #183

Santa Cruz - CA housing market

The Santa Cruz metro has a typical home value of $1,157,157, up 2.9% from a year ago. Homes are moving fast at 17 days on market - a strong seller's market. 21% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$1,157,157
+2.9% vs. year ago
Median sale price
$1,172,309
+6.1% YoY
Median list price
$1,215,000
Sale-to-list ratio
100.2%
Selling above ask
Days on market
17d
Listings w/ price cut
21.4%
New listings / mo
227
-10.3% YoY
Homes for sale
581
-12.9% YoY
Typical rent
$3,599/mo
+2.7% YoY
Context

How to read this data

The typical home value ($1,157,157) 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 2.9% over the past year. In Santa Cruz - CA, that means a home worth $1,124,545 last year is now worth roughly $1,157,157.

The median sale price , what homes actually close for , is $1,172,309. Homes are selling at 100.2% of list price, meaning buyers are typically paying at or above asking.

Homes listed in Santa Cruz - CA sit on the market for roughly 17 days before going pending. Shorter = seller's market; longer = buyer's market.

About 21.4% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 227 new listings hit the market each month in Santa Cruz - CA. There are currently 581 homes for sale, down 12.9% from a year ago.

The typical monthly rent in Santa Cruz - CA is $3,599, up 2.7% 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$968,608 +0.3% 19.0d
San Francisco - CA$1,149,215 -0.8% 14.0d
Riverside - CA$585,378 -0.8% 25.0d
San Diego - CA$946,365 -1.1% 16.0d
Sacramento - CA$582,707 -1.6% 12.0d
San Jose - CA$1,610,466 -1.4% 13.0d
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