Jesse Collins
Santa Cruz, CA 95062
Single-Family Homes
The Maverick Group DRE: 02077797
Santa Cruz, CA 95062
Thu Sep 19 2024
This week the median list price for Santa Cruz, CA 95062 is $1,707,499 with the market action index hovering around 51. This is less than last month's market action index of 55. Inventory has increased to 28.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
Market appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.
Real-Time Market Profile
| Median List Price | $1,707,499 | |
| Median Price of New Listings | $1,150,000 | |
| Per Square Foot | $1,204 | |
| Average Days on Market | 64 | |
| Median Days on Market | 35 | |
| Price Decreased | 39% | |
| Price Increased | 0% | |
| Relisted | 11% | |
| Inventory | 28 | |
| Median Rent | ||
| Market Action | 51 | |
| Strong Seller's Market | ||
Prices is this zip code this week saw relatively little change from last week. However the market appears to be trying to establish an uptrend. Keep an eye on the Market Action Index to determine if demand will help push prices higher.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $5,665,000 | 2,349 | 6,500 - 8,000 sqft | 3 | 3.5 | 37 | 0 | 0 | 35 |
| $2,249,000 | 1,930 | 0 - 4,500 sqft | 3 | 2.5 | 48 | 0 | 2 | 49 |
| $1,499,000 | 1,485 | 4,500 - 6,500 sqft | 3 | 2 | 76 | 1 | 1 | 21 |
| $1,150,000 | 1,320 | 4,500 - 6,500 sqft | 3 | 1.5 | 59 | 4 | 0 | 0 |