Intero Market Report

Santa Cruz, CA

Condos/Townhomes

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Santa Cruz, CA

Sun Jan 29 2023
This week the median list price for Santa Cruz, CA is $812,450 with the market action index hovering around 39. This is less than last month's market action index of 42. Inventory has increased to 12. Click here to stay informed with the Santa Cruz market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. 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.

Santa Cruz, CA

Sun Jan 29 2023
This week the median list price for Santa Cruz, CA is $812,450 with the market action index hovering around 39. This is less than last month's market action index of 42. Inventory has increased to 12. Click here to stay informed with the Santa Cruz market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. 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

Never miss important changes in the Santa Cruz market.
Median List Price $812,450
Median Price of New Listings $1,247,000
Per Square Foot $654
Average Days on Market 132
Median Days on Market 49
Price Decreased 42%
Price Increased 0%
Relisted 0%
Inventory 12
Median Rent
Market Action 39
Slight Seller's Advantage

The market continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index as a leading indicator for how long this trend will last.

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
$1,990,000 1,923 8,000 - 10,000 sqft 2 2 44 1 0 49
$1,099,000 1,300 0 - 4,500 sqft 3 2.5 39 1 1 7
$715,000 844 0 - 4,500 sqft 2 1 39 0 0 49
$279,000 600 0 - 4,500 sqft 1 1 38 0 0 133