Intero Market Report

Santa Cruz, CA

Condos/Townhomes

Intero Real Estate| 408.342.3000 | www.intero.com



Santa Cruz, CA

Thu Mar 28 2024
This week the median list price for Santa Cruz, CA is $698,000 with the market action index hovering around 47. This is an increase over last month's market action index of 46. Inventory has increased to 11. 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.

Strong Seller's Market

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Santa Cruz, CA

Thu Mar 28 2024
This week the median list price for Santa Cruz, CA is $698,000 with the market action index hovering around 47. This is an increase over last month's market action index of 46. Inventory has increased to 11. 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.

Strong Seller's Market

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Santa Cruz market.
Median List Price $698,000
Median Price of New Listings $1,189,500
Per Square Foot $654
Average Days on Market 72
Median Days on Market 21
Price Decreased 36%
Price Increased 0%
Relisted 0%
Inventory 11
Median Rent
Market Action 47
Strong Seller's Market

Despite this week’s up tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

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
$1,719,750 1,320 - 2 2 30 1 0 10
$809,000 1,292 0 - 4,500 sqft 2 2.5 40 0 1 7
$595,000 911 0 - 4,500 sqft 2 1.5 39 0 1 35
$290,000 600 0 - 4,500 sqft 1 1 38 0 0 112