Keller Williams Coastal Estates' Market Report

Santa Cruz, CA

Single-Family Homes

www.kwcoastalestates.com | frontdesk505@kw.com | 831.622.6200



Santa Cruz, CA

Mon Jun 05 2023
This week the median list price for Santa Cruz, CA is $2,399,000 with the market action index hovering around 45. This is an increase over last month's market action index of 44. Inventory has increased to 59. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Santa Cruz, CA

Mon Jun 05 2023
This week the median list price for Santa Cruz, CA is $2,399,000 with the market action index hovering around 45. This is an increase over last month's market action index of 44. Inventory has increased to 59. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Real-Time Market Profile

Never miss important changes in the Santa Cruz market.
Median List Price $2,399,000
Median Price of New Listings $2,145,000
Per Square Foot $1,049
Average Days on Market 91
Median Days on Market 35
Price Decreased 27%
Price Increased 2%
Relisted 7%
Inventory 59
Median Rent
Market Action 45
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
$5,094,000 3,106 0.25 - 0.5 acre 4 3.8 36 1 0 52
$2,680,000 2,342 0.25 - 0.5 acre 4 3 38 3 2 35
$1,895,000 2,201 0.25 - 0.5 acre 3 2.5 48 4 2 28
$1,300,000 1,488 8,000 - 10,000 sqft 3 2 44 1 6 21