Santa Cruz County Real Estate Market Update - June 2024

Santa Cruz County, renowned for its picturesque beaches and vibrant community, is a desirable location for homebuyers seeking a blend of coastal living and natural beauty. As of May 2024, the real estate market in Santa Cruz County shows 352 active listings for single-family homes and 80 active listings for townhouses and condos. Homes are selling in an average of 27 days, whether they are single-family homes or townhouses/condos. This longer selling period suggests a more balanced market compared to neighboring areas, providing buyers with more time to make decisions and explore their options in this scenic region.

The months of inventory in Santa Cruz County is at 3.2 months for single-family homes and 2.1 months for townhouses and condos, indicating a market that leans more towards a balanced state rather than a pronounced seller’s market. These higher levels of inventory offer buyers more choices and lessen the competition slightly, making it easier for them to find a suitable property. The price per square foot stands at $863 for single-family homes and $697 for townhouses and condos, reflecting the unique appeal and value of properties in this coastal region. Santa Cruz County’s lifestyle offerings, including its scenic beauty and vibrant community, contribute to its strong real estate market and the attractive pricing for various property types.

The median sale price in Santa Cruz County is $1,360,000 for single-family homes and $735,000 for townhouses and condos, showcasing stability in property values. These median prices reflect the ongoing demand for homes in this desirable location, where the combination of natural beauty and quality of life attracts many buyers. As we move further into 2024, these trends are expected to continue, making Santa Cruz County a sought-after location for both homebuyers and investors. The strong demand, combined with the county’s attractive living conditions and diverse property options, will likely sustain stable property values and competitive sales across all types of residential real estate.