Santa Cruz County Real Estate Market Report: March 2024
By Jessica Wallace, Santa Cruz Realtor (831) 419-9345
(Coldwell Banker - Santa Cruz)
In March, Santa Cruz County's real estate market really picked up. I am seeing more homes sell with multiple offers so far this year than last year. Single-family homes reached a median sale price of $1,215,000. Homes are selling quickly at a median of 15 days on the market. Many homes are selling with more than one offers and for over the asking price. Key Market Indicators: Single-family homes in Santa Cruz County sold for an average of 101% of the listing price, signaling robust demand. The median sale price for single-family homes was $1,215,000. It kept rising, as seen in recent months. Properties are selling quickly. The median days on market (DOM) is 15 days. This suggests that listings are being snapped up rapidly. Inventory levels slightly increased, providing more options ...
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