Santa Cruz County housing market hits another all-time high: Median sale price at $1.26 million
Quick Take
April prices remained stable in the city of Santa Cruz, at $1.34 million, but rose everywhere else in the county. Aptos recorded the highest median price of $1,555,000, while homes in Watsonville went for a median of $795,000.
The cost of single family homes in Santa Cruz County reached an all-time high in April, with the median sales price soaring to $1,256,000 — a 14 percent increase in just one month — according to real estate data analyst Aculist.
Last month’s prices were nearly 50 percent higher than in May 2020, when the median priced house in Santa Cruz County sold for $855,000.
April prices remained stable in the city of Santa Cruz, at $1.34 million, but rose everywhere else in the county. Aptos recorded the highest median price of $1,555,000, while homes in Watsonville went for a median of $795,000.
For long-suffering buyers, the good news is that 261 new listings came onto the county market in April — a 25 percent increase from March, according to Aculist.
The bad news is that homes are still selling for higher-than-advertised prices, following frantic bidding wars. The average sale-to-list price ratio countywide was 108 percent last month, with homes in Aptos and Santa Cruz selling for 110 percent of list price.
In comparison, Santa Clara County’s median single-family home went for $1,650,000 in April, and San Mateo County passed the $2 million mark, with a median price of $2,001,000.
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