Santa Cruz Home Prices & Values

$706,600 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 11.2% 1-year change
  • 5.1% 1-year forecast

The median home value in Santa Cruz is $706,600. Santa Cruz home values have gone up 11.2% over the past year and Zillow predicts they will rise 5.1% within the next year. The median list price per square foot in Santa Cruz is $492, which is higher than the Santa Cruz Metro average of $435. The median price of homes currently listed in Santa Cruz is $699,000 while the median price of homes that sold is $659,875.

Foreclosures will be a factor impacting home values in the next several years. In Santa Cruz 0.9 homes are foreclosed (per 10,000). This is lower than the Santa Cruz Metro value of 1.6 and also lower than the national value of 4.4

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Santa Cruz is 3.6%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Santa Cruz homeowners underwater on their mortgage is 6.7%, which is lower than Santa Cruz Metro at 9.8%.

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Relative ZHVI
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Santa Cruz Market Overview

Data through Jul 31, 2014
  • $706,600 ZHVI
  • 5.1% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $699,000 Median listing price
  • $659,875 Median sale price
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Santa Cruz Market Health

Data through Jul 31, 2014
  • 10.0/10 Very healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average days on Zillow
  • 6.7% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 3.6% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

0.9 homes Santa Cruz
1.6 homes Santa Cruz Metro
4.4 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Monte Sereno $2,377,900 Saratoga $2,069,600 Aptos $726,400
Scotts Valley $697,100 Capitola $672,500 Soquel $665,100
Ben Lomond $497,500 Felton $457,800 Boulder Creek $419,300

Listings & Sales

Data through Jul 31, 2014
  • $492 Median list price / sq ft
  • $477 Median sale price / sq ft
  • 28.1% Listings with price cut
9.9%
Sold below listing
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Santa Cruz Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$2,672 Santa Cruz
$2,474 Santa Cruz Metro
$1,318 United States
  • 4.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • No data Rent list price
  • $2.05 Rent list price / sq ft
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