Is San Lorenzo Valley, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, San Lorenzo Valley has remained a Seller's Market.
Housing Prices in San Lorenzo Valley, CA
How much do homes in San Lorenzo Valley, CA cost?
Median Sold Price
$840,000
$566/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in San Lorenzo Valley was $840,000 in May 2024, down 1.2% from last year, and the median price per square foot was $566.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $600K | $525K | -12.5% |
2 Bedrooms | $735K | $652.5K | -11.2% |
3 Bedrooms | $925K | $898K | -2.9% |
4 Bedrooms | $1.2M | $982.9K | -22.1% |
5+ Bedrooms | $1.2M | $1.3M | +7.8% |
Summary: San Lorenzo Valley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.5%, 2 bedroom homes decreased by 11.2%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 22.1%, and 5+ bedroom homes increased by 7.8%.
Median Sold Price Compared To Nearby Cities
West Santa Cruz | $1.0M | $1.1M | +12.2% |
Ben Lomond | $897K | $915K | +2.0% |
San Lorenzo Valley | $850K | $840K | -1.2% |
Boulder Creek | $791K | $750K | -5.2% |
Housing Supply in San Lorenzo Valley, CA
How many homes are available in San Lorenzo Valley, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
100 | 121 | +21.0% |
Summary: The San Lorenzo Valley real estate market had 121 homes for sale in May 2024, a 21.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 8 | 0.0% |
2 Bedrooms | 31 | 32 | +3.2% |
3 Bedrooms | 49 | 55 | +12.2% |
4 Bedrooms | 11 | 23 | +109.1% |
5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The San Lorenzo Valley housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 109.1%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 | 28 | +40.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in San Lorenzo Valley in May 2024, up by 40.0% month-over-month. Of the 26 sold homes, 35% were sold under asking, 15% were sold at asking, and 50% were sold over asking.
Days on Market for San Lorenzo Valley, CA
How long does it take to sell a home in San Lorenzo Valley, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
29 Days | 28 Days | -2.0% |
Summary: Homes in San Lorenzo Valley had an average of 28 days on market in May 2024, down by 2% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 28 homes were sold in San Lorenzo Valley; 75% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.