Is Summit Road, 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, Summit Road has remained a Seller's Market.
Key Takeaway
Summit Road is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Summit Road, CA
How much do homes in Summit Road, CA cost?
Median Sold Price
$1,708,500
$660/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Summit Road have sold for 16% more than they did a year ago.
Summary: The median home sold price in Summit Road was $1,708,500 in May 2024, up 16% from last year, and the median price per square foot was $660.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $500K | - | N/A |
| 2 Bedrooms | $1.1M | - | N/A |
| 3 Bedrooms | $1.3M | $1.5M | +13.4% |
| 4 Bedrooms | $1.7M | $1.8M | +5.1% |
| 5+ Bedrooms | $1.9M | $2.3M | +20.5% |
Summary: Summit Road housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 20.5%.
Median Sold Price Compared To Nearby Cities
| Summit Road | $1.4M | $1.7M | +16.0% |
| Lexington Hills | $1.1M | $1.2M | +10.1% |
| Llagas-Uvas | $1.4M | $1.5M | +6.9% |
| Soquel | $1.4M | $1.4M | +1.1% |
| Aptos | $1.3M | $1.2M | -0.5% |
Housing Supply in Summit Road, CA
How many homes are available in Summit Road, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 17 | +88.9% |
Summary: The Summit Road real estate market had 17 homes for sale in May 2024, a 88.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 3 | +100.0% |
| 3 Bedrooms | 3 | 7 | +133.3% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Summit Road 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 100%, 3 bedroom homes increased by 133.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Summit Road, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Summit Road in May 2024, up by 150.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Summit Road, CA
How long does it take to sell a home in Summit Road, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 60 Days | 39 Days | -35.5% |
Summary: Homes in Summit Road had an average of 39 days on market in May 2024, down by 35.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Summit Road are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Summit Road; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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