The Banana Belt housing market is very competitive. The median sale price of a home in Banana Belt was $1.4M last month, up 23.4% since last year. The median sale price per square foot in Banana Belt is $771, up 29.4% since last year.
What is the housing market like in Banana Belt today?
In March 2024, Banana Belt home prices were up 23.4% compared to last year, selling for a median price of $1.4M. On average, homes in Banana Belt sell after 26 days on the market compared to 27 days last year. There were 4 homes sold in March this year, up from 2 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$1,362,500
+23.4% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Banana Belt, CA
$1,362,500
+23.4%
United States
To compare other locations to the Banana Belt and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Santa Cruz add value to a home.
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How hot is the Banana Belt housing market?
Banana Belt is very competitive. Homes sell in 25 days.
0
100
87
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 6% above list price and go pending in around 25 days.
Hot homes
can sell for about 13% above list price and go pending in around 10 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
104.9%
-1.3 pt YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Banana Belt, CA
104.9%
-1.3 pt
United States
Home offer insights for Banana Belt
Explore recent offers and recently sold homes in Banana Belt
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
NR
Santa Cruz City Elementary Alternative Education-Monarch School
Public • K-6
141
Students
3 reviews
NR
Alternative Family Education School
Public • K-12 • Choice school
112
Students
3 reviews
NR
Santa Cruz Adult
Public • N/A
-
Students
N/A
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Banana Belt housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Banana Belt.
Risk Factor
Flood Factor - Major
34% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Banana Belt has a major risk of flooding. 506 properties in Banana Belt are likely to be
severely affected
by flooding over the next 30 years. This represents 34% of all properties in Banana Belt. Flood risk is increasing slower than the national average.
100% of properties are at risk of wildfire over the next 30 years
Fire Factor
Banana Belt has a major risk of wildfire. There are 1,911 properties in Banana Belt that have some risk of being affected by wildfire over the next 30 years. This represents 100% of all properties in Banana Belt.
Banana Belt has minimal risk of severe winds over the next 30 years
Wind Factor
Banana Belt has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.