The Banana Belt housing market is very competitive. The median sale price of a home in Banana Belt was $1.4M last month, up 38.3% since last year. The median sale price per square foot in Banana Belt is $922, down 2.2% since last year.
What is the housing market like in Banana Belt today?
In January 2025, Banana Belt home prices were up 38.3% compared to last year, selling for a median price of $1.4M. On average, homes in Banana Belt sell after 84 days on the market compared to 63 days last year. There were 3 homes sold in January this year, down from 4 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$1,425,000
+38.3% YoY | Jan 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jan 2025
Growth
% YoY
Banana Belt, CA
$1,425,000
+38.3%
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 20.5 days.
0
100
85
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 3% above list price and go pending in around 21 days.
Hot homes
can sell for about 11% above list price and go pending in around 11 days.
Santa Cruz City Elementary Alternative Education-Monarch School
Public • K-6
116
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.
Flood Factor - Minor
33% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Banana Belt has a minor risk of flooding. 472 properties in Banana Belt are likely to be
severely affected
by flooding over the next 30 years. This represents 33% of all properties in Banana Belt. Flood risk is increasing slower than the national average.
97% of properties are at risk of wildfire over the next 30 years
Fire Factor
Banana Belt has a moderate risk of wildfire. There are 1,871 properties in Banana Belt that have some risk of being affected by wildfire over the next 30 years. This represents 97% 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.