Capitola Housing Market Report – March 2026
Here's a look at how the Capitola, CA real estate market performed in March 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 11
- Median Sale Price: $1,225,000
- Average Sale Price: $1,134,636
- Average Price Per Sq Ft: $985
- Average Days on Market: 66
- Sale-to-List Price Ratio: 98.3%
Month-Over-Month Trends
Compared to February, the median sale price in Capitola moved 82.8% up (from $670,000 to $1,225,000). The number of homes sold was 57.1% up compared to the prior month (7 vs. 11). Average days on market shifted 17.5% down (80 days to 66 days).
Year-Over-Year Comparison
Compared to March 2025, the median sale price is 10.9% down (from $1,375,000 to $1,225,000). Sales volume is 22.2% up year-over-year.
What This Means
Capitola's real estate market is showing some interesting mixed signals this March. The month-over-month jump is striking—median prices up nearly 83 percent and sales volume up 57 percent—but don't let those numbers get too exciting. These gains appear to be seasonal recovery rather than sustained momentum. We're seeing the typical spring market activation as buyers emerge after winter, which explains both the price bump and increased sales activity. However, the year-over-year picture tells a different story: prices are actually down about 11 percent compared to March 2025, suggesting that underlying demand remains softer than it was last year.
What's encouraging is the shift in market velocity. Homes are selling faster, moving from 80 days on market down to 66 days, and buyers are paying closer to asking price at 98.3 percent. This indicates healthy absorption of inventory and genuine buyer interest right now. The gap between active listings and sales suggests inventory isn't overflowing either. That said, with 34 active listings sitting at a median ask of $817,000—roughly $400,000 below what homes are actually selling for—there's a pricing disconnect in the pipeline. Sellers listing now may need to adjust expectations. Overall, Capitola feels like it's in a sustainable, balanced phase rather than overheated.
Capitola Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 95010 | 11 | $1,225,000 | $985 | 66 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 5 | $1,435,000 | $1,481 |
| MOBILE | 3 | $417,000 | $420 |
| CONDOS | 2 | $842,500 | $805 |
| MULTI_FAMILY | 1 | $1,825,000 | $566 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $200K - $299K | 1 |
| $400K - $499K | 1 |
| $500K - $749K | 1 |
| $750K+ | 8 |
Current Active Listings
As of this report, there are 34 active listings in Capitola with a median asking price of $817,000 and an average of 91 days on market.
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