Mary Pope-Handy's Market Report

Los Altos, CA

Single-Family Homes

Christie's International Real Estate Sereno | 408 204-7673 | ValleyOfHeartsDelight.com/blog



Los Altos, CA

Fri Mar 29 2024
This week the median list price for Los Altos, CA is $4,199,000 with the market action index hovering around 56. This is an increase over last month's market action index of 49. Inventory has increased to 20. Click here to stay informed with the Los Altos market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Los Altos, CA

Fri Mar 29 2024
This week the median list price for Los Altos, CA is $4,199,000 with the market action index hovering around 56. This is an increase over last month's market action index of 49. Inventory has increased to 20. Click here to stay informed with the Los Altos market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Real-Time Market Profile

Never miss important changes in the Los Altos market.
Median List Price $4,199,000
Median Price of New Listings $3,498,000
Per Square Foot $1,697
Average Days on Market 87
Median Days on Market 7
Price Decreased 30%
Price Increased 0%
Relisted 20%
Inventory 20
Median Rent
Market Action 56
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$8,880,000 5,158 0.25 - 0.5 acre 5 4.5 18 1 0 161
$4,695,000 2,748 6,500 - 8,000 sqft 4 4 2 2 1 14
$4,000,000 2,586 0.25 - 0.5 acre 4 2.5 56 0 0 7
$3,300,000 1,952 0.25 - 0.5 acre 4 2 68 4 4 0