Mary Pope-Handy's Market Report

Los Gatos, CA

Single-Family Homes

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



Los Gatos, CA

Wed Oct 04 2023
This week the median list price for Los Gatos, CA is $2,100,000 with the market action index hovering around 40. This is about the same as last month's market action index of 40. Inventory has increased to 93. Click here to stay informed with the Los Gatos market!

Market Action Index

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

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Los Gatos, CA

Wed Oct 04 2023
This week the median list price for Los Gatos, CA is $2,100,000 with the market action index hovering around 40. This is about the same as last month's market action index of 40. Inventory has increased to 93. Click here to stay informed with the Los Gatos market!

Market Action Index

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

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Los Gatos market.
Median List Price $2,100,000
Median Price of New Listings $1,999,888
Per Square Foot $923
Average Days on Market 69
Median Days on Market 35
Price Decreased 34%
Price Increased 2%
Relisted 8%
Inventory 93
Median Rent
Market Action 40
Slight Seller's Advantage

The market seems to have paused around this plateau. 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
$6,234,000 5,160 1 - 2.5 acres 5 4.5 26 2 1 49
$2,449,000 2,432 0.25 - 0.5 acre 4 3 52 4 4 28
$1,849,000 2,302 0.5 - 1 acre 3 2 62 2 0 28
$1,179,500 1,356 2.5 - 5 acres 3 2 45 5 3 38