Diana Parham's Market Report

Los Altos, CA

Single-Family Homes

Intero A Berkshire Hathaway Affiliate | dparham@interorealestate.com | 408-472-8874



Los Altos, CA

Sat Apr 13 2024
This week the median list price for Los Altos, CA is $5,048,000 with the market action index hovering around 64. This is an increase over last month's market action index of 55. Inventory has held steady at or around 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Los Altos, CA

Sat Apr 13 2024
This week the median list price for Los Altos, CA is $5,048,000 with the market action index hovering around 64. This is an increase over last month's market action index of 55. Inventory has held steady at or around 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Los Altos market.
Median List Price $5,048,000
Median Price of New Listings $3,800,000
Per Square Foot $1,694
Average Days on Market 92
Median Days on Market 11
Price Decreased 25%
Price Increased 0%
Relisted 20%
Inventory 20
Median Rent
Market Action 64
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 levels. 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 5,548 0.25 - 0.5 acre 5 4.5 18 0 0 168
$6,250,000 3,619 0.25 - 0.5 acre 4 4.5 10 2 0 28
$4,300,000 2,138 6,500 - 8,000 sqft 4 3 59 2 1 7
$3,398,000 2,060 4,500 - 6,500 sqft 4 2 63 3 3 0