Mary Pope-Handy's Market Report

Los Gatos, CA 95032

Single-Family Homes

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



Los Gatos, CA 95032

Sun Oct 06 2024
This week the median list price for Los Gatos, CA 95032 is $3,150,000 with the market action index hovering around 60. This is less than last month's market action index of 65. Inventory has increased to 21. 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.

Strong Seller's Market

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Los Gatos, CA 95032

Sun Oct 06 2024
This week the median list price for Los Gatos, CA 95032 is $3,150,000 with the market action index hovering around 60. This is less than last month's market action index of 65. Inventory has increased to 21. 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.

Strong Seller's Market

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Los Gatos market.
Median List Price $3,150,000
Median Price of New Listings $2,998,888
Per Square Foot $1,388
Average Days on Market 73
Median Days on Market 42
Price Decreased 19%
Price Increased 0%
Relisted 14%
Inventory 21
Median Rent
Market Action 60
Strong Seller's Market

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$5,848,000 4,226 5 - 10 acres 5 5 49 0 1 91
$3,500,000 2,246 0.25 - 0.5 acre 4 4 56 1 1 7
$2,999,998 2,431 8,000 - 10,000 sqft 4 3 62 3 2 0
$2,499,443 1,888 4,500 - 6,500 sqft 3 3 60 1 2 112