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 Feb 25 2024
This week the median list price for Los Gatos, CA 95032 is $3,124,000 with the market action index hovering around 54. This is about the same as last month's market action index of 54. Inventory has increased to 10. 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

The market has started cooling and prices have been flat for several weeks. Since 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 Feb 25 2024
This week the median list price for Los Gatos, CA 95032 is $3,124,000 with the market action index hovering around 54. This is about the same as last month's market action index of 54. Inventory has increased to 10. 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

The market has started cooling and prices have been flat for several weeks. Since 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 $3,124,000
Median Price of New Listings $2,399,000
Per Square Foot $1,377
Average Days on Market 78
Median Days on Market 46
Price Decreased 10%
Price Increased 0%
Relisted 0%
Inventory 10
Median Rent
Market Action 54
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
$6,624,000 3,070 10 - 20 acres 3 2.8 47 0 0 210
$4,575,500 3,756 0.25 - 0.5 acre 4 3.5 23 0 0 52
$2,998,000 2,016 6,500 - 8,000 sqft 4 2.5 60 1 1 28
$2,398,888 1,919 0.25 - 0.5 acre 3 3 73 2 1 0