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 Jul 14 2024
This week the median list price for Los Gatos, CA 95032 is $2,923,250 with the market action index hovering around 64. This is less than last month's market action index of 66. Inventory has decreased to 22. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Los Gatos, CA 95032

Sun Jul 14 2024
This week the median list price for Los Gatos, CA 95032 is $2,923,250 with the market action index hovering around 64. This is less than last month's market action index of 66. Inventory has decreased to 22. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Los Gatos market.
Median List Price $2,923,250
Median Price of New Listings $2,374,443
Per Square Foot $1,331
Average Days on Market 57
Median Days on Market 21
Price Decreased 27%
Price Increased 0%
Relisted 9%
Inventory 22
Median Rent
Market Action 64
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 4,990 1 - 2.5 acres 5 5 28 0 0 84
$4,499,998 3,242 0.25 - 0.5 acre 5 4 53 0 2 21
$2,824,500 1,888 6,500 - 8,000 sqft 3 3 57 0 2 17
$2,268,999 1,495 6,500 - 8,000 sqft 3 2 65 2 4 14