Intero Market Report

Los Gatos, CA

Single-Family Homes

Intero Real Estate| 408.342.3000 | www.intero.com



Los Gatos, CA

Sun Dec 03 2023
This week the median list price for Los Gatos, CA is $2,175,000 with the market action index hovering around 37. This is an increase over last month's market action index of 35. Inventory has decreased to 71. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Los Gatos, CA

Sun Dec 03 2023
This week the median list price for Los Gatos, CA is $2,175,000 with the market action index hovering around 37. This is an increase over last month's market action index of 35. Inventory has decreased to 71. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Los Gatos market.
Median List Price $2,175,000
Median Price of New Listings $1,598,888
Per Square Foot $877
Average Days on Market 118
Median Days on Market 77
Price Decreased 48%
Price Increased 1%
Relisted 8%
Inventory 71
Median Rent
Market Action 37
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
$6,499,000 5,166 1 - 2.5 acres 5 5.5 15 0 3 70
$2,620,000 3,225 1 - 2.5 acres 4 3.5 43 0 4 105
$1,849,000 2,350 2.5 - 5 acres 3 2.3 52 1 3 80
$1,135,000 1,422 0.5 - 1 acre 3 2 43 0 0 77