Market Report - The Brasil Group

Los Altos, CA 94024

Single-Family Homes

The Brasil Group | info@theBrasilGroup.com



Los Altos, CA 94024

Tue May 28 2024
This week the median list price for Los Altos, CA 94024 is $4,843,000 with the market action index hovering around 75. This is an increase over last month's market action index of 74. Inventory has decreased to 12. 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 continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Los Altos, CA 94024

Tue May 28 2024
This week the median list price for Los Altos, CA 94024 is $4,843,000 with the market action index hovering around 75. This is an increase over last month's market action index of 74. Inventory has decreased to 12. 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 continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Los Altos market.
Median List Price $4,843,000
Median Price of New Listings $3,944,000
Per Square Foot $1,559
Average Days on Market 67
Median Days on Market 7
Price Decreased 25%
Price Increased 8%
Relisted 8%
Inventory 12
Median Rent
Market Action 75
Strong Seller's Market

We continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.

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
$7,995,000 5,451 0.5 - 1 acre 5 5 20 1 0 42
$5,500,000 4,379 0.25 - 0.5 acre 5 4 96 0 0 7
$3,988,000 2,733 0.25 - 0.5 acre 4 3 68 2 0 0
$3,590,000 2,013 0.25 - 0.5 acre 4 2 68 1 1 7