Market Report - The Brasil Group

Los Altos, CA 94024

Single-Family Homes

The Brasil Group | info@theBrasilGroup.com



Los Altos, CA 94024

Wed May 22 2024
This week the median list price for Los Altos, CA 94024 is $5,199,000 with the market action index hovering around 78. This is an increase over last month's market action index of 72. Inventory has decreased to 9. 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 have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Los Altos, CA 94024

Wed May 22 2024
This week the median list price for Los Altos, CA 94024 is $5,199,000 with the market action index hovering around 78. This is an increase over last month's market action index of 72. Inventory has decreased to 9. 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 have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Los Altos market.
Median List Price $5,199,000
Median Price of New Listings $4,737,000
Per Square Foot $1,598
Average Days on Market 82
Median Days on Market 7
Price Decreased 22%
Price Increased 11%
Relisted 11%
Inventory 9
Median Rent
Market Action 78
Strong Seller's Market

This week prices in this zip code bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand will be reflected in the Market Action Index, so watch that chart to try to identify a trough in the market.

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
$7,987,500 5,179 0.5 - 1 acre 5 6 14 0 1 318
$6,249,000 4,472 0.25 - 0.5 acre 5 4.5 54 1 0 31
$4,998,500 3,137 0.25 - 0.5 acre 6 3.5 77 1 1 3
$3,590,000 2,072 0.25 - 0.5 acre 4 2 55 2 2 0