Mary Pope-Handy's Market Report

Los Altos, CA 94022

Single-Family Homes

Christie's International Real Estate Sereno | 408 204-7673 | ValleyOfHeartsDelight.com/blog



Los Altos, CA 94022

Thu Mar 28 2024
This week the median list price for Los Altos, CA 94022 is $4,598,000 with the market action index hovering around 57. This is an increase over last month's market action index of 48. Inventory has increased to 7. 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 94022

Thu Mar 28 2024
This week the median list price for Los Altos, CA 94022 is $4,598,000 with the market action index hovering around 57. This is an increase over last month's market action index of 48. Inventory has increased to 7. 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 $4,598,000
Median Price of New Listings $5,472,500
Per Square Foot $1,708
Average Days on Market 102
Median Days on Market 21
Price Decreased 43%
Price Increased 0%
Relisted 29%
Inventory 7
Median Rent
Market Action 57
Strong Seller's Market

Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$9,100,000 6,308 0.25 - 0.5 acre 5 4.5 0 0 0 161
$5,472,500 2,903 0.25 - 0.5 acre 4 3.8 36 2 0 59
$4,449,000 1,758 6,500 - 8,000 sqft 3 3 40 0 0 203
$3,991,500 2,733 0.25 - 0.5 acre 4 2.8 53 0 1 14