Mary Pope-Handy's Market Report

Los Gatos, CA

Single-Family Homes

Sereno | 408 204-7673 | ValleyOfHeartsDelight.com/blog



Los Gatos, CA

Tue Sep 28 2021
This week the median list price for Los Gatos, CA is $3,050,000 with the market action index hovering around 58. This is an increase over last month's market action index of 55. Inventory has decreased to 64. 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

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

Tue Sep 28 2021
This week the median list price for Los Gatos, CA is $3,050,000 with the market action index hovering around 58. This is an increase over last month's market action index of 55. Inventory has decreased to 64. 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

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 $3,050,000
Median Price of New Listings $1,899,888
Per Square Foot $1,024
Average Days on Market 80
Median Days on Market 42
Price Decreased 25%
Price Increased 6%
Relisted 6%
Inventory 64
Median Rent $5,200
Market Action 58
Strong Seller's Market

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate 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
$6,749,999 5,433 2.5 - 5 acres 5 6 24 1 0 91
$4,195,000 3,850 1 - 2.5 acres 4 4 34 1 2 45
$2,425,000 2,511 0.25 - 0.5 acre 4 3 44 4 5 28
$1,624,500 2,138 1 - 2.5 acres 3 2 45 5 2 31