Mary Pope-Handy's Market Report
Los Gatos, CA 95033
Single-Family Homes
Christie's International Real Estate Sereno | 408 204-7673 | ValleyOfHeartsDelight.com/blog
Los Gatos, CA 95033
Sun Sep 15 2024
This week the median list price for Los Gatos, CA 95033 is $1,374,500 with the market action index hovering around 28. This is about the same as last month's market action index of 28. Inventory has held steady at or around 48.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.
Real-Time Market Profile
| Median List Price | $1,374,500 | |
| Median Price of New Listings | $1,200,000 | |
| Per Square Foot | $650 | |
| Average Days on Market | 96 | |
| Median Days on Market | 74 | |
| Price Decreased | 52% | |
| Price Increased | 2% | |
| Relisted | 10% | |
| Inventory | 48 | |
| Median Rent | ||
| Market Action | 28 | |
| Slight Buyer's Advantage | ||
Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.
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 |
|---|---|---|---|---|---|---|---|---|
| $2,943,000 | 3,668 | 2.5 - 5 acres | 4 | 3.8 | 38 | 1 | 0 | 98 |
| $1,524,500 | 2,501 | 2.5 - 5 acres | 3 | 3 | 46 | 0 | 1 | 80 |
| $1,222,500 | 1,620 | 2.5 - 5 acres | 3 | 2 | 44 | 2 | 1 | 56 |
| $723,944 | 1,125 | 1 - 2.5 acres | 2 | 2 | 44 | 1 | 0 | 84 |