Mary Pope-Handy's Market Report

Los Altos, CA

Single-Family Homes

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



Los Altos, CA

Wed Feb 21 2024
This week the median list price for Los Altos, CA is $4,250,000 with the market action index hovering around 49. This is an increase over last month's market action index of 43. Inventory has decreased to 11. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Los Altos, CA

Wed Feb 21 2024
This week the median list price for Los Altos, CA is $4,250,000 with the market action index hovering around 49. This is an increase over last month's market action index of 43. Inventory has decreased to 11. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Real-Time Market Profile

Never miss important changes in the Los Altos market.
Median List Price $4,250,000
Median Price of New Listings $3,889,000
Per Square Foot $1,996
Average Days on Market 144
Median Days on Market 112
Price Decreased 9%
Price Increased 0%
Relisted 27%
Inventory 11
Median Rent
Market Action 49
Strong Seller's Market

Despite this week’s down tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

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
$8,990,000 5,733 0.25 - 0.5 acre 5 5.3 0 0 1 182
$6,998,000 3,907 0.25 - 0.5 acre 5 5 2 0 0 357
$3,998,000 1,900 0.25 - 0.5 acre 3 2 68 2 1 0
$3,498,000 1,552 0.25 - 0.5 acre 4 2 71 2 1 0