Mary Pope-Handy's Market Report

Los Altos, CA

Single-Family Homes

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



Los Altos, CA

Mon Jan 17 2022
This week the median list price for Los Altos, CA is $6,619,000 with the market action index hovering around 67. This is less than last month's market action index of 76. Inventory has decreased to 6. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Los Altos, CA

Mon Jan 17 2022
This week the median list price for Los Altos, CA is $6,619,000 with the market action index hovering around 67. This is less than last month's market action index of 76. Inventory has decreased to 6. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Los Altos market.
Median List Price $6,619,000
Median Price of New Listings $6,975,000
Per Square Foot $1,588
Average Days on Market 149
Median Days on Market 186
Price Decreased 33%
Price Increased 0%
Relisted 0%
Inventory 6
Median Rent $5,298
Market Action 67
Strong Seller's Market

Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.

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
$7,600,000 5,850 0.25 - 0.5 acre 6 6 3 1 0 147
$7,495,000 5,656 0.25 - 0.5 acre 5 7 1 0 0 56
$6,619,000 3,570 0.25 - 0.5 acre 5 5.3 34 1 0 119
$3,597,500 2,322 0.25 - 0.5 acre 3 2.5 63 0 1 227