Mary Pope-Handy's Market Report

Los Altos, CA

Single-Family Homes

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



Los Altos, CA

Tue Sep 28 2021
This week the median list price for Los Altos, CA is $4,224,444 with the market action index hovering around 78. This is an increase over last month's market action index of 68. Inventory has increased to 28. 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 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 Altos, CA

Tue Sep 28 2021
This week the median list price for Los Altos, CA is $4,224,444 with the market action index hovering around 78. This is an increase over last month's market action index of 68. Inventory has increased to 28. 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 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 Altos market.
Median List Price $4,224,444
Median Price of New Listings $4,198,000
Per Square Foot $1,538
Average Days on Market 37
Median Days on Market 7
Price Decreased 7%
Price Increased 0%
Relisted 11%
Inventory 28
Median Rent $6,500
Market Action 78
Strong Seller's Market

The market appears to be hovering around these current levels, though prices movved up a bit this week. 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
$7,450,000 5,445 0.25 - 0.5 acre 5 6 7 3 2 35
$4,695,000 2,818 0.25 - 0.5 acre 4 3 9 3 3 7
$3,699,888 2,788 0.25 - 0.5 acre 4 3 55 4 2 0
$2,999,000 1,856 0.25 - 0.5 acre 3 2 66 4 4 0