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 May 22 2024
This week the median list price for Los Altos, CA is $4,995,000 with the market action index hovering around 72. This is less than last month's market action index of 74. Inventory has increased to 23. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Los Altos, CA

Wed May 22 2024
This week the median list price for Los Altos, CA is $4,995,000 with the market action index hovering around 72. This is less than last month's market action index of 74. Inventory has increased to 23. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Los Altos market.
Median List Price $4,995,000
Median Price of New Listings $4,795,000
Per Square Foot $1,629
Average Days on Market 69
Median Days on Market 14
Price Decreased 13%
Price Increased 4%
Relisted 4%
Inventory 23
Median Rent
Market Action 72
Strong Seller's Market

This week prices bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand will be reflected in the Market Action Index, so watch that chart to try to identify a change in the market.

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
$8,399,888 5,438 0.25 - 0.5 acre 5 6 20 1 1 21
$5,475,000 3,862 0.25 - 0.5 acre 5 4.5 41 2 1 21
$4,596,500 3,025 8,000 - 10,000 sqft 4 3.5 58 3 3 3
$3,739,000 2,043 8,000 - 10,000 sqft 4 2.5 61 2 2 14