Mary Pope-Handy's Market Report

Los Gatos, CA 95030

Single-Family Homes

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



Los Gatos, CA 95030

Mon Mar 18 2024
This week the median list price for Los Gatos, CA 95030 is $4,299,500 with the market action index hovering around 43. This is less than last month's market action index of 49. Inventory has increased to 18. Click here to stay informed with the Los Gatos market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Los Gatos, CA 95030

Mon Mar 18 2024
This week the median list price for Los Gatos, CA 95030 is $4,299,500 with the market action index hovering around 43. This is less than last month's market action index of 49. Inventory has increased to 18. Click here to stay informed with the Los Gatos market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Real-Time Market Profile

Never miss important changes in the Los Gatos market.
Median List Price $4,299,500
Median Price of New Listings $2,800,000
Per Square Foot $1,283
Average Days on Market 117
Median Days on Market 32
Price Decreased 22%
Price Increased 0%
Relisted 6%
Inventory 18
Median Rent
Market Action 43
Slight Seller's Advantage

Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$9,775,000 7,609 1 - 2.5 acres 6 8 1 0 0 115
$6,449,500 5,069 1 - 2.5 acres 5 4.5 20 0 0 108
$3,750,000 2,766 0.25 - 0.5 acre 4 3 37 1 0 7
$2,000,000 870 0.25 - 0.5 acre 2 2 75 3 2 0