Mary Pope-Handy's Market Report

Los Altos, CA 94024

Single-Family Homes

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



Los Altos, CA 94024

Sun Mar 03 2024
This week the median list price for Los Altos, CA 94024 is $3,498,000 with the market action index hovering around 48. This is about the same as last month's market action index of 48. Inventory has held steady at or around 7. 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 achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Los Altos, CA 94024

Sun Mar 03 2024
This week the median list price for Los Altos, CA 94024 is $3,498,000 with the market action index hovering around 48. This is about the same as last month's market action index of 48. Inventory has held steady at or around 7. 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 achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Los Altos market.
Median List Price $3,498,000
Median Price of New Listings $2,988,000
Per Square Foot $2,046
Average Days on Market 160
Median Days on Market 119
Price Decreased 0%
Price Increased 0%
Relisted 29%
Inventory 7
Median Rent
Market Action 48
Strong Seller's Market

Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly move from these levels.

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
$8,880,000 5,158 0.25 - 0.5 acre 6 6 1 0 0 245
$5,996,500 2,904 0.25 - 0.5 acre 4 3.5 44 0 0 318
$3,348,000 2,136 6,500 - 8,000 sqft 4 2.8 35 1 1 119
$2,743,000 1,426 0.25 - 0.5 acre 2 1.5 72 2 1 0