Is Los Altos Hills, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Los Altos Hills was a Seller's Market.
Key Takeaway
Los Altos Hills is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Los Altos Hills, CA
How much do homes in Los Altos Hills, CA cost?
Median Sold Price
$5,500,000
$1,531/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Los Altos Hills have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Los Altos Hills was $5,500,000 in May 2024, up 5.6% from last year, and the median price per square foot was $1,531.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $4.7M | $4.0M | -15.1% |
| 3 Bedrooms | $4.3M | $4.5M | +3.6% |
| 4 Bedrooms | $4.7M | $4.9M | +4.3% |
| 5+ Bedrooms | $7.6M | $6.4M | -15.8% |
Summary: Los Altos Hills housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 15.1%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 15.8%.
Median Sold Price Compared To Nearby Cities
| West Santa Clara | $4.4M | $4.7M | +8.4% |
| Los Altos Hills | $5.2M | $5.5M | +5.6% |
| Los Altos | $3.7M | $3.9M | +4.1% |
| Palo Alto | $3.0M | $3.0M | -2.6% |
Housing Supply in Los Altos Hills, CA
How many homes are available in Los Altos Hills, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 34 | +47.8% |
Summary: The Los Altos Hills real estate market had 34 homes for sale in May 2024, a 47.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 10 | 16 | +60.0% |
| 5+ Bedrooms | 11 | 16 | +45.5% |
Summary: The Los Altos Hills housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 60%, and 5+ bedroom homes increased by 45.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Los Altos Hills, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Los Altos Hills in May 2024, up by 66.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for Los Altos Hills, CA
How long does it take to sell a home in Los Altos Hills, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 12 Days | 20 Days | +60.9% |
Summary: Homes in Los Altos Hills had an average of 20 days on market in May 2024, up by 60.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Los Altos Hills are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Los Altos Hills; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS©, but is not warranted. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing Broker has attempted to offer accurate data, but buyers are advised to confirm all data provided. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.