Is East Los Gatos, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, East Los Gatos has remained a Seller's Market.
Housing Prices in East Los Gatos, CA
How much do homes in East Los Gatos, CA cost?
Median Sold Price
$2,900,000
$1,249/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in East Los Gatos was $2,900,000 in April 2024, up 9.4% from last year, and the median price per square foot was $1,249.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $615K | $1.0M | +65.5% |
2 Bedrooms | $960K | $1.4M | +46.6% |
3 Bedrooms | $2.2M | $2.5M | +12.6% |
4 Bedrooms | $3.4M | $3.3M | -2.9% |
5+ Bedrooms | $3.5M | $4.8M | +36.2% |
Summary: East Los Gatos housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 65.5%, 2 bedroom homes increased by 46.6%, 3 bedroom homes increased by 12.6%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 36.2%.
Housing Supply in East Los Gatos, CA
How many homes are available in East Los Gatos, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
52 | 61 | +17.3% |
Summary: The East Los Gatos real estate market had 61 homes for sale in April 2024, a 17.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 6 | 7 | +16.7% |
3 Bedrooms | 12 | 13 | +8.3% |
4 Bedrooms | 21 | 20 | -4.8% |
5+ Bedrooms | 12 | 18 | +50.0% |
Summary: The East Los Gatos housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 20 | +11.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in East Los Gatos in April 2024, up by 11.1% month-over-month. Of the 18 sold homes, 17% were sold under asking, 6% were sold at asking, and 78% were sold over asking.
Days on Market for East Los Gatos, CA
How long does it take to sell a home in East Los Gatos, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
15 Days | 13 Days | -13.4% |
Summary: Homes in East Los Gatos had an average of 13 days on market in Apr 2024, down by 13.4% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 20 homes were sold in East Los Gatos; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.