$3,180,000
2,096 SqFt
4 Beds
•2 Full Baths
Soli Saatchi, Listing Office: The Agency
Is Los Altos, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Los Altos has remained a Seller's Market.
Key Takeaway
Los Altos is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Los Altos, CA
How much do homes in Los Altos, CA cost?
Median Sold Price
$4,110,000
$1,720/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$302,000(+7.9%)
Key Takeaway
Homes in Los Altos have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Los Altos was $4,110,000 in September 2024, up 7.9% from last year, and the median price per square foot was $1,720.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $957K | $1.2M | +29.3% |
| 2 Bedrooms | $1.7M | $1.7M | +0.8% |
| 3 Bedrooms | $3.5M | $3.6M | +4.4% |
| 4 Bedrooms | $4.0M | $4.3M | +9.5% |
| 5+ Bedrooms | $5.1M | $5.5M | +7.2% |
Summary: Los Altos housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.3%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 7.2%.
Median Sold Price Compared To Nearby Cities
| Los Altos | $3.8M | $4.1M | +7.9% |
| Los Altos Hills | $5.3M | $5.6M | +7.3% |
| Mountain View | $1.7M | $1.8M | +4.5% |
| Palo Alto | $3.0M | $3.2M | +4.4% |
| Sunnyvale | $1.8M | $1.8M | +2.6% |
Housing Supply in Los Altos, CA
How many homes are available in Los Altos, CA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 78 | 85 | +9.0% |
Summary: The Los Altos real estate market had 85 homes for sale in September 2024, a 9.0% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 17 | 16 | -5.9% |
| 3 Bedrooms | 13 | 16 | +23.1% |
| 4 Bedrooms | 20 | 26 | +30.0% |
| 5+ Bedrooms | 25 | 24 | -4.0% |
Summary: The Los Altos housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 30%, and 5+ bedroom homes decreased by 4%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 35 | 21 | -40.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Los Altos, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in Los Altos in September 2024, down by 40.0% month-over-month. Of the 21 sold homes, 43% were sold under asking, 0% were sold at asking, and 57% were sold over asking.
Days on Market for Los Altos, CA
How long does it take to sell a home in Los Altos, CA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 29 Days | 33 Days | +11.9% |
Summary: Homes in Los Altos had an average of 33 days on market in Sep 2024, up by 11.9% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Los Altos are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 21 homes were sold in Los Altos; 76% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 19% 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.