Is Los Altos, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Los Altos is a seller's market

Buyer's
Market

Difference Since June 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

$4,048,479

$1,667/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$311,479(+8.3%)

Key Takeaway

Homes in Los Altos have sold for 8.3% more than they did a year ago.

Summary: The median home sold price in Los Altos was $4,048,479 in June 2024, up 8.3% from last year, and the median price per square foot was $1,667.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $780K$1.3M
+76.3%
2 $1.7M$1.5M
-14.7%
3 $3.4M$3.5M
+4.4%
4 $4.0M$4.3M
+9.5%
5+ $5.3M$5.1M
-4.3%

Summary: Los Altos housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 76.3%, 2 bedroom homes decreased by 14.7%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes decreased by 4.3%.

Median Sold Price Compared To Nearby Cities

Los Altos
+8.3%
Mountain View
+5.8%
Sunnyvale
+4.8%
Palo Alto
-0.5%

Housing Supply in Los Altos, CA

How many homes are available in Los Altos, CA?

Number of Homes For Sale

May 2024Jun 2024CHANGE
10496-7.7%

Summary: The Los Altos real estate market had 96 homes for sale in June 2024, a 7.7% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 55
0.0%
2 1817
-5.6%
3 2115
-28.6%
4 3433
-2.9%
5+ 2626
0.0%

Summary: The Los Altos housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5.6%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

May 2024Jun 2024CHANGE
3732-13.5%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

21 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Los Altos, you could pay more than the asking price. 70% of homes here sold above asking price last month.

Summary: A total of 32 homes were sold or pending in Los Altos in June 2024, down by 13.5% month-over-month. Of the 30 sold homes, 23% were sold under asking, 7% were sold at asking, and 70% 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

Jun 2023Jun 2024CHANGE
13 Days16 Days+17.0%

Summary: Homes in Los Altos had an average of 16 days on market in Jun 2024, up by 17% compared to last year.

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Los Altos are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 32 homes were sold in Los Altos; 84% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 12 Days Ago

Newest Listings in Los Altos, CA

Nearby Markets to Los Altos, CA

What housing markets are near Los Altos, CA?