Is Los Altos, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Los Altos has remained a Seller's Market.
Housing Prices in Los Altos, CA
How much do homes in Los Altos, CA cost?
Median Sold Price
$3,859,000
$1,583/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Los Altos was $3,859,000 in March 2024, down 1.1% from last year, and the median price per square foot was $1,583.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $800K | $1.1M | +41.1% |
2 Bedrooms | $2.0M | $1.6M | -20.0% |
3 Bedrooms | $3.5M | $3.5M | +2.1% |
4 Bedrooms | $4.1M | $4.2M | +3.4% |
5+ Bedrooms | $5.3M | $5.1M | -2.7% |
Summary: Los Altos housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.1%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 2.7%.
Median Sold Price Compared To Nearby Cities
Sunnyvale | $1.7M | $1.8M | +5.2% |
Mountain View | $1.7M | $1.8M | +4.7% |
Los Altos | $3.9M | $3.8M | -1.1% |
Los Altos Hills | $5.4M | $5.3M | -3.5% |
Palo Alto | $3.1M | $2.9M | -5.1% |
Housing Supply in Los Altos, CA
How many homes are available in Los Altos, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
60 | 76 | +26.7% |
Summary: The Los Altos real estate market had 76 homes for sale in March 2024, a 26.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 5 | +150.0% |
2 Bedrooms | 14 | 13 | -7.1% |
3 Bedrooms | 12 | 13 | +8.3% |
4 Bedrooms | 17 | 31 | +82.4% |
5+ Bedrooms | 15 | 14 | -6.7% |
Summary: The Los Altos housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 82.4%, and 5+ bedroom homes decreased by 6.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 23 | +43.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Los Altos in March 2024, up by 43.8% month-over-month. Of the 23 sold homes, 26% were sold under asking, 4% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
21 Days | 10 Days | -52.2% |
Summary: Homes in Los Altos had an average of 10 days on market in Mar 2024, down by 52.2% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 23 homes were sold in Los Altos; 87% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.