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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Los Altos Hills is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Los Altos Hills has remained a Seller's Market.

Key Takeaway

Los Altos Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Los Altos Hills, CA cost?

Median Sold Price

$5,930,000

$1,549/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$805,000(+15.7%)

Key Takeaway

Homes in Los Altos Hills have sold for 15.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $4.4M$3.1M
-30.3%
3 $3.7M$4.4M
+18.9%
4 $4.9M$5.4M
+11.4%
5+ $6.0M$7.6M
+26.3%

Median Sold Price Compared To Nearby Cities

Los Altos Hills
+15.7%
West Santa Clara
+14.9%
Los Altos
+5.9%
Palo Alto
+3.5%

How many homes are available in Los Altos Hills, CA?

Number of Homes For Sale

Oct 2022Nov 2022%
2320-13.0%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 00
0.0%
3 00
0.0%
4 79
+28.6%
5+ 1611
-31.3%

Number of Homes Sold

Oct 2022Nov 2022%
74-42.9%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Los Altos Hills, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
42 Days47 Days+11.6%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Los Altos Hills, CA

Homes for sale in Los Altos Hills, CA have reached 20. Between October 2022 and November 2022, Los Altos Hills, CA real estate market has seen decrease in the number of listings by 13%. Listings spent 47 days on the market in November 2022, and had a median list price of $5,930,000 during the same period. Between October 2022 and November 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went down by 30.3%, 3 bedrooms properties prices increased by 18.9%, the cost of 4 bedrooms properties went up by 11.4%, 5 bedrooms properties prices increased by 26.3%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes stayed the same, 2 bedrooms homes inventory did not change, volume of 3 bedrooms homes stayed the same, 4 bedrooms homes inventory increased by 28.6%, 5 bedrooms homes inventory decreased by 31.3%. In November 2022 more than 1 listings in Los Altos Hills, CA were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 3 were sold below.

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