Is Los Altos Hills, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Los Altos Hills was a Neutral Market.
Key Takeaway
Los Altos Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Los Altos Hills, CA
How much do homes in Los Altos Hills, CA cost?
Median Sold Price
$6,625,000
$1,622/sqft
Based on all homes sold in June 2024.
Difference Since Last Month
Key Takeaway
Homes in Los Altos Hills have sold for 41.7% more than they did a month ago.
Summary: The median home sold price in Los Altos Hills was $6,625,000 in June 2024, up 41.7% from last month, and the median price per square foot was $1,622.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $5.0M | N/A |
| 4 Bedrooms | $4.1M | $6.6M | +58.7% |
| 5+ Bedrooms | $14.0M | $12.5M | -10.7% |
Summary: Los Altos Hills housing prices by bedroom type for June 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 58.7%, and 5+ bedroom homes decreased by 10.7%.
Housing Supply in Los Altos Hills, CA
How many homes are available in Los Altos Hills, CA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 33 | 42 | +27.3% |
Summary: The Los Altos Hills real estate market had 42 homes for sale in June 2024, a 27.3% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 15 | 16 | +6.7% |
| 5+ Bedrooms | 16 | 23 | +43.8% |
Summary: The Los Altos Hills 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 43.8%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 5 | 10 | +100.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Los Altos Hills, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Los Altos Hills in June 2024, up by 100.0% month-over-month. Of the 10 sold homes, 60% were sold under asking, 10% were sold at asking, and 30% were sold over asking.
Days on Market for Los Altos Hills, CA
How long does it take to sell a home in Los Altos Hills, CA?
Average Sale Time
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 20 Days | 47 Days | +128.6% |
Summary: Homes in Los Altos Hills had an average of 47 days on market in Jun 2024, up by 128.6% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Los Altos Hills are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 10 homes were sold in Los Altos Hills; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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