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 neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Los Altos Hills was a Seller's Market.

Key Takeaway

Los Altos Hills is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Los Altos Hills, CA

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

Median Sold Price

$5,500,000

$1,531/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$290,000(+5.6%)

Key Takeaway

Homes in Los Altos Hills have sold for 5.6% more than they did a year ago.

Summary: The median home sold price in Los Altos Hills was $5,500,000 in May 2024, up 5.6% from last year, and the median price per square foot was $1,531.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $4.7M$4.0M
-15.1%
3 $4.3M$4.5M
+3.6%
4 $4.7M$4.9M
+4.3%
5+ $7.6M$6.4M
-15.8%

Summary: Los Altos Hills housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 15.1%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 15.8%.

Median Sold Price Compared To Nearby Cities

West Santa Clara
+8.4%
Los Altos Hills
+5.6%
Los Altos
+4.1%
Palo Alto
-2.6%

Housing Supply in Los Altos Hills, CA

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

Number of Homes For Sale

Apr 2024May 2024CHANGE
2334+47.8%

Summary: The Los Altos Hills real estate market had 34 homes for sale in May 2024, a 47.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 00
0.0%
3 22
0.0%
4 1016
+60.0%
5+ 1116
+45.5%

Summary: The Los Altos Hills housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 60%, and 5+ bedroom homes increased by 45.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Los Altos Hills, you could pay more than the asking price. 80% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in Los Altos Hills in May 2024, up by 66.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% 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 2023May 2024CHANGE
12 Days20 Days+60.9%

Summary: Homes in Los Altos Hills had an average of 20 days on market in May 2024, up by 60.9% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were 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.

Summary: During May 2024, 5 homes were sold in Los Altos Hills; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% 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 20 Days Ago

Newest Listings in Los Altos Hills, CA

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