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 March 2023
Since last year, Los Altos Hills has remained a Seller's Market.
Housing Prices in Los Altos Hills, CA
How much do homes in Los Altos Hills, CA cost?
Median Sold Price
$5,300,000
$1,597/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Los Altos Hills was $5,300,000 in March 2024, down 3.5% from last year, and the median price per square foot was $1,597.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $4.7M | $4.0M | -15.1% |
3 Bedrooms | $4.3M | $4.5M | +3.6% |
4 Bedrooms | $5.0M | $5.1M | +2.0% |
5+ Bedrooms | $7.6M | $5.9M | -22.4% |
Summary: Los Altos Hills housing prices by bedroom type for March 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 2%, and 5+ bedroom homes decreased by 22.4%.
Median Sold Price Compared To Nearby Cities
West Santa Clara | $4.7M | $4.6M | -0.7% |
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 Hills, CA
How many homes are available in Los Altos Hills, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 24 | +50.0% |
Summary: The Los Altos Hills real estate market had 24 homes for sale in March 2024, a 50.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 1 | 2 | +100.0% |
4 Bedrooms | 3 | 7 | +133.3% |
5+ Bedrooms | 12 | 15 | +25.0% |
Summary: The Los Altos Hills housing inventory by bedroom type for March 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 100%, 4 bedroom homes increased by 133.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 6 | +50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Los Altos Hills in March 2024, up by 50.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
76 Days | 21 Days | -71.9% |
Summary: Homes in Los Altos Hills had an average of 21 days on market in Mar 2024, down by 71.9% 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
Summary: During March 2024, 6 homes were sold in Los Altos Hills; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.