Is Los Altos, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 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
$3,822,500
$1,580/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Los Altos was $3,822,500 in February 2024, down 3% from last year, and the median price per square foot was $1,580.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $800K | $1.1M | +41.1% |
2 Bedrooms | $1.9M | $1.5M | -18.4% |
3 Bedrooms | $3.5M | $3.5M | 0.1% |
4 Bedrooms | $4.2M | $4.1M | -3.5% |
5+ Bedrooms | $5.3M | $5.1M | -4.0% |
Summary: Los Altos housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.1%, 2 bedroom homes decreased by 18.4%, 3 bedroom homes increased by 0.1%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes decreased by 4%.
Median Sold Price Compared To Nearby Cities
Sunnyvale | $1.7M | $1.8M | +5.2% |
Mountain View | $1.7M | $1.7M | +1.8% |
Los Altos | $3.9M | $3.8M | -3.0% |
Palo Alto | $3.2M | $2.9M | -7.3% |
Los Altos Hills | $5.6M | $5.1M | -9.3% |
Housing Supply in Los Altos, CA
How many homes are available in Los Altos, CA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
34 | 62 | +82.4% |
Summary: The Los Altos real estate market had 62 homes for sale in February 2024, a 82.4% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 6 | 15 | +150.0% |
3 Bedrooms | 8 | 12 | +50.0% |
4 Bedrooms | 10 | 17 | +70.0% |
5+ Bedrooms | 7 | 15 | +114.3% |
Summary: The Los Altos housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 150%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 70%, and 5+ bedroom homes increased by 114.3%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
9 | 16 | +77.8% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Los Altos in February 2024, up by 77.8% month-over-month. Of the 15 sold homes, 27% were sold under asking, 13% were sold at asking, and 60% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
10 Days | 13 Days | +29.9% |
Summary: Homes in Los Altos had an average of 13 days on market in Feb 2024, up by 29.9% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 16 homes were sold in Los Altos; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.