$10,000 Closing Credit*
$999,000
2,000 SqFt
3 Beds
Lisa Sgarlato, Listing Office: Compass
Is Los Gatos, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Los Gatos has remained a Seller's Market.
Key Takeaway
Los Gatos is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Los Gatos, CA
How much do homes in Los Gatos, CA cost?
Median Sold Price
$2,340,000
$1,125/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$229,000(+10.8%)
Key Takeaway
Homes in Los Gatos have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in Los Gatos was $2,340,000 in September 2024, up 10.8% from last year, and the median price per square foot was $1,125.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $676K | $558.5K | -17.4% |
| 2 Bedrooms | $1.0M | $1.2M | +20.5% |
| 3 Bedrooms | $1.9M | $1.9M | +2.4% |
| 4 Bedrooms | $2.7M | $3.0M | +9.6% |
| 5+ Bedrooms | $3.5M | $3.6M | +1.4% |
Summary: Los Gatos housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.4%, 2 bedroom homes increased by 20.5%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 1.4%.
Median Sold Price Compared To Nearby Cities
| Monte Sereno | $3.2M | $4.7M | +44.6% |
| Los Gatos | $2.1M | $2.3M | +10.8% |
| Campbell | $1.6M | $1.7M | +9.9% |
| Saratoga | $3.5M | $3.9M | +8.9% |
| Lexington Hills | $1.2M | $1.1M | -4.2% |
Housing Supply in Los Gatos, CA
How many homes are available in Los Gatos, CA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 163 | 208 | +27.6% |
Summary: The Los Gatos real estate market had 208 homes for sale in September 2024, a 27.6% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 27 | 36 | +33.3% |
| 3 Bedrooms | 53 | 61 | +15.1% |
| 4 Bedrooms | 46 | 62 | +34.8% |
| 5+ Bedrooms | 31 | 42 | +35.5% |
Summary: The Los Gatos housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 15.1%, 4 bedroom homes increased by 34.8%, and 5+ bedroom homes increased by 35.5%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 31 | 42 | +35.5% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Los Gatos, you could pay more than the asking price. 43.6% of homes here sold above asking price last month.
Summary: A total of 42 homes were sold or pending in Los Gatos in September 2024, up by 35.5% month-over-month. Of the 39 sold homes, 38% were sold under asking, 18% were sold at asking, and 44% were sold over asking.
Days on Market for Los Gatos, CA
How long does it take to sell a home in Los Gatos, CA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 21 Days | 46 Days | +116.0% |
Summary: Homes in Los Gatos had an average of 46 days on market in Sep 2024, up by 116% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Los Gatos are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 42 homes were sold in Los Gatos; 69% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.