Is Los Gatos, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Los Gatos is a seller's market

Buyer's
Market

Difference Since September 2021

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.

How much do homes in Los Gatos, CA cost?

Median Sold Price

$2,462,083

$1,190/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$312,083(+14.5%)

Key Takeaway

Homes in Los Gatos have sold for 14.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $589K$615K
+4.4%
2 $1.2M$1.2M
0.4%
3 $1.7M$2.1M
+20.8%
4 $2.7M$3.3M
+19.3%
5+ $3.5M$4.4M
+24.8%

Median Sold Price Compared To Nearby Cities

Campbell
+17.0%
Monte Sereno
+16.7%
Los Gatos
+14.5%
Saratoga
+12.9%

How many homes are available in Los Gatos, CA?

Number of Homes For Sale

Aug 2022Sep 2022%
9084-6.7%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 22
0.0%
2 1915
-21.1%
3 3132
+3.2%
4 2423
-4.2%
5+ 1412
-14.3%

Number of Homes Sold

Aug 2022Sep 2022%
3526-25.7%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Los Gatos, you could pay more than the asking price. 52% of homes here sold above asking price last month.

Average Sale Time

Sep 2021Sep 2022%
16 Days29 Days+73.9%

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Los Gatos are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Los Gatos, CA

There are 84 homes are for sale in Los Gatos, CA real estate market. Between August 2022 and September 2022, Los Gatos, CA real estate market has seen decrease in the number of listings by 6.7%. In September 2022, listings were on the market for 29 days. During the same period, the median list price in this real estate market was $2,462,083. From August 2022 through September 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 4.4%, 2 bedrooms properties prices increased by 0.4%, prices of 3 bedrooms properties went up by 20.8%, prices of 4 bedrooms properties went up by 19.3%, the cost of 5 bedrooms properties went up by 24.8%. Volume of homes for sale changed: volume of 1 bedroom homes stayed the same, the quantity of 2 bedrooms homes went down by 21.1%, 3 bedrooms homes inventory increased by 3.2%, the quantity of 4 bedrooms homes went down by 4.2%, number of 5 bedrooms homes decreased by 14.3%. In September 2022 more than 13 listings in Los Gatos, CA were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 12 were sold below.

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