Is Los Gatos, 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 Gatos has remained a Seller's Market.
Housing Prices in Los Gatos, CA
How much do homes in Los Gatos, CA cost?
Median Sold Price
$2,120,000
$1,055/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Los Gatos was $2,120,000 in March 2024, down 7.3% from last year, and the median price per square foot was $1,055.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $707.5K | $755K | +6.7% |
2 Bedrooms | $1.0M | $1.0M | -3.2% |
3 Bedrooms | $2.1M | $1.8M | -13.1% |
4 Bedrooms | $3.0M | $2.8M | -6.9% |
5+ Bedrooms | $3.6M | $3.4M | -5.9% |
Summary: Los Gatos housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.7%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes decreased by 13.1%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes decreased by 5.9%.
Median Sold Price Compared To Nearby Cities
Campbell | $1.6M | $1.7M | +6.1% |
Saratoga | $3.5M | $3.7M | +3.6% |
Monte Sereno | $3.7M | $3.5M | -6.4% |
Los Gatos | $2.2M | $2.1M | -7.3% |
Lexington Hills | $1.4M | $1.2M | -17.5% |
Housing Supply in Los Gatos, CA
How many homes are available in Los Gatos, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
103 | 158 | +53.4% |
Summary: The Los Gatos real estate market had 158 homes for sale in March 2024, a 53.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 6 | +50.0% |
2 Bedrooms | 12 | 24 | +100.0% |
3 Bedrooms | 23 | 40 | +73.9% |
4 Bedrooms | 34 | 55 | +61.8% |
5+ Bedrooms | 30 | 33 | +10.0% |
Summary: The Los Gatos housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 73.9%, 4 bedroom homes increased by 61.8%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
28 | 44 | +57.1% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
25 Homes Were Sold
Over Asking
Summary: A total of 44 homes were sold or pending in Los Gatos in March 2024, up by 57.1% month-over-month. Of the 43 sold homes, 40% were sold under asking, 2% were sold at asking, and 58% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
29 Days | 42 Days | +42.4% |
Summary: Homes in Los Gatos had an average of 42 days on market in Mar 2024, up by 42.4% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 44 homes were sold in Los Gatos; 70% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.