Is North Los Altos, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, North Los Altos has remained a Seller's Market.
Key Takeaway
North Los Altos is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Los Altos, CA
How much do homes in North Los Altos, CA cost?
Median Sold Price
$3,575,000
$1,422/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in North Los Altos have sold for 11.9% less than they did a year ago.
Summary: The median home sold price in North Los Altos was $3,575,000 in April 2024, down 11.9% from last year, and the median price per square foot was $1,422.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $792.5K | $1.1M | +42.5% |
| 2 Bedrooms | $1.4M | $1.3M | -4.7% |
| 3 Bedrooms | $3.3M | $3.5M | +4.5% |
| 4 Bedrooms | $4.5M | $4.4M | -2.3% |
| 5+ Bedrooms | $5.5M | $5.8M | +5.2% |
Summary: North Los Altos housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.5%, 2 bedroom homes decreased by 4.7%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 5.2%.
Housing Supply in North Los Altos, CA
How many homes are available in North Los Altos, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 | 31 | +34.8% |
Summary: The North Los Altos real estate market had 31 homes for sale in April 2024, a 34.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 4 | +300.0% |
| 2 Bedrooms | 5 | 9 | +80.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The North Los Altos housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 300%, 2 bedroom homes increased by 80%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Los Altos, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in North Los Altos in April 2024, the same as the previous month. Of the 9 sold homes, 56% were sold under asking, 0% were sold at asking, and 44% were sold over asking.
Days on Market for North Los Altos, CA
How long does it take to sell a home in North Los Altos, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 20 Days | 12 Days | -40.3% |
Summary: Homes in North Los Altos had an average of 12 days on market in Apr 2024, down by 40.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Los Altos are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in North Los Altos; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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.