Is East Los Gatos, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, East Los Gatos has remained a Seller's Market.
Housing Prices in East Los Gatos, CA
How much do homes in East Los Gatos, CA cost?
Median Sold Price
$3,000,000
$1,241/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in East Los Gatos was $3,000,000 in May 2024, up 15.4% from last year, and the median price per square foot was $1,241.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $891.5K | $554.5K | -37.8% |
2 Bedrooms | $1.0M | $1.2M | +25.5% |
3 Bedrooms | $2.1M | $2.6M | +20.7% |
4 Bedrooms | $3.3M | $3.3M | +0.6% |
5+ Bedrooms | $3.5M | $5.1M | +45.3% |
Summary: East Los Gatos housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37.8%, 2 bedroom homes increased by 25.5%, 3 bedroom homes increased by 20.7%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 45.3%.
Housing Supply in East Los Gatos, CA
How many homes are available in East Los Gatos, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
59 | 73 | +23.7% |
Summary: The East Los Gatos real estate market had 73 homes for sale in May 2024, a 23.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 6 | 7 | +16.7% |
3 Bedrooms | 13 | 16 | +23.1% |
4 Bedrooms | 22 | 25 | +13.6% |
5+ Bedrooms | 15 | 22 | +46.7% |
Summary: The East Los Gatos housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 46.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 23 | +27.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in East Los Gatos in May 2024, up by 27.8% month-over-month. Of the 23 sold homes, 26% were sold under asking, 9% were sold at asking, and 65% were sold over asking.
Days on Market for East Los Gatos, CA
How long does it take to sell a home in East Los Gatos, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
21 Days | 19 Days | -10.1% |
Summary: Homes in East Los Gatos had an average of 19 days on market in May 2024, down by 10.1% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 23 homes were sold in East Los Gatos; 74% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.