Is 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, 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
$2,171,666
$1,052/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Los Gatos was $2,171,666 in May 2024, down 1.6% from last year, and the median price per square foot was $1,052.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $925K | $573K | -38.1% |
2 Bedrooms | $1.0M | $1.0M | +2.3% |
3 Bedrooms | $2.0M | $1.8M | -9.1% |
4 Bedrooms | $2.8M | $2.9M | +2.6% |
5+ Bedrooms | $3.5M | $3.5M | +1.3% |
Summary: Los Gatos housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.1%, 2 bedroom homes increased by 2.3%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 1.3%.
Median Sold Price Compared To Nearby Cities
Campbell | $1.6M | $1.7M | +10.9% |
Lexington Hills | $1.1M | $1.2M | +10.1% |
Saratoga | $3.5M | $3.7M | +7.6% |
Los Gatos | $2.2M | $2.1M | -1.6% |
Housing Supply in Los Gatos, CA
How many homes are available in Los Gatos, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
165 | 204 | +23.6% |
Summary: The Los Gatos real estate market had 204 homes for sale in May 2024, a 23.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 9 | 0.0% |
2 Bedrooms | 21 | 28 | +33.3% |
3 Bedrooms | 46 | 68 | +47.8% |
4 Bedrooms | 55 | 57 | +3.6% |
5+ Bedrooms | 34 | 42 | +23.5% |
Summary: The 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 33.3%, 3 bedroom homes increased by 47.8%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 23.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
46 | 62 | +34.8% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
35 Homes Were Sold
Over Asking
Summary: A total of 62 homes were sold or pending in Los Gatos in May 2024, up by 34.8% month-over-month. Of the 61 sold homes, 34% were sold under asking, 8% were sold at asking, and 57% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
26 Days | 25 Days | -0.9% |
Summary: Homes in Los Gatos had an average of 25 days on market in May 2024, down by 0.9% compared to last year.
Breakdown of Home Sale Times
47 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 62 homes were sold in Los Gatos; 76% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.