Is Los Altos, 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 Altos has remained a Seller's Market.
Housing Prices in Los Altos, CA
How much do homes in Los Altos, CA cost?
Median Sold Price
$3,950,000
$1,632/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Los Altos was $3,950,000 in May 2024, up 4.1% from last year, and the median price per square foot was $1,632.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $792.5K | $1.4M | +83.0% |
2 Bedrooms | $1.7M | $1.5M | -9.7% |
3 Bedrooms | $3.3M | $3.5M | +7.0% |
4 Bedrooms | $4.0M | $4.2M | +6.3% |
5+ Bedrooms | $5.3M | $5.1M | -4.7% |
Summary: Los Altos housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 83%, 2 bedroom homes decreased by 9.7%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 4.7%.
Median Sold Price Compared To Nearby Cities
Mountain View | $1.6M | $1.8M | +8.4% |
Sunnyvale | $1.7M | $1.8M | +7.2% |
Los Altos Hills | $5.2M | $5.5M | +5.6% |
Los Altos | $3.7M | $3.9M | +4.1% |
Palo Alto | $3.0M | $3.0M | -2.6% |
Housing Supply in Los Altos, CA
How many homes are available in Los Altos, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
86 | 107 | +24.4% |
Summary: The Los Altos real estate market had 107 homes for sale in May 2024, a 24.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 5 | -28.6% |
2 Bedrooms | 14 | 20 | +42.9% |
3 Bedrooms | 20 | 21 | +5.0% |
4 Bedrooms | 29 | 34 | +17.2% |
5+ Bedrooms | 16 | 27 | +68.8% |
Summary: The Los Altos housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 28.6%, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes increased by 68.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
30 | 38 | +26.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 38 homes were sold or pending in Los Altos in May 2024, up by 26.7% month-over-month. Of the 37 sold homes, 22% were sold under asking, 16% were sold at asking, and 62% were sold over asking.
Days on Market for Los Altos, CA
How long does it take to sell a home in Los Altos, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
10 Days | 11 Days | +10.3% |
Summary: Homes in Los Altos had an average of 11 days on market in May 2024, up by 10.3% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 38 homes were sold in Los Altos; 97% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.