Is 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, 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
$3,891,000
$1,609/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Los Altos was $3,891,000 in April 2024, up 1.7% from last year, and the median price per square foot was $1,609.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $800K | $1.2M | +56.5% |
2 Bedrooms | $1.7M | $1.6M | -6.9% |
3 Bedrooms | $3.3M | $3.5M | +5.5% |
4 Bedrooms | $4.1M | $4.2M | +3.7% |
5+ Bedrooms | $5.2M | $5.1M | -2.4% |
Summary: Los Altos housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 56.5%, 2 bedroom homes decreased by 6.9%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes decreased by 2.4%.
Median Sold Price Compared To Nearby Cities
Mountain View | $1.6M | $1.8M | +6.9% |
Sunnyvale | $1.7M | $1.8M | +6.3% |
Los Altos | $3.8M | $3.8M | +1.7% |
Los Altos Hills | $5.3M | $5.3M | 0.0% |
Palo Alto | $3.1M | $3.0M | -3.2% |
Housing Supply in Los Altos, CA
How many homes are available in Los Altos, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
72 | 92 | +27.8% |
Summary: The Los Altos real estate market had 92 homes for sale in April 2024, a 27.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 8 | +100.0% |
2 Bedrooms | 13 | 16 | +23.1% |
3 Bedrooms | 11 | 19 | +72.7% |
4 Bedrooms | 29 | 33 | +13.8% |
5+ Bedrooms | 15 | 16 | +6.7% |
Summary: The Los Altos housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 23.1%, 3 bedroom homes increased by 72.7%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 31 | +29.2% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Los Altos in April 2024, up by 29.2% month-over-month. Of the 31 sold homes, 29% were sold under asking, 6% were sold at asking, and 65% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
14 Days | 10 Days | -25.9% |
Summary: Homes in Los Altos had an average of 10 days on market in Apr 2024, down by 25.9% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 31 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.