$4,235,000
2,975 SqFt
4 Beds
•3 Full Baths
Frances Ibay, Listing Office: Thomas James Real Estate Services, Inc,
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 October 2023
Since last year, East Los Gatos has remained a Seller's Market.
Key Takeaway
East Los Gatos is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Los Gatos, CA
How much do homes in East Los Gatos, CA cost?
Median Sold Price
$3,005,000
$1,281/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$337,500(+12.7%)
Key Takeaway
Homes in East Los Gatos have sold for 12.7% more than they did a year ago.
Summary: The median home sold price in East Los Gatos was $3,005,000 in October 2024, up 12.7% from last year, and the median price per square foot was $1,281.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.0M | $544K | -48.2% |
| 2 Bedrooms | $1.2M | $1.3M | +15.4% |
| 3 Bedrooms | $2.3M | $2.5M | +5.7% |
| 4 Bedrooms | $3.2M | $3.3M | +3.4% |
| 5+ Bedrooms | $4.3M | $4.4M | +3.1% |
Summary: East Los Gatos housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 48.2%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 3.1%.
Housing Supply in East Los Gatos, CA
How many homes are available in East Los Gatos, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 58 | 64 | +10.3% |
Summary: The East Los Gatos real estate market had 64 homes for sale in October 2024, a 10.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 7 | +133.3% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 15 | 18 | +20.0% |
| 4 Bedrooms | 17 | 16 | -5.9% |
| 5+ Bedrooms | 14 | 14 | 0.0% |
Summary: The East Los Gatos housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 133.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 18 | +28.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Los Gatos, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in East Los Gatos in October 2024, up by 28.6% month-over-month. Of the 17 sold homes, 47% were sold under asking, 6% were sold at asking, and 47% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 32 Days | +34.6% |
Summary: Homes in East Los Gatos had an average of 32 days on market in Oct 2024, up by 34.6% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Los Gatos are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 18 homes were sold in East Los Gatos; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% 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.