$10,000 Closing Credit*
$1,398,000
1,443 SqFt
1 Bed
•1 Full Bath, 1 Partial
Jenny Qian, Listing Office: Summerhill Brokerage, 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 November 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
$3,010,000
$1,298/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$332,500(+12.4%)
Key Takeaway
Homes in East Los Gatos have sold for 12.4% more than they did a year ago.
Summary: The median home sold price in East Los Gatos was $3,010,000 in November 2024, up 12.4% from last year, and the median price per square foot was $1,298.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.0M | $871K | -14.4% |
| 2 Bedrooms | $1.2M | $1.4M | +16.6% |
| 3 Bedrooms | $2.4M | $2.5M | +3.7% |
| 4 Bedrooms | $3.2M | $3.3M | +4.2% |
| 5+ Bedrooms | $4.4M | $4.5M | +1.3% |
Summary: East Los Gatos housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.4%, 2 bedroom homes increased by 16.6%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 1.3%.
Housing Supply in East Los Gatos, CA
How many homes are available in East Los Gatos, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 58 | 54 | -6.9% |
Summary: The East Los Gatos real estate market had 54 homes for sale in November 2024, a 6.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 9 | +50.0% |
| 2 Bedrooms | 9 | 10 | +11.1% |
| 3 Bedrooms | 18 | 15 | -16.7% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 12 | 8 | -33.3% |
Summary: The East Los Gatos housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 13 | -27.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Los Gatos, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in East Los Gatos in November 2024, down by 27.8% month-over-month. Of the 11 sold homes, 45% were sold under asking, 0% were sold at asking, and 55% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 18 Days | 18 Days | -2.6% |
Summary: Homes in East Los Gatos had an average of 18 days on market in Nov 2024, down by 2.6% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was 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 November 2024, 13 homes were sold in East Los Gatos; 85% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% 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.