$3,149,950
1,741 SqFt
2 Beds
•2 Full Baths
Meryle Sussman, Listing Office: Compass
Is Los Altos, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Los Altos has remained a Seller's Market.
Key Takeaway
Los Altos is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Los Altos, CA
How much do homes in Los Altos, CA cost?
Median Sold Price
$4,200,000
$1,764/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$377,500(+9.9%)
Key Takeaway
Homes in Los Altos have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in Los Altos was $4,200,000 in December 2024, up 9.9% from last year, and the median price per square foot was $1,764.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.1M | $1.3M | +21.8% |
| 2 Bedrooms | $1.5M | $2.0M | +35.0% |
| 3 Bedrooms | $3.5M | $3.9M | +12.9% |
| 4 Bedrooms | $4.1M | $4.5M | +10.4% |
| 5+ Bedrooms | $5.3M | $5.9M | +11.2% |
Summary: Los Altos housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.8%, 2 bedroom homes increased by 35%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 11.2%.
Median Sold Price Compared To Nearby Cities
| Palo Alto | $3.0M | $3.3M | +13.1% |
| Los Altos | $3.8M | $4.2M | +9.9% |
| Los Altos Hills | $5.1M | $5.5M | +9.5% |
| Mountain View | $1.7M | $1.8M | +3.4% |
| Sunnyvale | $1.8M | $1.8M | +3.3% |
Housing Supply in Los Altos, CA
How many homes are available in Los Altos, CA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 74 | 46 | -37.8% |
Summary: The Los Altos real estate market had 46 homes for sale in December 2024, a 37.8% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 15 | 12 | -20.0% |
| 3 Bedrooms | 10 | 5 | -50.0% |
| 4 Bedrooms | 33 | 18 | -45.5% |
| 5+ Bedrooms | 14 | 10 | -28.6% |
Summary: The Los Altos housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 45.5%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 32 | 21 | -34.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Los Altos, you could pay more than the asking price. 52.4% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in Los Altos in December 2024, down by 34.4% month-over-month. Of the 21 sold homes, 33% were sold under asking, 14% were sold at asking, and 52% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 31 Days | 30 Days | -3.1% |
Summary: Homes in Los Altos had an average of 30 days on market in Dec 2024, down by 3.1% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Los Altos are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 21 homes were sold in Los Altos; 67% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 5% 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.