$5,750,000
3,117 SqFt
3 Beds
•2 Full Baths, 1 Partial
#424078287, Michelle Kennedy, Prescott Pavlina, Listing Office: Coldwell Banker Realty
Is Los Altos Hills, 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, Los Altos Hills has remained a Seller's Market.
Key Takeaway
Los Altos Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Los Altos Hills, CA
How much do homes in Los Altos Hills, CA cost?
Median Sold Price
$5,550,000
$1,586/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$340,000(+6.5%)
Key Takeaway
Homes in Los Altos Hills have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Los Altos Hills was $5,550,000 in October 2024, up 6.5% from last year, and the median price per square foot was $1,586.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $4.6M | $3.3M | -27.9% |
| 3 Bedrooms | $4.5M | $4.5M | 0.0% |
| 4 Bedrooms | $4.5M | $5.8M | +29.9% |
| 5+ Bedrooms | $6.2M | $6.0M | -4.0% |
Summary: Los Altos Hills housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 27.9%, 3 bedroom homes did not change, 4 bedroom homes increased by 29.9%, and 5+ bedroom homes decreased by 4%.
Median Sold Price Compared To Nearby Cities
| West Santa Clara | $4.0M | $4.8M | +18.5% |
| Los Altos | $3.8M | $4.1M | +8.1% |
| Palo Alto | $3.0M | $3.2M | +7.7% |
| Los Altos Hills | $5.2M | $5.5M | +6.5% |
Housing Supply in Los Altos Hills, CA
How many homes are available in Los Altos Hills, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 | 40 | +14.3% |
Summary: The Los Altos Hills real estate market had 40 homes for sale in October 2024, a 14.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 20 | 23 | +15.0% |
Summary: The Los Altos Hills housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 15%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 8 | +166.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Los Altos Hills, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Los Altos Hills in October 2024, up by 166.7% month-over-month. Of the 8 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Los Altos Hills, CA
How long does it take to sell a home in Los Altos Hills, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 26 Days | +26.8% |
Summary: Homes in Los Altos Hills had an average of 26 days on market in Oct 2024, up by 26.8% compared to last year.
Breakdown of Home Sale Times
6 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 Los Altos Hills are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Los Altos Hills; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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