$10,000 Closing Credit*
$2,395,000
1,644 SqFt
3 Beds
•2 Full Baths
Douglas Raisch, Listing Office: Intempus Realty
Is 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, Los Gatos has remained a Seller's Market.
Key Takeaway
Los Gatos is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Los Gatos, CA
How much do homes in Los Gatos, CA cost?
Median Sold Price
$2,356,777
$1,128/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$241,277(+11.4%)
Key Takeaway
Homes in Los Gatos have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in Los Gatos was $2,356,777 in October 2024, up 11.4% from last year, and the median price per square foot was $1,128.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $758K | $544K | -28.2% |
| 2 Bedrooms | $995K | $1.2M | +29.4% |
| 3 Bedrooms | $1.8M | $1.9M | +1.1% |
| 4 Bedrooms | $2.7M | $3.0M | +9.5% |
| 5+ Bedrooms | $3.5M | $3.6M | +3.4% |
Summary: Los Gatos housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28.2%, 2 bedroom homes increased by 29.4%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 3.4%.
Median Sold Price Compared To Nearby Cities
| Los Gatos | $2.1M | $2.3M | +11.4% |
| Saratoga | $3.6M | $4.0M | +9.6% |
| Campbell | $1.6M | $1.8M | +9.5% |
| Lexington Hills | $1.1M | $1.1M | -4.3% |
Housing Supply in Los Gatos, CA
How many homes are available in Los Gatos, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 191 | 204 | +6.8% |
Summary: The Los Gatos real estate market had 204 homes for sale in October 2024, a 6.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 10 | +42.9% |
| 2 Bedrooms | 33 | 34 | +3.0% |
| 3 Bedrooms | 54 | 63 | +16.7% |
| 4 Bedrooms | 60 | 54 | -10.0% |
| 5+ Bedrooms | 37 | 43 | +16.2% |
Summary: The Los Gatos housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 42.9%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 16.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 | 50 | +22.0% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Los Gatos, you may be able to get a good deal. 51% of homes here sold below asking price last month.
Summary: A total of 50 homes were sold or pending in Los Gatos in October 2024, up by 22.0% month-over-month. Of the 49 sold homes, 51% were sold under asking, 4% were sold at asking, and 45% were sold over asking.
Days on Market for Los Gatos, CA
How long does it take to sell a home in Los Gatos, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 33 Days | +51.2% |
Summary: Homes in Los Gatos had an average of 33 days on market in Oct 2024, up by 51.2% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Los Gatos are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 50 homes were sold in Los Gatos; 64% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 10% 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. 
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