December 2024
Los Gatos is a wonderful community on the slopes of the Santa Cruz mountains. Great schools, a very fun downtown area and easy access to Hwy 17 makes this a very desirable place to live. Click on these links to view more information on the Los Gatos Community and Schools.
Los Gatos home values rose by 12.7% in 2024. The annual increase in the median price for Los Gatos homes has averaged 6.2% per year (CAGR) over the past 20 years.
Market demand is relatively strong. Homes are selling quickly and final sales prices are averaging slightly over list.
The supply of New Listings (blue line) recovered slightly in 2024.
Los Gatos homes are typically in the $1M to $4M price range. The chart shows the distribution of home prices by number of bedrooms.
The scatter chart above shows the distribution of $/SQFT by the size of the home. Also gives you an idea of what to expect in home size.
The Quarterly Median Price provides insight into the annual averages.
Keep in mind that the fluctuation may be due to a change in the mix of homes selling in a particular month, not necessarily changes in home values.
Spikes in the average Days on Market is typically due to seasonal market slow-downs in Nov-Jan.
Monthly Final sales price vs. List Price averages reflect homes that sold in the previous month and closed in the reported month.
Home selling within 10 days are typically selling for over the annual average. Shows the importance of doing everything possible to make your home as attractive as posssible.
The Inventory of Active Listings is significantly lower than prior years.
Note the seasonality with December typically being the low-point during the year.
Home sales are seasonal with Nov-Jan being the slower months.
Source: The data above is obtained directly from MLSlistings, the multiple listing service (MLS) serving Santa Clara and San Mateo counties. The information is deemed to be accurate, however is not guaranteed.