As of today, May 10, 2023, the Los Gatos real estate market in 95030 & 95032 is showing slight signs of cooling as inventory is rising while there’s a slight falling off of closed sales. Many homes are still selling quickly, but some languish on the market – mostly if they started overpriced or have a location defect. Overall, it’s a slight seller’s market.
Stats from the MLS for Los Gatos 95030 and Los Gatos 95032
Here is some Los Gatos real estate market data that I pulled directly from the MLS.
Inventory
More homes are coming on the market – but it’s still below what we typically see for April.
Number of sales in LG 95030 and 95032
Tiny drop in sales in April as compared to the month before.
Months of Inventory
It’s a slight seller’s market generally, but turnkey, more affordable homes are in a hotter tier of the market.
Average sale price of homes sold in Los Gatos 95030 & 95032 – Los Gatos house prices
The numbers really jump around a bit in Los Gatos. Los Gatos single family home prices aren’t quite that volatile. What can happen is that in one month, there may be more sales in one school district, home size, or price point than in another. If one month a high proportion of entry level homes sell in a less expensive school district, and the next month a lot of properties sold in a more expensive area with larger homes, it will jump.
Home prices are about the same as a month earlier – and very close to February’s, too.
If you click on the image below, it will open in a new window and be larger and easier to read.
Altos Research Charts
From ALTOS – a view of LG 95030 (these are updated automatically each week). Altos uses LIST prices and active listing data. Of interest is comparing the 87 days on market for the active listings in 95030 and 76 in 95032 compared with the 30 days to sell for homes that did sell and close escrow (in the RE Report below). These are not by school district, but nearly all of 95030 has Los Gatos Schools while only about 1/3 of 95032 does.
And 95032:
Now for the current numbers, per my real estate report (click on the link for full information).
Los Gatos Real Estate Market Trends at a Glance: Los Gatos 95030 & 95032
The numbers below analyze data gathered during the first week of each month and cover real estate statistics from the month prior in Los Gatos 95030 & 95032 (all areas / school districts), or MLS “area 16”. See the full RE Report here.
Disclaimer: The RE Report numbers this month are quite different from the MLS stats that I pulled directly.
| Trends At a Glance | Apr-23 | Previous Month | Year-over-Year |
| Median Price | $2,880,000 (+12.3%) | $2,565,000 | $3,651,000 (-21.1%) |
| Average Price | $3,052,380 (+8.2%) | $2,820,590 | $3,606,330 (-15.4%) |
| No. of Sales | 29 (+3.6%) | 28 | 35 (-17.1%) |
| Pending | 57 (+7.5%) | 53 | 55 (+3.6%) |
| Active | 45 (+12.5%) | 40 | 42 (+7.1%) |
| Sale vs. List Price | 101.8% (-0.2%) | 102.10% | 118.2% (-13.8%) |
| Days on Market | 16 (-53.2%) | 34 | 7 (+133.7%) |
| Days of Inventory | 45 (+5.0%) | 43 | 35 (+29.3%) |
and the month before:
| Trends At a Glance | March 2023 | Previous Month | Year-over-Year |
| Median Price | $2,565,000 (-4.3%) | $2,680,000 | $3,350,000 (-23.4%) |
| Average Price | $2,820,590 (-4.6%) | $2,957,920 | $3,590,830 (-21.5%) |
| No. of Sales | 28 (+180.0%) | 10 | 37 (-24.3%) |
| Pending | 53 (+1.9%) | 52 | 57 (-7.0%) |
| Active | 40 (+25.0%) | 32 | 23 (+73.9%) |
| Sale vs. List Price | 102.1% (-0.3%) | 102.40% | 116.5% (-12.4%) |
| Days on Market | 34 (-16.5%) | 40 | 29 (+16.1%) |
| Days of Inventory | 43 (-50.4%) | 86 | 19 (+129.8%) |
Los Gatos real estate market for condominium and townhouse homes:
Moving on to condos, here are the live Altos Research charts with listings data.
95030:
95032:
The Los Gatos condo and townhouse market continues to weaken. Buyers, if you are waiting for a “good opportunity” market, this is it.
Los Gatos real estate market for condos and townhomes
The condo market was cooler in April, but prices moved up compared to March.
| Trends At a Glance | Apr-23 | Previous Month | Year-over-Year |
| Median Price | $1,275,000 (+25.6%) | $1,015,000 | $1,800,000 (-29.2%) |
| Average Price | $1,384,000 (+24.1%) | $1,115,000 | $1,728,530 (-19.9%) |
| No. of Sales | 7 (+75.0%) | 4 | 15 (-53.3%) |
| Pending | 19 (+72.7%) | 11 | 25 (-24.0%) |
| Active | 30 (+30.4%) | 23 | 15 (+100.0%) |
| Sale vs. List Price | 98.7% (+2.9%) | 95.90% | 104.9% (-5.9%) |
| Days on Market | 91 (+104.0%) | 45 | 25 (+268.1%) |
| Days of Inventory | 124 (-28.0%) | 173 | 29 (+328.6%) |
and the month before:
| Trends At a Glance | March 2023 | Previous Month | Year-over-Year |
| Median Price | $1,115,000 (+56.8%) | $711,000 | $1,612,500 (-30.9%) |
| Average Price | $1,215,450 (+19.1%) | $1,020,330 | $1,601,620 (-24.1%) |
| No. of Sales | 12 (+300.0%) | 3 | 10 (+20.0%) |
| Pending | 13 (-31.6%) | 19 | 20 (-35.0%) |
| Active | 13 (-13.3%) | 15 | 16 (-18.8%) |
| Sale vs. List Price | 99.9% (+0.5%) | 99.40% | 110.8% (-9.8%) |
| Days on Market | 20 (-18.3%) | 25 | 9 (+117.2%) |
| Days of Inventory | 33 (-75.9%) | 135 | 48 (-32.3%) |
Generally this area has a lower price range than in 95030, at any given point in time it could vary.
Los Gatos is a very complex real estate market because there are so many variables, including:
- proximity to downtown (“walk to town” always a huge plus)
- school district (“Los Gatos Schools” usually strongly preferred)
- historic nature of homes & neighborhoods
- slope and usability of the land
- views
- neighborhood amenities (cabana, nearby park, walkability)
- access to popular venues and locations (parks, shopping, schools)
- negative features such as busy roads, high voltage lines, being too close to freeways/trains, natural hazards such as earthquake faults etc.
- type of sale (distressed or regular sale)
Like anywhere else, homes in Los Gatos will have some positive and some negative features, and so will each location.
Los Gatos real estate market: What’s for sale now?
Houses for sale in Los Gatos & Monte Sereno 95030:
https://idx.diversesolutions.com/link/472470
Houses for sale in Los Gatos & Monte Sereno 95032:
https://idx.diversesolutions.com/link/472471
Right now, Monte Sereno has no condos or townhomes within its boundaries, but may in the future.
Condos and townhomes for sale in Los Gatos:
https://idx.diversesolutions.com/link/472472
More info on Los Gatos Homes for Sale, too.
Read more about Los Gatos real estate on my other sites and blogs, including popehandy.com: LG real estate market trends
Do you love Los Gatos, live there now or want to live there? Please also visit the Live in Los Gatos Blog!
A good place to begin is this article on that site: Where is Los Gatos California?
Learn about Los Gatos neighborhoods, see photos, videos, pricing information, age of homes and much more! Get frequent Los Gatos real estate market updates, find out about local events, business, see images of the parks, historic buildings, and get to know the Town even better. “Live in Los Gatos” is an award winning blog, also written by local Los Gatos Realtor and resident Mary Pope-Handy – check it out today!
