As of today, November 10, 2023, the Los Gatos real estate market in 95030 & 95032 remains strong, especially for well priced, turnkey homes.
Across the county, first time home buyers are the most active and more entry level prices is the strongest segment.
Los Gatos real estate market statistics for the last 30 days (not a calendar month)
Numbers for today (pulled from the MLS), going back 30 days from yesterday, so appx mid September to mid October:
- 40 houses for sale
- 15 are contingent or sale pending
- 27 have closed in the last 30 days
- average home size 2,438 SF
- average lot size 19,052 SF
- average days on market = 19 (up from 13!)
- average sale price $2,963,808 (down from last month’s report of $3,338,419)
- median sale price $2,800,000 down from $3,040,000 in last month’s report)
- average sale to list price ratio 106% (up from 104% last month and 102% in mid Sept)
Trends at a Glance from the RE Report for 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.
These numbers never line up exactly with the MLS figures, but the data trends line up:
| Trends At a Glance | Oct 2023 | Previous Month | Year-over-Year |
|---|---|---|---|
| Median Price | $2,943,000 (-3.5%) | $3,050,000 | $2,844,000 (+3.5%) |
| Average Price | $3,269,090 (+7.4%) | $3,042,590 | $3,331,400 (-1.9%) |
| No. of Sales | 30 (+100.0%) | 15 | 30 (0.0%) |
| Pending | 16 (-42.9%) | 28 | 13 (+23.1%) |
| Active | 42 (-12.5%) | 48 | 53 (-20.8%) |
| Sale vs. List Price | 104.1% (+0.1%) | 103.9% | 98.3% (+5.9%) |
| Days on Market | 20 (-12.5%) | 23 | 39 (-48.2%) |
| Days of Inventory | 42 (-54.7%) | 93 | 53 (-20.8%) |
And the month before:
| Trends At a Glance | Sep 2023 | Previous Month | Year-over-Year |
|---|---|---|---|
| Median Price | $3,050,000 (-4.7%) | $3,200,000 | $2,600,000 (+17.3%) |
| Average Price | $3,042,590 (-10.2%) | $3,386,360 | $2,923,980 (+4.1%) |
| No. of Sales | 15 (-40.0%) | 25 | 27 (-44.4%) |
| Pending | 28 (+33.3%) | 21 | 27 (+3.7%) |
| Active | 48 (+14.3%) | 42 | 46 (+4.3%) |
| Sale vs. List Price | 103.9% (+1.5%) | 102.4% | 100.4% (+3.5%) |
| Days on Market | 23 (-28.0%) | 32 | 45 (-48.8%) |
| Days of Inventory | 93 (+84.1%) | 50 | 49 (+87.8%) |
Further below you’ll find similar charts for houses in the Los Gatos Mountains and also condos and townhomes “in town”.
Los Gatos real estate market statistics: multi year data by month
Here is some Los Gatos real estate market data that I pulled directly from the MLS today.
Inventory of available homes for sale in Los Gatos 95030 and Los Gatos 95032
A quick glance at the last few years suggests that this inventory remains a little low.
Numbers of homes sold
Sales came up a little, but are still a little low.
Months of Inventory
The months of inventory is taken from the rate of sales by the rate of listings. This is a pretty good clip and underscores that it’s competitive for buyers in Los Gatos right now.
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.
The average sale prices are down annually and monthly. (Last month both were up – they are jiggling up and down.)
Median Sale Price – up annually
It is up both monthly and annually.
RE REPORT: Additional Los Gatos Real Estate Statistics at a glance for 95030 & 95032
The RE Report has some info on the Los Gatos Mountains, but I do not believe it covers all of what we would have as 95033 or MLS “area 23”. You can see the mountains market summary here, but please click the link above to see the whole report:
LG Mountains Trends at a Glance
The median and average sale prices are both up year over year and month over month by this set of data. Please keep in mind that with just 7 sales, this may not be reliable info and for valuation on any given home, and it will be imperative to check the nearby sold properties and their values.
This report has not yet been updated – we’ll edit this post when we can add the October data.
| Trends At a Glance | Sep 2023 | Previous Month | Year-over-Year |
|---|---|---|---|
| Median Price | $1,500,000 (+13.0%) | $1,327,500 | $1,450,000 (+3.4%) |
| Average Price | $1,539,290 (+11.6%) | $1,379,640 | $1,387,500 (+10.9%) |
| No. of Sales | 7 (-30.0%) | 10 | 4 (+75.0%) |
| Pending | 10 (+25.0%) | 8 | 11 (-9.1%) |
| Active | 53 (+12.8%) | 47 | 26 (+103.8%) |
| Sale vs. List Price | 101.2% (+2.5%) | 98.7% | 96.0% (+5.5%) |
| Days on Market | 26 (-19.6%) | 33 | 34 (-22.5%) |
| Days of Inventory | 220 (+55.7%) | 141 | 189 (+16.5%) |
Los Gatos Condo Market Trends at a Glance
Los Gatos Condos are selling well, but the market is not as hot as it was a month ago. First time home buyers are really feeling the higher interest rates.
| Trends At a Glance | Oct 2023 | Previous Month | Year-over-Year |
|---|---|---|---|
| Median Price | $1,695,000 (-0.3%) | $1,700,000 | $900,000 (+88.3%) |
| Average Price | $1,539,920 (+4.0%) | $1,481,000 | $992,775 (+55.1%) |
| No. of Sales | 12 (+140.0%) | 5 | 4 (+200.0%) |
| Pending | 3 (-62.5%) | 8 | 9 (-66.7%) |
| Active | 17 (0.0%) | 17 | 17 (0.0%) |
| Sale vs. List Price | 100.7% (-4.2%) | 105.0% | 97.4% (+3.3%) |
| Days on Market | 25 (+75.6%) | 14 | 38 (-34.9%) |
| Days of Inventory | 43 (-56.9%) | 99 | 128 (-66.7%) |
And the month before:
| Trends At a Glance | Sep 2023 | Previous Month | Year-over-Year |
|---|---|---|---|
| Median Price | $1,700,000 (+8.3%) | $1,570,000 | $1,292,500 (+31.5%) |
| Average Price | $1,481,000 (+9.3%) | $1,355,050 | $1,195,000 (+23.9%) |
| No. of Sales | 5 (-54.5%) | 11 | 6 (-16.7%) |
| Pending | 8 (+60.0%) | 5 | 4 (+100.0%) |
| Active | 17 (0.0%) | 17 | 20 (-15.0%) |
| Sale vs. List Price | 105.0% (+1.2%) | 103.8% | 97.6% (+7.6%) |
| Days on Market | 14 (-9.4%) | 15 | 65 (-78.4%) |
| Days of Inventory | 99 (+112.7%) | 46 | 97 (+2.0%) |
Altos Research Profiles of Los Gatos single family homes by zip code
A link is provided to the full weekly report for each zip code. It will bring you to the page for single family homes (houses and duet, or single family attached, homes) in the Los Gatos housing market, but from there you can click on a tab and view the same type of data for condominiums and townhouses if any data exists for them.
Close to downtown – 95030 (read the full weekly report for Los Gatos 95030, which is automatically updated, here):
Live Charts, Updated Weekly
A number to watch in the above chart is “price decreased”. Right now 33% of listings in this zip code are taking price reductions. That’s in the range of normal (even in a hot market, some sellers price their homes unrealistically high).
Primarily East, West, and North Los Gatos (view the Altos Research report for Los Gatos 95032 HERE):
Far fewer homes in 95032 are taking price reductions right now. The market action index is also rising in 95032, while it’s declining in 95030. I suspect it’s that prices are more in budget in 95032, so there are more buyers able to compete in those price points.
The Los Gatos Mountains / Santa Cruz Mountains – 95033 (see the full 95033 weekly report here, no condo or TH in these areas) – many more homes have had list price cuts:
The Mountain market is usually cooler than the valley floor, but also more affordable, generally.
All 3 Zip Codes combined
Overall, Los Gatos is in a warm seller’s market with extremely high demand and some cooling. Inventory is rising, finally. The days on market are skewed because some homes are on the market for over a year (super expensive houses can take a long time to sell).
Altos Research Housing Market Charts by Pricing Quartile
Now a graph of the Median Price trends for 95030:
And 95032:
And 95033 (The Los Gatos Mountains)
The Mountain market has the greatest range of pricing by far, but the Median Price is well under either 95032 or 95030.
Getting to Know Your Los Gatos Real Estate Market
Finally, it should be noted that “the Los Gatos real estate market” is really a compilation of several smaller markets. It’s quite different in the over $3 or $3.5 million range versus the under $1.8 million range (if you can locate a house under 1.8 dollars). It’s also varied from one school district to the next and often one subdivision or neighborhood to the next. The Glenridge market is going to be quite distinct from the Alta Vista or Rinconada Hills market.
Occasionally we will do other market analysis, like our article on Los Gatos real estate market trends by price point and high school district. Check it out!
Lastly, if you like this information and find it valuable, please consider reaching out to us when it’s time for you to buy or sell a home in Los Gatos or anywhere in Santa Clara County. We would love to hear from you!
