How is the Monte Sereno real estate market? Because the city is small, with just about 3,500 residents, there are usually few homes listed for sale or selling, and with small numbers we can get seemingly volatile statistics. This article is updated monthly with new data and analysis, so scroll down to read the latest and check back regularly. Here are a few details from the latest market update:

• With so few sales and listings, Monte Sereno real estate data can appear to swing quite wildly, so take it with a grain of salt.
• This city appears to be in a seller’s market with severely low inventory – just 5 available homes at the end of September. Slim pickings, but equal to this time last year, and up a hair from the last month!
• Closed sales have held stable with last month, and are up a hair from this time last year. With just 3 closed sales it’s still a tiny pool for data analysis. Pending sales grew to 2 by the end of the month, a hair short of this time last year.
• Because there have been so few recent sales, buyers and sellers may need to also look to the nearby Los Gatos market to get an idea about market trends.

There are ALMOST no condominiums or townhomes in Monte Sereno. As of August 2026, the MLS showed just 6 sales in these two categories in total – and that’s going back to 1998! And one of those, at least, may actually be in Los Gatos. One of the major challenges for this city is to ensure that at least some housing units are deemed “affordable.” You can find the city’s housing plan here (an online pdf):  http://www.montesereno.org/DocumentCenter/Home/View/674

Because this is such a small city and there’s a tiny pool of data, please also have a look at the Los Gatos real estate market post on this site. Monte Sereno generally follows Los Gatos trends, so this neighbor city can give you an idea of the bigger picture.

Below is a quick market profile for the Monte Sereno real estate market. This is updated automatically weekly, so please check back often.

Altos Research does weekly reports on the Monte Sereno real estate data, to which we subscribe. You can see the full weekly report for Monte Sereno HERE, and if you’d like to get weekly updates in your inbox can click the subscribe button (you can also navigate to another zip code or city and subscribe to that as well). Here’s the data on home descriptions per price quartile in the report, updated automatically throughout the month:

Stats for recently closed home sales in Monte Sereno

Below are the quick statistics for the closed sales in the last calendar month to give a sense of how things are going with the Monte Sereno realty market. Given that the supply of homes and sales to study is tiny, what can we learn from this data?

Certain trends are still visible. It’s true that an average Monte Sereno house has moved closer to $4 – $5 million over the last couple of years and often higher. A little steep for most folks! Looking back over time and comparing multiple months of data will often give us enough information to see overarching trends like this.

With such a small market area, occasionally we run into problems with the sales data. Some months no closed sales means no data. And when there are sales, it’s often not in the double digits. Having few sales can make the chart swing out of balance quickly, but no sales means we may have to look elsewhere for sales analysis. In this case, all months compared had just a few closed sales. So while we have some data from this market, I strongly recommend also checking the Los Gatos market which follows similar trends to this small community, but on a larger scale which generally supports more reliable data analysis.

Monte Sereno Real Estate Market Trends at a Glance:

Last month the RE Report sales data showed just 3 closed sales, and the month before that there were also 3 closed sales – hardly anything! Because of this, the market data often displays some severe ups and downs with swings that could give you whiplash!

What does that actually tell us? Firstly, it’s unlikely that major data swings correlate with real market-wide shifts and more likely that the few closed sales push the average strongly up or down according to whichever micro-market within Monte Sereno (pricepoint, condition, or otherwise) the sales are in as opposed to market-wide changes. Looking at the MLS for more details can often provide us with additional insight.

Additional Perspective from the MLS

The MLS also shows 3 closings in September (sometimes it has a higher count from off-market sales or MLS from other areas), and there was a fair bit of variety in the sales.

The sales price for these 3 ranged quite a bit – from lowest to highest they were at $4,400,000, at $4,802,000, and at $12,300,000. While the highest sale was made off-market, the other two took just 1 day to sell for 116.6% of asking, and 13 days to sell at 104.4% of asking respectively. The best homes are selling quickly and well over asking, but while the average Days on Market in the chart below shows a spitfire 5 day average, the Days of Inventory (market absorption) shows a far slower 48 days.

Some homes are lingering on the market, taking upwards of 30 days to sell, we just didn’t see any of these homes sell in September. Homes that need more work or have major issues are experiencing different market trends than what we’re seeing in the current data.

With so few sales, it’s no surprise when the market statistics exhibit huge swings! Take these giant swings with a pound of salt, and double check Los Gatos trends for the big picture.

As of today (10/14/2026), the MLS shows there are 0 contingent sales, 1 pending sale, and 2 closed sales so far this month in Monte Sereno, with 9 active listings (3 of which are Member’s Only: Show).

September: 3 Sales

The Monte Sereno housing market remains in high demand. Compared to other parts of the Valley, this city didn’t experience the same dramatic rise and plunge that we saw in neighboring markets in 2022. This small city tends to hold value well, and at a higher price point it doesn’t always show as strong a market change as other parts of the valley. There’s good stability in the Monte Sereno market.

For those considering buying or selling, it’s important to look at the actual listings for each and every sale with similar features, size, amenities to get a sense of the home’s particular subset of the market.

Next, let’s look at the live charts from Altos to see how active listings reflect the market.

More Live Altos Research Charts for the Monte Sereno Real Estate Market

The Monte Sereno real estate market, by price quartile.

Average DOM by price point.

Occasionally a price point will have had little enough activity that the chart makes great leaps when there’s an update. You can often tell where demand is based on how the days on market are arranged:

The extreme shifts in the luxury tier makes it a little hard to read the other price points in the chart above, so here’s a closer look at the average days on market for the other three tiers:

Most of the market is selling quickly, though like other trends in this tiny market it does tend to bounce around quite a bit!

Inventory for all Monte Sereno listings and homes for sale over the last few years. As you can see, it’s slim pickings!

About the City

Monte Sereno is a scenic, upscale residential community of about 4,000 people. It’s located adjacent to the town of Los Gatos and the city of Saratoga, California. There are no business properties in Monte Sereno – just Daves Avenue School, homes, the post office, and the city office building along Highway 9. It is semi-rural.

Some folks mistakenly think that Los Gatos and Monte Sereno have the same real estate market. They are sometimes quite different, particularly as prices are higher in Monte Sereno and about 1/3 of Los Gatos is served by the Campbell or Union School Districts (while only a tiny sliver of MS is in those districts).

More info on this city: Official Monte Sereno city website and Wikipedia article on Monte Sereno

Monte Sereno Real Estate

With very few exceptions, Monte Sereno consists of houses and estates or luxury homes (there are a few townhouses). Most lots are larger, usually at least a quarter acre lot. One neighborhood enjoys a shared stable and horseback riding trails (those homes are on about 1/2 acre lots). This can vary tremendously.

A move-in ready house will not likely be found for less than three million dollars, and will more likely cost more.

The last time a home was sold for less than $1 million dollars in Monte Sereno was in 2012 (according to the MLS), over a decade ago. Even then that was a truly rare occurrence, only for out of the ordinary homes! Out of the 170 sales recorded on the MLS in the years 2020 – 2022 only 6 homes have sold below $2 million in this city (and the lowest was $1.69M)! The last home selling for under $2 million was in March 2021 (per MLS sales data, December 2024). It is not uncommon to spend upwards of $3.5 million when buying a home in this sought after community.

Final note on this area and market influences- while nearly all Monte Sereno properties are within the boundaries of the Los Gatos Union School District and the Los Gatos – Saratoga Joint Union High School District, a small handful has Campbell schools with the Campbell Union High School District. Homes in the latter area will sell for a bit less, so sales there will pull the average and median sales price down a little and not give an accurate impression for most of the city’s real estate market.

Find Homes for Sale in Monte Sereno, California

Please click on this link to view homes for sale in the city of Monte Sereno:

See all Monte Sereno, CA Homes for Sale & Recently Sold.
(all data current as of 10/14/2026)

Listing information deemed reliable but not guaranteed. Read full disclaimer.