Los Altos, CA 94024 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Key Findings

1. The primary indicator of recent market value is the median sold price of 4,204,000, which represents the most reliable signal of transaction-level pricing in the ZIP code and should be prioritized over asking prices when setting comps or advising sellers.
2. There is a pronounced seller/listing expectation gap: the median listing price of 6,399,000 versus the median sold price of 4,204,000 suggests seller expectations exceed recent transaction levels and pricing friction may be present — sellers should consider realistic pricing bands to avoid prolonged exposure.
3. Liquidity appears muted with a median days on market of 265, which indicates slower sales velocity and suggests a need for more aggressive marketing or pricing strategies to accelerate closings; coupled with the sampling note of relatively constrained active supply, this may produce selective competition for well-positioned homes.
4. Broad market context is mixed: year-over-year price trend is down, market temperature is neutral, rent trend is up with a median market rent of 8,495, and interest rate pressure is elevated — prioritize durable value propositions (location, school districts, turnkey condition) when recommending pricing or acquisition timing.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.