Los Altos, CA 94024 Real Estate Market Report

ZIP Code: 94024
Report Date: April 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The real estate market in Los Altos continues to demonstrate strong performance, with the median sold price reaching $4,195,000. This reflects a robust market environment, characterized by significant price appreciation and a competitive atmosphere. The neighborhood has increased 15% since 2023, indicating a solid upward trend in property values.

Despite the elevated median listing price of $4,500,000, which suggests seller expectations remain high, the median days on market stands at 281 days, indicating slower sales velocity. This extended time frame may suggest a degree of pricing friction, as buyers navigate affordability challenges amidst a backdrop of elevated interest rate pressure. Overall, the market appears to be hot, fueled by strong demand in key sectors, although transaction volume remains moderate due to constrained supply conditions.

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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.

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Market Metrics

Note: 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.

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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.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Los Altos are approximately 6.5% compared to an average of 5.3% in early 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $4,195,000 reflects a strong market performance with significant appreciation.

2. With a median days on market of 281 days, the market is experiencing slower sales velocity, indicating potential pricing friction.

3. The median market rent of $5,870 suggests ongoing demand for rental properties, contributing to the overall market strength.

4. The median price per square foot stands at $1,739.488, indicating high value in the luxury segment of the market.

5. Current interest rate pressure is elevated, which may impact buyer affordability and overall market dynamics.

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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.