Los Gatos, CA 95032 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

Market Trends & Context

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

Key Findings

1. The primary indicator of market value and recent transaction activity is the median sold price, $2,994,500, which should be treated as the most reliable measure of realized market value in current comps; representative recent sale signals guide pricing and negotiation anchors.
2. There is a pricing gap between the median listing price and the median sold price — median listing price: $3,088,000 versus the median sold price — which, combined with a year-over-year price trend that is down, suggests seller expectations remain elevated relative to final transaction prices and may require concessioning to close deals.
3. Market velocity is slower than typical for a high-demand market: median days on market: 276 indicates extended marketing time, which may reflect pricing friction or selective buyer behavior even though the broader market temperature is hot.
4. Rental demand is strengthening alongside moderate interest-rate pressure: median market rent: $3,300 and rent year-over-year trend is up, while current mortgage conditions — including a 30-year fixed rate of 6.64% and moderate interest rate pressure — suggest financing costs remain a constraint for some buyers, supporting relative demand for rentals.

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.