Los Altos Housing Market Report – May 2026
Here's a look at how the Los Altos, CA real estate market performed in May 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 40
- Median Sale Price: $4,240,000
- Average Sale Price: $4,651,253
- Average Price Per Sq Ft: $1,922
- Average Days on Market: 44
- Sale-to-List Price Ratio: 106.1%
Month-Over-Month Trends
Compared to April, the median sale price in Los Altos moved 11.2% down (from $4,772,900 to $4,240,000). The number of homes sold was 13.0% down compared to the prior month (46 vs. 40). Average days on market shifted 18.9% up (37 days to 44 days).
Year-Over-Year Comparison
Compared to May 2025, the median sale price is 2.5% down (from $4,350,000 to $4,240,000). Sales volume is 14.3% up year-over-year.
What This Means
Los Altos remains a seller's market, but the momentum is cooling noticeably. May saw a pullback with the median price dropping 11.2% month-over-month to $4.24 million, though year-over-year we're still holding relatively steady at down just 2.5%. What's telling is that homes are sitting longer—now averaging 44 days on market compared to 37 days in April. Despite this slowdown, homes are still selling above asking at a 106.1% ratio, suggesting there's still genuine demand in the ultra-luxury segment, but perhaps not the frenzy we saw earlier in the spring.
The uptick in days on market paired with fewer sales (down 13% month-over-month) hints that the market is reaching some equilibrium after months of frenzied activity. With 62 active listings now on the market—a meaningful inventory level for Los Altos—buyers have more options and less pressure to jump on offers. Higher mortgage rates and broader economic uncertainty likely played a role in this May slowdown. The $1,922 per square foot price point remains steep, but it's becoming slightly more realistic as seller expectations gradually adjust to buyer hesitation.
Los Altos Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 94022 | 20 | $4,560,000 | $1,907 | 51 |
| 94024 | 20 | $4,240,000 | $1,937 | 37 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 35 | $4,510,000 | $2,015 |
| CONDOS | 3 | $1,150,000 | $1,006 |
| LAND | 1 | $4,250,000 | N/A |
| TOWNHOMES | 1 | $2,352,100 | $1,383 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $500K - $749K | 1 |
| $750K+ | 39 |
Current Active Listings
As of this report, there are 62 active listings in Los Altos with a median asking price of $3,574,000 and an average of 61 days on market.
Thinking About Selling Your Los Altos Home?
If you're a homeowner in Los Altos considering selling, you have options. While the traditional market is one route, selling directly for cash can save you time, commissions, and the hassle of repairs and showings. We buy houses in Los Altos and throughout Santa Clara County — get a no-obligation cash offer today.