Los Gatos Housing Market Report – May 2026
Here's a look at how the Los Gatos, CA real estate market performed in May 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 66
- Median Sale Price: $2,460,000
- Average Sale Price: $2,781,980
- Average Price Per Sq Ft: $1,248
- Average Days on Market: 50
- Sale-to-List Price Ratio: 101.4%
Month-Over-Month Trends
Compared to April, the median sale price in Los Gatos moved 16.4% up (from $2,112,500 to $2,460,000). The number of homes sold was 22.2% up compared to the prior month (54 vs. 66). Average days on market shifted 2.0% up (49 days to 50 days).
Year-Over-Year Comparison
Compared to May 2025, the median sale price is 3.8% up (from $2,369,000 to $2,460,000). Sales volume is 0.0% down year-over-year.
What This Means
Los Gatos continues to demonstrate strength in May 2026, with home prices climbing notably from the previous month. The median sale price jumped 16.4 percent to $2.46 million, marking the sharpest month-over-month gain in recent months. While year-over-year growth is more modest at 3.8 percent, the momentum suggests the luxury market here is responding positively to seasonal demand. Spring and early summer typically bring motivated buyers to Silicon Valley's most desirable neighborhoods, and Los Gatos is no exception. Homes are selling above asking price on average, with a sale-to-list ratio of 101.4 percent, indicating genuine buyer competition despite the ultra-premium price point.
What's particularly telling is the stability in market velocity. Homes are moving slightly faster than last month, with an average of 50 days on market—essentially unchanged from April. This suggests buyers remain engaged even at these elevated price levels, though the 125-day average for active listings shows less urgency among sellers currently asking prices. The inventory situation remains comfortable at 203 active listings, providing reasonable selection for serious buyers while keeping pressure on prices. For sellers, conditions remain favorable, but those testing the market with aggressive pricing may face longer holding periods.
Los Gatos Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 95032 | 42 | $2,587,435 | $1,303 | 43 |
| 95030 | 13 | $4,000,000 | $1,498 | 60 |
| 95033 | 11 | $1,600,000 | $719 | 62 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 51 | $3,120,000 | $1,321 |
| TOWNHOMES | 7 | $1,465,000 | $1,043 |
| CONDOS | 3 | $530,000 | $726 |
| LAND | 3 | $1,850,000 | N/A |
| CONDO | 1 | $2,280,000 | $1,035 |
| MULTI_FAMILY | 1 | $3,968,500 | $706 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $300K - $399K | 1 |
| $400K - $499K | 1 |
| $500K - $749K | 2 |
| $750K+ | 62 |
Current Active Listings
As of this report, there are 203 active listings in Los Gatos with a median asking price of $1,849,000 and an average of 125 days on market.
Thinking About Selling Your Los Gatos Home?
If you're a homeowner in Los Gatos 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 Gatos and throughout Santa Clara County — get a no-obligation cash offer today.