Los Gatos Housing Market · 2026

Data through May 2026

Los Gatos Market Snapshot

Los Gatos is a balanced market, but competition has been picking up. Here's where things stand:

Based on 41 homes sold in May 2026. Includes all residential types (SFH, condo, townhouse, multi-family, and others). Updated weekly.

Data through May 2026

SalesWhat are homes selling for?
Median Sale Price
$3.12M
Up 15.6% from May 2025
Up $420K from May 2025
Homes Sold
41
Sold in the most recent month. More sales = more reliable data.
Your CostWhat would you actually pay each month?
Monthly Payment
~$19,193/mo
6.49% · 30yr fixed · 20% down
Payment Breakdown
  • Principal & Interest$15,760
  • Property Tax$3,250
  • Insurance$183
CompetitionHow competitive is it right now?
Days on Market
24 days
1 more day than in May 2025
Homes typically sell within a month
Sale-to-List Ratio
101.2%
Up from 100.2% in May 2025
Selling at or near asking price
% Sold Over Asking
46%
46% of homes sold above asking, some competition
Active Listings
63
Down 7.4% from May 2025
About 1.5 months of supply. Very low, limited options for buyers

Market Trends

See how prices, monthly costs, and mortgage rates have moved in Los Gatos.

Median Sale Price
Up 15.6% year-over-year in Los Gatos. Based on 41 sales in the most recent month.
Homes Sold
15% fewer homes sold than a year ago in Los Gatos.
Total Monthly Payment
Estimated monthly cost is up 12% from a year ago in Los Gatos, reflecting changes in both price and mortgage rates.

Includes principal, interest, estimated CA property tax (~1.25%), and estimated insurance (~$2,200/yr). HOA fees not included.

30-Year Fixed Mortgage Rate (National Avg.)
National average currently at 6.49%. Your actual rate depends on your credit, down payment, and loan type.

Frequently asked questions about Los Gatos

Is now a good time to buy in Los Gatos?

Los Gatos is balanced but competition is picking up. It remains a reasonable environment for buyers, though acting decisively on well-priced homes is becoming more important.

How do Los Gatos home prices compare to the Bay Area average?

At $3.12M, Los Gatos's median sits about 68% above the Bay Area average of $1.85M. Los Gatos is on the higher end of the regional market.

By home type:

  • Single-family homes at $3.55M
  • Townhomes at $1.47M
  • Condos at $530K
What price range should I budget for in Los Gatos?

Prices in Los Gatos depend heavily on home type and specific neighborhood. Median sale prices by type:

  • Single-family homes at $3.55M
  • Townhomes at $1.47M
  • Condos at $530K

Individual listings vary widely based on location, size, and condition. The best calibration is to narrow to a few specific neighborhoods you are considering and look at recent sales there.

How competitive is Los Gatos for buyers?

Los Gatos is a balanced market where neither side dominates:

  • Homes sell about 1% above asking on average
  • 46% close above list price
  • 24 days typical time to go pending
  • 30% of listings have had a price reduction

Buyer strategy: contingencies are more accepted, and there is time to tour and negotiate without extreme pressure.

What will my total monthly cost be on a median-priced Los Gatos home?

At $3.12M with 20% down at 6.49%, your estimated total monthly cost is approximately $19,193:

  • $15,760 principal and interest
  • $3,250 property tax (California 1.25% effective rate)
  • $183 homeowners insurance

HOA fees are extra. Condo buyers typically budget an additional $300 to $700 per month for HOA, and townhome HOAs run $200 to $500.

No noise, just a quick weekly read on what's going on in your market.

Melanie Tan
Melanie Tan
DRE #02250755
“I help Bay Area buyers and sellers make confident moves with the latest market data, real local expertise, and the patience to find what's actually right for you, not the fastest close.”
See all reviews on Zillow

Let's Chat!

I read every message and usually reply the same day.

What brings you here?