ZIP 94024, Los Altos Housing Market · 2026

Data through May 2026 · Part of the Los Altos housing market

ZIP 94024, Los Altos Market Snapshot

ZIP 94024 is one of the most competitive markets in the Bay Area, and it's still heating up. Here's what you need to know:

Based on 70 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
$4.50M
Down 0.6% from May 2025
Down $25K from May 2025
Homes Sold
70
Sold in the most recent month. More sales = more reliable data.
Your CostWhat would you actually pay each month?
Monthly Payment
~$27,632/mo
6.49% · 30yr fixed · 20% down
Payment Breakdown
  • Principal & Interest$22,756
  • Property Tax$4,693
  • Insurance$183
CompetitionHow competitive is it right now?
Days on Market
10 days
· Same as May 2025
Homes sell in a week or two
Sale-to-List Ratio
106.8%
Up from 105.0% in May 2025
Selling 7% above asking
% Sold Over Asking
61%
More than half of homes sold above their asking price
Active Listings
20
Down 28.6% from May 2025
About 0.3 months of supply. Very low, limited options for buyers

Market Trends

See how prices, monthly costs, and mortgage rates have moved in 94024, Los Altos.

Median Sale Price
Down 0.6% year-over-year in 94024, Los Altos. Based on 70 sales in the most recent month.
Homes Sold
8% more homes sold than a year ago in 94024, Los Altos.
Total Monthly Payment
Estimated monthly cost is down 4% from a year ago in 94024, Los Altos, 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 ZIP 94024

Is now a good time to buy in ZIP 94024?

ZIP 94024 is one of the most competitive markets in the Bay Area. Buyers should expect to offer above asking price, be prepared to waive contingencies, and act fast. Coming in with strong financing and a clear strategy is essential.

How do ZIP 94024 home prices compare to the Bay Area average?

At $4.50M, ZIP 94024's median sits about 143% above the Bay Area average of $1.85M. ZIP 94024 is on the higher end of the regional market.

This is close to the Los Altos city-wide median of $4.20M.

How competitive is ZIP 94024 for buyers?

ZIP 94024 is one of the Bay Area's more competitive markets:

  • Homes sell about 7% above asking on average
  • 61% close above list price
  • 10 days typical time to go pending

Buyer strategy: budget 5 to 10% above ask on well-priced listings, with financing pre-approved and offers ready to move quickly.

What will my total monthly cost be on a median-priced ZIP 94024 home?

At $4.50M with 20% down at 6.49%, your estimated total monthly cost is approximately $27,632:

  • $22,756 principal and interest
  • $4,693 property tax (California 1.25% effective rate)
  • $183 homeowners insurance

HOA fees are extra.

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.”
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