Los Gatos Housing Market Report – July 2026
Here's a look at how the Los Gatos, CA real estate market performed in July 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 48
- Median Sale Price: $2,242,500
- Average Sale Price: $2,368,167
- Average Price Per Sq Ft: $1,066
- Average Days on Market: 66
- Sale-to-List Price Ratio: 100.2%
Month-Over-Month Trends
Compared to June, the median sale price in Los Gatos moved 12.7% down (from $2,570,000 to $2,242,500). The number of homes sold was 23.8% down compared to the prior month (63 vs. 48). Average days on market shifted 8.3% down (72 days to 66 days).
Year-Over-Year Comparison
Compared to July 2025, the median sale price is 14.5% up (from $1,959,000 to $2,242,500). Sales volume is 18.6% down year-over-year.
What This Means
Los Gatos is showing mixed signals this July, with price strength tempered by seasonal softness and inventory concerns. The median price of $2.24 million sits up a solid 14.5 percent year-over-year, suggesting the luxury market here has held its ground despite broader economic uncertainty. However, the month-to-month decline of 12.7 percent hints at typical summer seasonality, where buyer traffic naturally dips during peak vacation season. Homes are still selling at a 100.2 percent of asking price, indicating sellers maintain negotiating power, though the average days on market has inched up to 66 days—a sign that even premium properties are taking slightly longer to find their buyers.
The real concern is inventory. With 241 active listings carrying a median ask of $1.79 million and averaging 128 days on the market, we're seeing homes linger longer than the sold inventory. This suggests the market has more supply than it can readily absorb, particularly in the mid-range of that inventory. Combined with the 23.8 percent month-to-month sales decline and 18.6 percent year-over-year drop, it paints a picture of a market that's cooling despite year-ago price appreciation. For sellers, this is a reminder that even in prestigious Los Gatos, the days of swift, over-ask sales appear to be behind us.
Los Gatos Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 95032 | 25 | $2,175,000 | $1,231 | 42 |
| 95033 | 14 | $1,503,000 | $601 | 114 |
| 95030 | 9 | $3,645,000 | $1,296 | 51 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 35 | $2,700,000 | $1,128 |
| CONDOS | 3 | $825,000 | $661 |
| TOWNHOMES | 3 | $1,744,000 | $972 |
| MULTI_FAMILY | 2 | $2,017,500 | $1,256 |
| LAND | 2 | $1,402,500 | $375 |
| CONDO | 2 | $1,211,250 | $884 |
| OTHER | 1 | $767,000 | N/A |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $300K - $399K | 1 |
| $500K - $749K | 3 |
| $750K+ | 44 |
Current Active Listings
As of this report, there are 241 active listings in Los Gatos with a median asking price of $1,789,888 and an average of 128 days on market.
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