RECAP OF 1ST HALF 2025
NUMBER OF SALES
There were 140 sales of single-family homes reported through the Multiple Listing Service in the 1st half. This compares to 123 sales in the 1st half of 2024, and 97 sales in the first half of 2023. After years of declining inventory, the number of homes available for sale has increased, resulting in more sales.
In addition to the 140 single-family home sales, there were 37 condo/townhome sales. If you would like further details on condo/townhome sales this year, which are not included in this report, I would be happy to provide them to you.
PRICES
Prices reached record highs – again. The average increased 13% to $5,305,648. The median price increased 16% in the 1st half to $5.1 million, the first time reaching the $5 million level. In both North and South Los Altos, both the average and median prices exceeded $5 million. Contributing to this were 3 sales between $11.5 million and $12 million.
In the 1st half, there were 40 sales, or 29%, for more than $6 million; only one home sold for less than $2 million. 99 of the 140 sales, or 71%, sold for more than list price, a far higher percentage than last year. The price per square foot in the 1st half was $1,920 – a new record high.
LENGTH OF TIME TO SELL
Strong demand was evidenced by how quickly homes sold. 76% sold in 2 weeks or less and 38% sold in one week or less. Only 8% took longer than 30 days to sell.
OUTLOOK
As I reported to you in my 1st Quarter Report (find it at DavidTroyer.com/lareport), the market growth this year has exceeded my expectations. The 2nd quarter began with uncertainty in the financial markets due to global trade policy shifts. While some uncertainty remains, the stock market has since rebounded to new highs – a positive indicator for the real estate market, especially in our area. Based on the incredibly strong demand we have seen so far this year, I now expect the next several months to continue at this accelerated pace. Given the strong demand and limited inventory, my outlook remains especially favorable for sellers in Los Altos.
Los Altos continues to be one of the most desirable places to live in the Bay Area. The presence of excellent schools, a vibrant downtown area, and its convenient location make it a smart investment for buyers, which is why property prices remain high.
With just 19 homes actively for sale (and another 7 homes being privately marketed), now is an opportune time to list your home for sale with The Troyer Group. Our team has a proven track record of helping sellers prepare their homes for sale quickly and effectively, and we are committed to getting you your price or more. Please do not hesitate to contact us. You have nothing to lose.
PRICES
Prices reached record highs – again. The average increased 13% to $5,305,648. The median price increased 16% in the 1st half to $5.1 million, the first time reaching the $5 million level. In both North and South Los Altos, both the average and median prices exceeded $5 million. Contributing to this were 3 sales between $11.5 million and $12 million.
In the 1st half, there were 40 sales, or 29%, for more than $6 million; only one home sold for less than $2 million. 99 of the 140 sales, or 71%, sold for more than list price, a far higher percentage than last year. The price per square foot in the 1st half was $1,920 – a new record high.
LENGTH OF TIME TO SELL
Strong demand was evidenced by how quickly homes sold. 76% sold in 2 weeks or less and 38% sold in one week or less. Only 8% took longer than 30 days to sell.
OUTLOOK
As I reported to you in my 1st Quarter Report (find it at DavidTroyer.com/lareport), the market growth this year has exceeded my expectations. The 2nd quarter began with uncertainty in the financial markets due to global trade policy shifts. While some uncertainty remains, the stock market has since rebounded to new highs – a positive indicator for the real estate market, especially in our area. Based on the incredibly strong demand we have seen so far this year, I now expect the next several months to continue at this accelerated pace. Given the strong demand and limited inventory, my outlook remains especially favorable for sellers in Los Altos.
Los Altos continues to be one of the most desirable places to live in the Bay Area. The presence of excellent schools, a vibrant downtown area, and its convenient location make it a smart investment for buyers, which is why property prices remain high.
With just 19 homes actively for sale (and another 7 homes being privately marketed), now is an opportune time to list your home for sale with The Troyer Group. Our team has a proven track record of helping sellers prepare their homes for sale quickly and effectively, and we are committed to getting you your price or more. Please do not hesitate to contact us. You have nothing to lose.
Rollover or click map to see more information for each area.
Rollover or click map to see more information for each area.
The average price in the 1st quarter was $6,321,206 and $5,637,125 in the 2nd quarter resulting in a 1st half average price of $5,895,559, which was 23% higher than the same period last year. There were 19 sales for more than $6 million and 4 sales for more than $8 million.
There were just 17 sales in the 1st quarter and 28 sales in the 2nd quarter. This low number was due to the few number of homes for sale.
A significant 76% of the homes in the 1st half sold for more than list price and another 13% sold at list price. The average price per square foot in North Los Altos in the 1st half was a new record at $2,062. This is 5% higher than it was in the 1st half of 2024.
There were 16 sales, compared to just 8 sales in the 1st half of 2024. Of the 16 sales, 10 were for more than list price, indicating a high level of demand. The average price, at $4,640,250, was down 2% and the median price was down 10% compared to last year and falling below $4 million. While not a record high for the area, there was one sale for $8.6 million that sold for 12% over list price.
Of the 16 sales, 9 sold in 9 days or less, another clear indication of demand. Only one home sold for less than $3 million. The average price per square foot was $1,743 – a 3% increase compared to last year.
There were just 3 sales in the 1st quarter and then 11 sales in the 2nd quarter. The total of 14 sales compares to 12 sales in the 1st half of 2024. No homes sold for less than $3 million. The average price, at $4,068,864, was down 7% from 2024 and the median price at $4,010,500 was down 3%. Only 10 years ago, the average and median price were less than $2 million.
Of the 14 sales, 8 were for more than list price. Only 2 homes took longer than 3 weeks to sell.
The average price per square foot in the 1st half was $1,771,which was a record high and 5% higher than it was last year.
Sales increased to 65 in the 1st half of 2025 from 56 in the 1st half of 2024. There were just 19 sales in the 1st quarter and then 46 sales in the 2nd quarter. Prices reached dramatic new highs exceeding $5 million for the first time.
Of the 65 sales, 47, or 72%, sold over list price. Another clear indication of demand was how quickly homes sold – 82% sold in 2 weeks or less. There were 2 sales for more than $11 million and no sales for less than $3 million.
Price per square foot in the 1st half was $1,897, which was a new record high.