Is Los Gatos, CA 95033 a buyer’s or seller’s market?

The Los Gatos housing market right now

In the three months ending August 31, 2026, 12% of homes in Los Gatos, CA 95033 sold above their list price, the typical home went under contract in 59 days and there were 6 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 34 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 9%, homes sold more slowly (44 days then) and the median sale price rose 10% to $1,499,351. Overall, Los Gatos is about as competitive as it was a year ago.

Within Santa Cruz County, homes here sell more slowly than in 92% of the county’s ZIP codes, and sell less often over asking than in 92%. On our competition score, Los Gatos ranks #1,010 of 1,069 CA ZIP codes with enough sales (score 21 out of 100).

Nearby, buyers who want less competition could look at Freedom 95019 (0% sold over asking), while Santa Cruz 95065 (47% sold over asking) and Felton 95018 (46% sold over asking) are even more competitive.