If you are planning to sell your home, setting the right price is one of the most important tasks on the path to success. There is a lot more to price than just a number. So first, let’s take a closer look at the pricing process. Is it a fair assumption that you would like to walk away with the highest possible price you can get for your home? Let’s assume yes, but one who thinks they should just ask that price – or maybe higher – is likely mistaken.

The median home sale price in Los Altos rose 4% for the first quarter of this year compared to the same period in 2023. This is good news, but let’s dive deeper into what that really means.

If the first quarter of this year is any indication, spring 2024 is shaping up to be a good time to sell a home in the Los Altos area. The median cost for a single-family home in Los Altos during the past three months was $4,203,225. As of March 25, a total of 35 homes had sold in the new year for an average of 107% of their list price and were under contract in an average of 12 days. We are seeing regular instances of multiple offers in our area, which is an indication of a strong seller’s market.