At $860,000, this 1-bed condo is the priciest of nine similar units now on the market in Los Gatos
Among nine comparable condos and townhomes — one bedroom, similar square footage — listed in Los Gatos right now, 600 Pennsylvania Avenue #1 ranks last by price. It asks $860,000. The median ask across those nine competing units is $550,000.
That framing matters before anything else.
The record
| Address | 600 Pennsylvania Avenue #1, Los Gatos |
|---|---|
| Type | Condominium |
| Beds / Baths | 1 bed / 2 bath |
| Size | 864 sq ft |
| Year built | 1962 |
| List price | $860,000 |
| Price per sq ft | $995 |
| Listed | September 22, 2026 |
| MLS | ML82061993 |
How it compares with homes like it
The peer rule here: same type (condos and townhomes), within one bedroom, size within 25%, sales in the last 12 months, within a 2-mile radius — the nearest radius that produced at least four sales. That search returned exactly four recorded sales, so the sample is thin.
Among those four peers, the median sale price was $640,000 and the median price per square foot was $677. This unit asks $995 per square foot — 47% above that peer median on a per-foot basis.
The closest peer in the record is 600 Pennsylvania Ave Unit 14, a 1-bed, 1-bath unit at the same address and the same 864 square feet. It recorded a sale in April 2026 at $850,000, or $984 per square foot. That is the only peer sale that comes close to this unit's ask, and it carries one fewer bathroom.
Among the nine similar units listed right now, the price range runs from $399,950 to this unit's $860,000. Six of the nine are 2-bedroom units. Of the two other 1-bedroom listings, both ask under $515,000.
Comparable sales
Four recorded sales, condos and townhomes, within one bedroom and 25% of subject size, within 2 miles, last 12 months. All dates are month-only estimates.
| Address | Recorded | Price | Sq ft | $/sq ft | Distance |
|---|---|---|---|---|---|
| 600 Pennsylvania Ave Unit 14 | April 2026 | $850,000 | 864 | $984 | 0.06 mi |
| 449 Alberto Way #132 | April 2026 | $625,000 | 888 | $704 | 1.15 mi |
| 451 Alberto Way Unit D244 | September 2025 | $655,000 | 1,008 | $650 | 1.15 mi |
| 420 Alberto Way Unit 5 | May 2026 | $495,000 | 789 | $627 | 1.15 mi |
The Unit 14 sale at 600 Pennsylvania — same building, same floor plan — is the only peer that sold anywhere near this ask. The three Alberto Way sales, all roughly a mile out, cleared between $495,000 and $655,000.
Condos and townhomes across Los Gatos
There are 28 condos and townhomes actively listed in Los Gatos right now. Over the past 180 days, 51 units sold at a median price of $1,450,000 and a median of $914 per square foot (51 sales). The median ask across current listings is $1,230,000. At $860,000, this unit sits well below both figures — but as the peer comparison above shows, that gap reflects the size and bedroom count, not a discount to true like-for-like competition.
How the Los Gatos market is doing
Across all property types in Los Gatos, 235 sales recorded in the last 180 days at a median price of $2,400,000 and a median of $1,166 per square foot. A year earlier, the same 180-day window produced 278 sales at a median of $2,337,500 — volume is down roughly 15%, prices are up about 2.7%. The market's size band closest to this unit (691–1,037 sq ft, all types) produced 30 sales at a median of $800,500 and $923 per square foot. The full market range over the past six months ran from $296,820 to $7,800,000.
What it would cost a month
At the list price of $860,000, using the national 30-year average rate of 6.95% as of the week of September 17, 2026 (Freddie Mac Primary Mortgage Market Survey), the principal and interest payment on a fully financed loan would be:
Principal and interest only, on the 6.95% average 30-year rate published 2026-09-17 (Freddie Mac). Property taxes, insurance and any homeowners' dues are on top, and your own rate will depend on your lender, credit and deposit.
This is principal and interest only and does not include taxes, insurance, HOA fees, or any other carrying costs.
Three you could write an offer on today
These three units at 600 Pennsylvania Avenue are not listed for sale. They are shown here because every home in this market has a page on this site, and an owner does not have to be listed to receive a written offer — an agent takes the offer directly to the owner, and no one is committed to anything until both parties agree in a signed contract. Read how an offer works.
- 600 Pennsylvania Ave Unit 4 — 1 bed / 1 bath, 864 sq ft, built 1962, last recorded sale $900,000 in July 2021, 0.02 miles away.
- 600 Pennsylvania Ave Unit 8 — 1 bed / 1 bath, 864 sq ft, built 1962, last recorded sale $536,500 in July 2014, 0.02 miles away.
- 600 Pennsylvania Ave Unit 5 — 1 bed / 1 bath, 864 sq ft, built 1962, last recorded sale $745,000 in December 2020, 0.04 miles away.
None of these units is listed, and nothing about this article implies the owners want to sell.
Tim McMullen · Tim McMullen, Broker · CA DRE #02016832
[email protected] · (415) 691-9272
More from Los Gatos
Smoke over the Bay on Wednesday came from a planned burn on Angel Island — what Los Gatos homeowners should know
Fire crews treated 85 more acres of a 260-acre prescribed burn on Angel Island, about 50 miles north of Los Gatos. The smoke was no wildfire, and no more burning is planned this week.
At $545,000, This 935-Square-Foot House Is the Cheapest Single-Family Home Listed in Los Gatos Right Now
Among 11 comparable single-family homes currently listed in Los Gatos, 860 Canyon Vista asks $254,000 less than the next cheapest. The gap is explained by a combination of size, age, and a rural canyon address that sits well outside town.
Two Los Gatos houses closed above asking on September 19, while three more hit the market near $6 million
16912 Kennedy Road traded at $1,764 per square foot — among the higher per-foot figures in recent Los Gatos single-family sales. The same day, two more houses landed near $6 million on the MLS.