At $920 per square foot, this 1-bedroom condo at 600 Pennsylvania Avenue ranks ninth out of ten similar listings on the market right now

Among the ten active condos and townhomes of similar size and bedroom count currently listed in the Los Gatos area, 600 Pennsylvania Avenue #5 ranks ninth by asking price at $795,000. That is a useful anchor. The working headline called this one of the cheapest things on the market — and at the 7th percentile of all 178 active listings across the city, it is. But measured against its own kind, it is near the top, not the bottom.

The record

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 — four sales qualify.

The four peer sales produced a median price of $640,000 and a median price per square foot of $677. At $920 per square foot, this listing sits well above both figures. The most direct comparison is the unit next door: 600 Pennsylvania Ave Unit 14, same building, same 864 square feet, one bedroom, recorded a sale in April 2026 at $850,000 — $984 per square foot. That sale is the high end of the four-sale peer range.

Among the ten active competing listings, the median ask is $550,000. Eight of those ten are asking less than this unit. The two that ask more are not in this data set. So the headline framing — cheap relative to the whole Los Gatos market — holds by the broad city percentile. It does not hold when measured against condos and townhomes of similar size: this unit is priced above its peer group's recorded median by $155,000, and sits near the top of current competing inventory.

The likely reasons the overall city percentile is so low: the unit is 864 square feet in a 1962 building with one bedroom, in a market where the typical home sold in the last 180 days runs 2,130 square feet at a median of $2,400,000. The size and bedroom count do the work of placing it in the bottom decile city-wide. Among condos its size, it is not a bargain by recorded sales.

Comparable sales

Four recorded sales, same type, within one bedroom, size within 25%, within 2 miles, last 12 months.

The four sales span $495,000 to $850,000. The in-building comp at $850,000 is the outlier on the high end; the Alberto Way cluster, about a mile south, traded between $495,000 and $655,000.

Condos and townhomes across Los Gatos

There are 29 condos and townhomes actively listed in Los Gatos right now. Over the last 180 days, 51 closed at a median price of $1,450,000 and a median $914 per square foot, based on those 51 sales. The current median ask across those 29 active listings is $1,230,000. This unit's $920 per square foot ask sits almost exactly at the 180-day sold median for the type — it is not discounted relative to the condo and townhome market as a whole.

How the Los Gatos market is doing

Across all property types in Los Gatos, the last 180 days produced 235 sales at a median price of $2,400,000 and a median $1,166 per square foot, with a median size of 2,130 square feet. The same 180-day window a year earlier logged 276 sales at a median of $2,350,000 and $1,139 per square foot. Sales volume is down about 15% year over year; the median price is up about 2%. The full market runs from $296,820 to $7,800,000 across those 235 sales.

For the 691–1,037 square foot size band specifically — the band this unit falls in — 30 sales over the same period produced a median of $800,500 at $923 per square foot.

What it would cost a month

At the list price with the national 30-year average rate of 6.95% as of the week of September 17, 2026, the principal and interest payment would be:

That figure is principal and interest only — it does not include taxes, insurance, or any HOA dues.

Three you could write an offer on today

These three units are not listed for sale. Every home in the Los Gatos 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 to the owner directly; nobody is committed to anything until both parties agree on terms in a signed contract. You can read how an offer works before doing anything else.

• 600 Pennsylvania Ave #14 — 864 sq ft, 1 bed / 1.5 bath, last recorded sale $850,000 in April 2026, same building.
• 600 Pennsylvania Ave Unit 14 — 864 sq ft, 1 bed / 1 bath, built 1962, last recorded sale $850,000 in April 2026, 0.03 miles away.
• 600 Pennsylvania Ave Unit 5 — 864 sq ft, 1 bed / 1 bath, built 1962, last recorded sale $745,000 in December 2020, 0.03 miles away.

Tim McMullen · CA DRE #02016832
[email protected] · (415) 691-9272