May 2026 in Los Gatos: More single-family homes sold, and the median rose with them

# May 2026 in Los Gatos: More single-family homes sold, and the median rose with them

Fifty-six closings. A median sale price of $2,610,500. But before you read anything into that number, you need to know how it got there — because this month, what sold mattered as much as what it sold for.

The numbers

What sold

Single-family homes dominated the month in a way that shapes every headline figure. Forty-six of the 56 closings were detached houses — 82% of the market — ranging from $710,000 to $6,750,000. Their median landed at $3,189,650, with a median of $1,308 per square foot and 16 days on market. That's a deep, active segment with enough volume to read clearly.

Townhouses were a different story. Seven sold, ranging from $1,245,000 to $2,000,000. That's not enough to report a median responsibly, so the range is what you get: the floor was just above $1.2M, the ceiling exactly $2M.

Condominiums: three sales, $495,000 to $2,125,000. A wide spread across a tiny sample. No median here either — just note that the low end of this segment reaches places the rest of Los Gatos doesn't.

What moved the median

This has to be said plainly: the overall median of $2,610,500 is not a clean picture of what prices did in May. The mix shifted enough to move it on its own.

Single-family homes made up 82% of May closings. The previous month, they were 71% — an 11-point jump. When the most expensive segment of any market suddenly accounts for a larger share of everything that closed, the blended median goes up even if not a single home sold for more than it would have the month before. That's what happened here. The overall figure reflects who showed up to the table, not necessarily a change in what any given home is worth.

The segment-level numbers — $3,189,650 for single-family, and whatever the townhouse and condo ranges tell you — are where to look if you want to understand pricing within a type. The overall median is still a fact. It just needs this context to mean anything.

On the competitive front, May split almost evenly: 24 homes sold over list, 26 under, and the median sale-to-list ratio landed exactly at 100%. That's a genuinely balanced result. There was no collective pressure in either direction — some sellers gave ground, some buyers did, and the median held at asking. Sixteen days was the median time to contract, which is enough time for most buyers to get a second look but not so long that anything is sitting.

The one to notice

The month's biggest overbid wasn't on a teardown or an obvious flip target. 16528 Marchmont Drive listed at $2,999,888 and closed at $3,600,000 — 20% over asking, a gap of $600,112. Eight offers? Twelve? The record doesn't say. What it says is that someone — or more likely multiple someones — looked at that list price and decided it wasn't close to what the house was worth to them. A 20% overbid in a month where the median sale-to-list was exactly 100% is not a market trend. It's a specific house, a specific day, a specific competition. But it's also a reminder that "the market" is an average of a lot of very individual decisions, and sometimes one of them is: I'm not losing this one.

On the other end of the spectrum, 14990 Winchester Boulevard came in at $4,000,000 after listing at $4,487,000 — a reduction of nearly $487,000, or 10.9%. And the month's top sale, 115 Glenridge Avenue, closed at $6,750,000 in 8 days on 4,089 square feet. Quick, clean, and at the very top of everything that traded in Los Gatos in May.

Every recorded sale this month

All 56 closings, in order of price. Each address links to its full record.

Source: MLSListings closed sales in Los Gatos, May 2026. 56 closings. Sale prices and closing dates are matters of public record. A summary of recorded sales is not an appraisal and is not an opinion of value on any specific home.

Tim McMullen · DRE #02016832 · How these numbers are put together