A $400,000 single-family listing appeared in Los Gatos — where the median sale is $2.4 million
One new listing, no closings, no pendings
One property appeared on the MLS feed on October 11 in Los Gatos: 700 Laurel View Road, a single-family home listed at $400,000. Nothing closed and nothing went pending that day.
The $400,000 ask draws attention not because it is high — it is not — but because it is low. Over the last 180 days, the lowest recorded sale price among the 206 Los Gatos transactions tracked here was $355,000. The new listing lands just $45,000 above that floor.
| Field | Detail |
|---|---|
| Address | 700 Laurel View Road |
| MLS | ML82064276 |
| Type | Single Family |
| List price | $400,000 |
| Appeared on MLS | October 11, 2026 |
How it compares with homes like it
Peer context for this daily roundup is not available in the usual form — there is no single subject property with a fixed size and bedroom count to anchor a like-for-like comparison. What the record does show is where $400,000 sits relative to recent Los Gatos single-family sales.
Of the six most recent sales in the market data, the least expensive was 546 Pine Wood Lane, which closed September 15 at $1,140,000 — nearly three times the new listing's ask. The next closest was 23914 Summit Road, also at $1,530,000. Every other recent sale topped $1.7 million.
Without square footage or bedroom count for 700 Laurel View Road in the feed data, a full per-square-foot comparison is not possible. The price alone is the available signal.
Comparable sales
These are the six most recent recorded single-family sales in Los Gatos from the market data. They are included to give the $400,000 listing its proper context, not as direct comps to an unverified listing.
| Address | Recorded | Price | Sq ft | $/sq ft | Distance |
|---|---|---|---|---|---|
| 185 Howes Drive | Sep 16, 2026 | $1,760,000 | 1,088 | $1,618 | — |
| 16359 Shady View Lane | Sep 16, 2026 | $2,800,000 | 1,285 | $2,179 | — |
| 23914 Summit Rd | Sep 15, 2026 | $1,530,000 | 2,040 | $750 | — |
| 546 Pine Wood Lane | Sep 15, 2026 | $1,140,000 | 1,520 | $750 | — |
| 16381 Roseleaf Court | Sep 14, 2026 | $3,200,000 | 2,049 | $1,562 | — |
| 104 Edelen Avenue | Sep 10, 2026 | $1,875,000 | 2,000 | $938 | — |
Among these six sales, the median price is roughly $1,817,500 and the median price per square foot is approximately $1,280. The new listing at $400,000 does not overlap with any of them on price.
Single-family homes across Los Gatos
The 206 sales recorded across Los Gatos in the last 180 days ran from $355,000 to $7,800,000. The median sale price over that window was $2,412,500, with a median of 2,130 square feet and a median price per square foot of $1,162. The median lot size was 10,388 square feet.
A $400,000 single-family listing is not a routine occurrence in this market. Whether the price reflects lot-only status, a property with significant condition issues, a partial-interest sale, or another factor not captured in the feed, the record does not say.
How the Los Gatos market is doing
These figures cover all property types. Over the last 180 days, 206 sales closed in Los Gatos at a median price of $2,412,500 and a median of $1,162 per square foot. In the same 180-day window one year earlier, 276 sales closed at a median of $2,394,000. Volume is down about 25 percent year over year; the median price is up roughly one percent. The market is moving slower by transaction count, but the price level has held nearly flat.
Tim McMullen · CA DRE #02016832
[email protected] · (415) 691-9272
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