Two single-family homes, $1.6 million apart, both hit Los Gatos MLS on the same day
Three properties appeared on the MLS feed on October 1 in Los Gatos. Nothing closed. Nothing went pending. That is the full picture for the day.
The widest price gap of the three is the story worth reading. At one end: 21601 Norman Drive, a single-family home listed at $599,000. At the other: 200 Carlester Drive, also a single-family home, at $2,198,000 — a $1.6 million spread between two properties of the same stated type, in the same city, on the same day.
October 1 listings at a glance
| Address | Type | List price |
|---|---|---|
| 200 Carlester Drive | Single Family | $2,198,000 |
| 101 Milmar Way | Townhouse | $1,495,000 |
| 21601 Norman Drive | Single Family | $599,000 |
How they compare with homes like them
Because this is a daily roundup rather than a single-property report, there is no dedicated peer-sale analysis for each address. What the recent sales record shows is relevant context. Among the six most recent recorded closings in Los Gatos (all confirmed by MLS status change in September 2026), single-family prices ranged from $1,530,000 for a 2,040-square-foot home on Summit Road to $3,200,000 for a 2,049-square-foot home on Roseleaf Court. That $750-per-square-foot close on Summit Road and the $1,562-per-square-foot close on Roseleaf Court, both in similar square footage, illustrate how lot size, location within the city, and other factors drive a wide spread even within the single-family category.
The $599,000 ask at 21601 Norman Drive sits well below every recorded closing in that recent sample. Without square footage and lot data for the new listings, a precise per-foot comparison is not possible from the MLS feed data available today.
The townhouse at 101 Milmar Way at $1,495,000 can be compared with 546 Pine Wood Lane, a 1,520-square-foot, 3-bedroom property that closed at $1,140,000 on September 15 at $750 per square foot — though Pine Wood Lane's type may differ.
Comparable sales (recent Los Gatos closings)
| Address | Recorded | Price | Sq ft | $/sq ft |
|---|---|---|---|---|
| 185 Howes Drive | Sept 16, 2026 | $1,760,000 | 1,088 | $1,618 |
| 16359 Shady View Lane | Sept 16, 2026 | $2,800,000 | 1,285 | $2,179 |
| 23914 Summit Rd | Sept 15, 2026 | $1,530,000 | 2,040 | $750 |
| 546 Pine Wood Lane | Sept 15, 2026 | $1,140,000 | 1,520 | $750 |
| 16381 Roseleaf Court | Sept 14, 2026 | $3,200,000 | 2,049 | $1,562 |
| 104 Edelen Avenue | Sept 10, 2026 | $1,875,000 | 2,000 | $938 |
Six closings across the two weeks ending September 16. Per-square-foot figures range from $750 to $2,179 — a reminder that "Los Gatos" covers substantial geographic and product variation.
Single-family homes and townhomes across Los Gatos
The city's MLS feed does not publish a separate type-specific median for this roundup. What the record shows: in the last 180 days, the median sold price across all 223 recorded sales in Los Gatos was $2,380,000, at a median of $1,160 per square foot. The $599,000 list price at Norman Drive is well outside that band and warrants a close read of its lot, condition, and any encumbrances before drawing conclusions about the gap.
How the Los Gatos market is doing
All property types, last 180 days: 223 sales, median price $2,380,000, median $1,160 per square foot, median size 2,129 square feet. The same 180-day window one year earlier showed 284 sales at a median of $2,362,500 — 61 fewer transactions and a median price roughly $17,500 lower than today. Volume is down year over year; the median price is up modestly. The current range runs from $355,000 to $7,800,000 across all types.
Tim McMullen · CA DRE #02016832
[email protected] · (415) 691-9272
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