The Monte Sereno real estate market

Monte Sereno Stained Glass Click HereThe City of Monte Sereno is a popular community bordering Los Gatos, Saratoga, and the Santa Cruz mountains. It’s also quite small, with just about 3,500 residents, so tracking the real estate market trends for the area can be tricky.

The number of houses sold in any given month will always be extremely small and the data will jump around. Checking the Los Gatos market will also help, but the best pulse on the market will come from particular sales in particular neighborhoods.

Near the bottom, there are a few charts that I pulled from the MLS directly. Be sure to scroll down to see them.

First up for the market analysis is the Altos Research weekly profile for Monte Sereno (uses list prices, not sales). This is updated automatically, so feel free to check this article weekly to see what’s happening now with list prices.

 

 

Below is the Monte Sereno Real Estate Report (click to view the complete Real Estate Report).

Trends at a Glance from the RE Report:

The December chart shows home prices are up and inventory is down. The sale price to list price ratio and the days on market look a little cooler than the month before, but both are still showing a highly competitive market climate.

Trends At a Glance Dec 2021 Previous Month Year-over-Year
Median Price $5,100,000 (+27.5%) $4,000,000 $3,462,500 (+47.3%)
Average Price $5,447,160 (+11.2%) $4,900,330 $3,364,170 (+61.9%)
No. of Sales (+66.7%) 3 (-16.7%)
Pending (-25.0%) 8 (+200.0%)
Active (-66.7%) 6 (-60.0%)
Sale vs. List Price 103.7% (-1.3%) 105.1% 96.6% (+7.3%)
Days on Market 10 (+33.0%) 8 39 (-73.5%)
Days of Inventory 12 (-79.3%) 58 25 (-52.0%)

 

MLS info pulled directly: the charts below all were pulled from MLS Listings.com

What does it cost to live in Monte Sereno? With an average sale price of roughly $4 – $5 million, you may wonder if anything sells that’s not in the stratosphere – can you buy an entry-level Silicon Valley home in Monte Sereno? The short answer is this: it’s not easy to find anything for under $2.5 million in Monte Sereno. It can happen, although it’s rare, and the home will certainly be priced that way for a reason.

 

Monte Sereno - home prices

 

Months of Inventory, or the absorption rate, tells us how long the current inventory would take to sell if sales continued at the same rate and no new inventory came on the market.

 

Monte Sereno Inventory 5yr

 

Inventory of Monte Sereno homes for sale – year over year from 2010 to today (there are blank months, either because no homes were on the market or because they came on and sold within that month):

 

Monte Sereno inventory

 

 

Other pricing consideration: what about schools?

Something else to be aware of is that most Monte Sereno houses are in the Los Gatos Union School District, but a small pocket of properties lies within the Campbell School District. Those with Campbell schools usually sell for a little less. Additionally, most of this city is within the 95030 zip code, but again, there’s a small pocket which is in the 95032 area.

Next, what kind of home is available to purchase in Monte Sereno now?

Click here to view Monte Sereno Homes for Sale

 

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See all Monte Sereno, CA Homes for Sale & Recently Sold.
(all data current as of 1/26/2022)

Listing information deemed reliable but not guaranteed. Read full disclaimer.