What kind of a home can you buy in Los Gatos for $1.25 million?

How far does your money go in Los Gatos when it comes to buying a home? As always, location is the biggest factor – and within that arena, schools are often a driving factor on pricing.  Today we’ll look at real estate buying power of 1.25 million by zip code and high school district (95030, 95032, 95033).

For single family homes, the 95030 zip code with Los Gatos schools tends to be the priciest (this is probably at least in part because many home buyers find living near downtown LG to be very desireable). and the Los Gatos Mountains area tends to be the least expensive of the three areas.  As you can see in the chart below, the cost of housing is very much graded by both the zip code and the school district.

What about the Los Gatos condo and townhome option – how much home can 1.25 million buy there?

In the last 90 days, there have been only 15 closings of townhouses and condos combined  in Los Gatos 95030 and 95032 (there are none in the mountains or the 95033 area) and in both high school districts, so that’s pretty scant info to go on.

 95030 & Los Gatos High – just one townhome sold at any price for $960,000 (list price was $949,000 with 1500 SF, 3 bed, 2.5 baths ($568.72 per SF) * Just one sale in here, and not “in range” makes this info less helpful than we’d like it to be.  Normally this area would be more expensive per SF.

95032 & Los Gatos High – just 4 condos and townhomes combined which sold between $1 million and $1.5 million (including a buyer sale of mine): av list price $1,042,667  and average sale price $1,075,667, average square footage 1464 and average price per sf $736.77

95032 & Leigh or Westmont High – 5 sales in the $1 mil – $1.5 million range, av list price $1,108,300 and av sale price $1,162,000.  Average home size 1,657  SF and average price per SF $708.77.

It is possible to get a nice Los Gatos home for under 1.25 million but if you want to live in downtown Los Gatos with the 95030 zip code and Los Gatos High, it will mean getting a small home!  You could get a larger place “in the schools” if you are OK purchasing a townhome.  Or go a little further out to get much more “home for the money” – quite a bit more if you go into the Los Gatos Mountains.

Want to buy a Los Gatos home?  Please contact me and we can set up a time to chat in person, confidentially: 408 204-7673 or email me: mary@popehandy (dot) com

Los Gatos houses for sale between $1,000,000 and $1,500,000

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(all data current as of 6/6/2023)

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

Los Gatos condos and townhomes for sale between $1,000,000 and $1,500,000

See all Real estate matching your search.
(all data current as of 6/6/2023)

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