Altos Market Data for Realtors

Menlo Park, CA

Single-Family Homes

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Menlo Park, CA

Tue Mar 19 2024
This week the median list price for Menlo Park, CA is $4,595,000 with the market action index hovering around 51. This is about the same as last month's market action index of 51. Inventory has decreased to 30. Click here to stay informed with the Menlo Park market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Menlo Park, CA

Tue Mar 19 2024
This week the median list price for Menlo Park, CA is $4,595,000 with the market action index hovering around 51. This is about the same as last month's market action index of 51. Inventory has decreased to 30. Click here to stay informed with the Menlo Park market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Menlo Park market.
Median List Price $4,595,000
Median Price of New Listings $4,442,000
Per Square Foot $1,668
Average Days on Market 84
Median Days on Market 25
Price Decreased 17%
Price Increased 0%
Relisted 3%
Inventory 30
Median Rent
Market Action 51
Strong Seller's Market

Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$7,195,000 3,564 0.25 - 0.5 acre 5 4.5 13 1 2 63
$4,900,000 2,729 4,500 - 6,500 sqft 4 4.5 2 2 0 14
$3,998,950 2,907 6,500 - 8,000 sqft 5 4.5 2 1 1 31
$1,994,000 1,638 4,500 - 6,500 sqft 3 2.3 74 2 4 10