Altos Market Data for Realtors

Menlo Park, CA

Single-Family Homes

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Menlo Park, CA

Thu Mar 28 2024
This week the median list price for Menlo Park, CA is $4,442,000 with the market action index hovering around 48. This is less than last month's market action index of 52. Inventory has increased to 40. 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

Thu Mar 28 2024
This week the median list price for Menlo Park, CA is $4,442,000 with the market action index hovering around 48. This is less than last month's market action index of 52. Inventory has increased to 40. 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 $4,442,000
Median Price of New Listings $3,969,000
Per Square Foot $1,606
Average Days on Market 83
Median Days on Market 21
Price Decreased 15%
Price Increased 0%
Relisted 10%
Inventory 40
Median Rent
Market Action 48
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
$7,497,500 3,731 0.25 - 0.5 acre 5 4.8 9 3 0 28
$4,844,000 3,018 8,000 - 10,000 sqft 4 4 10 3 1 14
$3,869,000 2,829 6,500 - 8,000 sqft 4 3.3 46 3 1 21
$1,944,000 1,514 4,500 - 6,500 sqft 3 2 72 5 2 17