Mon Jan 24 2022
This week the median list price for Menlo Park, CA is $3,825,000 with the market action index hovering around 66. This is less than last month's market action index of 67. Inventory has held steady at or around 15.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$3,825,000|
|Median Price of New Listings||$2,687,000|
|Per Square Foot||$1,734|
|Average Days on Market||101|
|Median Days on Market||70|
|Strong Seller's Market|
This week saw relatively little price change from last week. However, prices continue demonstrate a nice up trend in general over the last several weeks.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$7,998,000||4,270||0.25 - 0.5 acre||5||5||1||0||0||91|
|$5,191,944||2,560||0.25 - 0.5 acre||4||4||66||0||2||129|
|$2,998,500||1,938||4,500 - 6,500 sqft||4||3||1||2||2||45|
|$1,198,944||970||4,500 - 6,500 sqft||2||1.5||70||2||2||3|