Kapowich Real Estate Silicon Valley Reports

Menlo Park, CA

Single-Family Homes

Pat Kapowich | 408.245.7700 | Pat@SiliconValleyBroker.com | Broker's License #00979413



Menlo Park, CA

Sun Apr 14 2024
This week the median list price for Menlo Park, CA is $3,984,000 with the market action index hovering around 44. This is less than last month's market action index of 51. 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.

Slight Seller's Advantage

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

Sun Apr 14 2024
This week the median list price for Menlo Park, CA is $3,984,000 with the market action index hovering around 44. This is less than last month's market action index of 51. 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.

Slight Seller's Advantage

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 $3,984,000
Median Price of New Listings $3,395,000
Per Square Foot $1,498
Average Days on Market 74
Median Days on Market 18
Price Decreased 8%
Price Increased 3%
Relisted 3%
Inventory 40
Median Rent
Market Action 44
Slight Seller's Advantage

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
$6,245,000 3,556 0.25 - 0.5 acre 5 4.5 9 0 1 17
$4,743,000 2,645 6,500 - 8,000 sqft 4 3.8 10 0 0 21
$3,662,500 2,764 6,500 - 8,000 sqft 4 3 37 2 1 10
$1,968,444 1,735 4,500 - 6,500 sqft 3 2 65 1 0 14