Chris Iverson's Market Report

Portola Valley, CA

Single-Family Homes

Market data for your neighborhood, updated weekly.



Portola Valley, CA

Sat Apr 13 2024
This week the median list price for Portola Valley, CA is $4,196,500 with the market action index hovering around 53. This is less than last month's market action index of 54. Inventory has increased to 12. Click here to stay informed with the Portola Valley market!

Market Action Index

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

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Portola Valley, CA

Sat Apr 13 2024
This week the median list price for Portola Valley, CA is $4,196,500 with the market action index hovering around 53. This is less than last month's market action index of 54. Inventory has increased to 12. Click here to stay informed with the Portola Valley market!

Market Action Index

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

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Portola Valley market.
Median List Price $4,196,500
Median Price of New Listings $3,391,500
Per Square Foot $1,344
Average Days on Market 163
Median Days on Market 21
Price Decreased 25%
Price Increased 0%
Relisted 0%
Inventory 12
Median Rent
Market Action 53
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.

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
$19,000,000 11,185 5 - 10 acres 6 8 18 0 0 336
$5,549,000 4,200 1 - 2.5 acres 4 3.5 71 1 0 14
$3,800,000 3,240 0.25 - 0.5 acre 4 3 59 1 1 7
$2,995,000 1,960 0.25 - 0.5 acre 3 2 94 2 0 0