Chris Iverson's Market Report
Portola Valley, CA
Single-Family Homes
Market data for your neighborhood, updated weekly.
Portola Valley, CA
Fri Jul 26 2024
This week the median list price for Portola Valley, CA is $7,888,000 with the market action index hovering around 45. This is an increase over last month's market action index of 42. Inventory has decreased to 17.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices
Real-Time Market Profile
| Median List Price | $7,888,000 | |
| Median Price of New Listings | $5,850,000 | |
| Per Square Foot | $1,542 | |
| Average Days on Market | 143 | |
| Median Days on Market | 28 | |
| Price Decreased | 12% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 17 | |
| Median Rent | ||
| Market Action | 45 | |
| Strong Seller's Market | ||
Click for more charts
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.
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 |
|---|---|---|---|---|---|---|---|---|
| $20,994,000 | 9,119 | 5 - 10 acres | 6 | 7.8 | 9 | 0 | 0 | 238 |
| $8,995,000 | 5,112 | 1 - 2.5 acres | 4 | 4 | 24 | 2 | 0 | 14 |
| $6,172,500 | 4,330 | 1 - 2.5 acres | 4 | 5.5 | 22 | 2 | 1 | 14 |
| $3,750,000 | 2,900 | 0.25 - 0.5 acre | 4 | 3.5 | 72 | 1 | 2 | 21 |