Chris Iverson's Market Report
Menlo Park, CA
Single-Family Homes
Market data for your neighborhood, updated weekly.
Menlo Park, CA
Thu Apr 03 2025
This week the median list price for Menlo Park, CA is $4,546,500 with the market action index hovering around 51. This is an increase over last month's market action index of 47. Inventory has decreased to 22.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.
Real-Time Market Profile
| Median List Price | $4,546,500 | |
| Median Price of New Listings | $3,199,000 | |
| Per Square Foot | $1,603 | |
| Average Days on Market | 155 | |
| Median Days on Market | 32 | |
| Price Decreased | 36% | |
| Price Increased | 5% | |
| Relisted | 9% | |
| Inventory | 22 | |
| Median Rent | ||
| Market Action | 51 | |
| Strong Seller's Market | ||
The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.
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 |
|---|---|---|---|---|---|---|---|---|
| $7,195,000 | 3,564 | 0.25 - 0.5 acre | 5 | 5.5 | 10 | 0 | 1 | 266 |
| $4,850,000 | 2,729 | 8,000 - 10,000 sqft | 4 | 3 | 0 | 0 | 1 | 35 |
| $3,996,500 | 2,540 | 8,000 - 10,000 sqft | 4 | 3.3 | 71 | 1 | 2 | 45 |
| $1,948,500 | 1,490 | 4,500 - 6,500 sqft | 3 | 2 | 73 | 1 | 4 | 28 |