Your Market Report

Portola Valley, CA 94028

Single-Family Homes

sgray@cbnorcal.com


Portola Valley, CA 94028

Tue Sep 01 2026
This week the median list price for Portola Valley, CA 94028 is $3,772,500 with the market action index hovering around 34. This is less than last month's market action index of 36. Inventory has decreased 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.

Slight Seller's Advantage

Market Narrative

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 94028

Tue Sep 01 2026
This week the median list price for Portola Valley, CA 94028 is $3,772,500 with the market action index hovering around 34. This is less than last month's market action index of 36. Inventory has decreased 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.

Slight Seller's Advantage

Market Narrative

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 $3,772,500
Median Price of New Listings $0
Per Square Foot $1,334
Average Days on Market 177
Median Days on Market 126
Price Decreased 17%
Price Increased 8%
Relisted 0%
Inventory 12
Median Rent
Market Action 34
Slight Seller's Advantage

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$7,998,000 6,620 2.5 - 5 acres 5 8 23 0 1 343
$4,288,000 3,380 0.25 - 0.5 acre 5 4 52 0 0 119
$3,500,000 2,960 0.25 - 0.5 acre 3 3 64 0 0 14
$1,988,000 1,205 0.5 - 1 acre 2 2 74 0 0 308