Chris Iverson's Market Report

Menlo Park, CA

Single-Family Homes

Golden Gate Sotheby's International Realty | License 01708130



Menlo Park, CA

Mon Sep 21 2020
This week the median list price for Menlo Park, CA is $2,795,000 with the market action index hovering around 42. This is an increase over last month's market action index of 40. Inventory has held steady at or around 61. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Menlo Park, CA

Mon Sep 21 2020
This week the median list price for Menlo Park, CA is $2,795,000 with the market action index hovering around 42. This is an increase over last month's market action index of 40. Inventory has held steady at or around 61. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Menlo Park market.
Median List Price $2,795,000
Per Square Foot $1,344
Days on Market 73
Price Decreased 38%
Price Increased 2%
Relisted 3%
Inventory 61
Median Rent $5,425
Most Expensive $7,999,000
Least Expensive $999,000
Market Action 42
Slight Seller's Advantage

Each segment below represents approximately 25% of the market ordered by price.