Michele's Real Estate Market Report

Portola Valley, CA

Single-Family Homes

Michele Harkov | 650-773-1332 | www.micheleharkov.com


Portola Valley, CA

Sun May 19 2024
This week the median list price for Portola Valley, CA is $4,795,000 with the market action index hovering around 46. This is less than last month's market action index of 48. Inventory has held steady at or around 15. 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

Sun May 19 2024
This week the median list price for Portola Valley, CA is $4,795,000 with the market action index hovering around 46. This is less than last month's market action index of 48. Inventory has held steady at or around 15. 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 $4,795,000
Median Price of New Listings $4,795,000
Per Square Foot $1,563
Average Days on Market 164
Median Days on Market 35
Price Decreased 27%
Price Increased 0%
Relisted 7%
Inventory 15
Median Rent
Market Action 46
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.

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 0 378
$8,000,000 5,649 2.5 - 5 acres 4 4.5 39 1 0 112
$4,095,000 3,170 0.5 - 1 acre 4 3 61 2 1 14
$2,475,000 1,738 0.25 - 0.5 acre 3 2 85 0 0 38