Wed Mar 03 2021
This week the median list price for Menlo Park, CA is $3,700,000 with the market action index hovering around 55. This is an increase over last month's market action index of 54. Inventory has held steady at or around 41.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$3,700,000|
|Per Square Foot||$1,423|
|Days on Market||70|
|Strong Seller's Market|
This week saw relatively little price change from last week. However the market appears to be trying to establish an uptrend. The Market Action Index is a good leading indicator for the durability of this trend.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$6,741,500||4,109||0.25 - 0.5 acre||5||5||7||2||0||105|
|$3,995,000||2,784||8,000 - 10,000 sqft||4||4||2||4||1||119|
|$2,962,500||2,574||6,500 - 8,000 sqft||4||3||36||3||2||38|
|$1,925,000||1,290||4,500 - 6,500 sqft||3||2||70||3||1||7|