$10,000 Closing Credit*
$895,000
1,430 SqFt
2 Beds
•1 Full Bath
Zach Trailer, Listing Office: Compass
Is Menlo Park, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Menlo Park has remained a Seller's Market.
Key Takeaway
Menlo Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Menlo Park, CA
How much do homes in Menlo Park, CA cost?
Median Sold Price
$2,681,250
$1,422/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$123,750(+4.8%)
Key Takeaway
Homes in Menlo Park have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Menlo Park was $2,681,250 in October 2024, up 4.8% from last year, and the median price per square foot was $1,422.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $907K | $800K | -11.8% |
| 2 Bedrooms | $1.4M | $1.5M | +6.0% |
| 3 Bedrooms | $2.1M | $2.2M | +6.9% |
| 4 Bedrooms | $4.1M | $3.9M | -5.2% |
| 5+ Bedrooms | $5.8M | $5.1M | -12.1% |
Summary: Menlo Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.8%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 6.9%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes decreased by 12.1%.
Median Sold Price Compared To Nearby Cities
| East Palo Alto | $948K | $1.0M | +9.7% |
| Palo Alto | $3.0M | $3.2M | +7.7% |
| Menlo Park | $2.5M | $2.6M | +4.8% |
| Redwood City | $1.8M | $1.7M | -2.0% |
| Atherton | $7.9M | $7.5M | -4.4% |
Housing Supply in Menlo Park, CA
How many homes are available in Menlo Park, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 80 | 87 | +8.8% |
Summary: The Menlo Park real estate market had 87 homes for sale in October 2024, a 8.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 15 | 12 | -20.0% |
| 3 Bedrooms | 33 | 34 | +3.0% |
| 4 Bedrooms | 16 | 20 | +25.0% |
| 5+ Bedrooms | 14 | 17 | +21.4% |
Summary: The Menlo Park housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 21.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 27 | 0.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Menlo Park, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in Menlo Park in October 2024, the same as the previous month. Of the 26 sold homes, 46% were sold under asking, 8% were sold at asking, and 46% were sold over asking.
Days on Market for Menlo Park, CA
How long does it take to sell a home in Menlo Park, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 23 Days | -11.4% |
Summary: Homes in Menlo Park had an average of 23 days on market in Oct 2024, down by 11.4% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Menlo Park are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 27 homes were sold in Menlo Park; 78% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS©, but is not warranted. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing Broker has attempted to offer accurate data, but buyers are advised to confirm all data provided. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.