Menlo Park Real Estate Market Trends
Market Overview for Quarter 3, 2024
Median Sale Price
2.3% YoY
Median Price/Sqft
2.3% YoY
No. of Transactions
1% YoY
County Median Sale Price
4.2% YoY
In Q3, the median home sale price in Menlo Park was $2.8M, a change of 2.3% year-over-year. There were a total of 105 sales, for a year-over-year change of just 1%. In Q3, the median price per square foot was $1K, a change of 2.3% year-over-year. The median home sale price in San Mateo County was $1.6M.
Sales information for last quarter cannot be displayed due to insufficient recorded transactions. The available data does not meet the minimum threshold required for reliable and accurate data representation.
Top Cities in San Mateo County
| Ranking | City | Median Sale Price |
|---|---|---|
| 1 | Atherton | $7,325,000 |
| 2 | Hillsborough | $5,174,500 |
| 3 | Menlo Park | $2,800,000 |
| 4 | Burlingame | $2,800,000 |
| 5 | Belmont | $2,170,000 |
| 6 | San Carlos | $1,809,000 |
| 7 | Redwood City | $1,801,000 |
| 8 | Millbrae | $1,780,000 |
| 9 | San Mateo | $1,645,000 |
| 10 | Half Moon Bay | $1,589,000 |
| 11 | Foster City | $1,558,000 |
| 12 | South San Francisco | $1,260,000 |
| 13 | Pacifica | $1,207,500 |
| 14 | San Bruno | $1,150,000 |
| 15 | Daly City | $1,100,000 |
Residential Property Types Sold in Menlo Park
| Property Type | Median Sale Price | Y-o-Y Change | Median Sale Price/Sq. Ft | Y-o-Y Change | Transactions |
|---|---|---|---|---|---|
| Condo | $1.2M | 12.5% | $943 | -4.1% | 15 |
| House | $3M | 5.6% | $1K | 6.3% | 90 |
The median sale price for houses in Menlo Park in Q3 was $3M, up 5.6% year-over-year. Similarly, the median price for condos in Menlo Park was also on the rise, gaining 12.5% to reach $1.2M in Q3.
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