Menlo Park, CA Housing Market
The Menlo Park housing market is somewhat competitive. The median sale price of a home in Menlo Park was $2.3M last month, down 40.4% since last year. The median sale price per square foot in Menlo Park is $1.22K, down 25.2% since last year.
Menlo Park Housing Market Trends
In February 2024, Menlo Park home prices were down 40.4% compared to last year, selling for a median price of $2.3M. On average, homes in Menlo Park sell after 27 days on the market compared to 55 days last year. There were 26 homes sold in February this year, up from 16 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Menlo Park housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for around list price and go pending in around 27 days.
- Hot homescan sell for about 4% above list price and go pending in around 9 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 4% above list price and go pending in around 11 days.
- Hot homescan sell for about 9% above list price and go pending in around 8 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 3% above list price and go pending in around 14 days.
- Hot homescan sell for about 10% above list price and go pending in around 8 days.
Menlo Park Migration & Relocation Trends
- Across the nation, 3% of homebuyers searched to move into Menlo Park from outside metros.
- State College homebuyers searched to move into Menlo Park more than any other metro followed by Durango and The Dalles.
- 76% of Menlo Park homebuyers searched to stay within the Menlo Park metropolitan area.
- Sacramento was the most popular destination among Menlo Park homebuyers followed by Los Angeles and San Diego.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Dec '23 - Feb '24 | ||
1 | 5 | ||
2 | 4 | ||
3 | 3 | ||
4 | 2 | ||
5 | 2 | ||
6 | 2 | ||
7 | 1 | ||
8 | 0 | ||
9 | 0 | ||
10 | 0 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Dec '23 - Feb '24 | ||
1 | 11,804 | ||
2 | 4,632 | ||
3 | 2,292 | ||
4 | 2,260 | ||
5 | 1,762 | ||
6 | 1,721 | ||
7 | 1,515 | ||
8 | 1,379 | ||
9 | 1,301 | ||
10 | 1,261 |
Home offer insights for Menlo Park
Recent offers
View houses in Menlo Park that sold recently
Recently sold homes
- $1,374,750 Last Sold Price3 beds2 baths1,550 sq ft1538 San Antonio St, Menlo Park, CA 94025List Price$1,495,000Sale to List8% under listDays on Market154 days1538 San Antonio St, Menlo Park, CA 94025
- $1,232,500 Last Sold Price3 beds2 baths1,338 sq ft1519 Kavanaugh Dr, East Palo Alto, CA 94303List Price$1,249,000Sale to List1% under listDays on Market63 days1519 Kavanaugh Dr, East Palo Alto, CA 94303
- $2,360,000 Last Sold Price3 beds2.5 baths2,040 sq ft132 Buckthorn Way, Menlo Park, CA 94025List Price$2,295,000Sale to List3% over listDays on Market32 days132 Buckthorn Way, Menlo Park, CA 94025
- $2,420,000 Last Sold Price3 beds2.5 baths1,665 sq ft163 Linfield Dr, Menlo Park, CA 94025List Price$2,349,000Sale to List3% over listDays on Market37 days163 Linfield Dr, Menlo Park, CA 94025
- $2,450,000 Last Sold Price4 beds2 baths1,835 sq ft1049 Ringwood Ave, Menlo Park, CA 94025List Price$2,575,000Sale to List5% under listDays on Market39 days1049 Ringwood Ave, Menlo Park, CA 94025
- $2,288,000 Last Sold Price3 beds1 bath1,637 sq ft3715 Alameda De Las Pulgas Ave, Menlo Park, CA 94025(650) 462-1111List Price$2,088,000Sale to List10% over listDays on Market23 days3715 Alameda De Las Pulgas Ave, Menlo Park, CA 94025
- $3,500,000 Last Sold Price3 beds2.5 baths1,860 sq ft1401 Santa Cruz Ave, Menlo Park, CA 94025List Price$3,300,000Sale to List6% over listDays on Market16 days1401 Santa Cruz Ave, Menlo Park, CA 94025
- $1,850,000 Last Sold Price3 beds2 baths2,067 sq ft300 Sand Hill Cir #203, Menlo Park, CA 94025List Price$1,798,000Sale to List3% over listDays on Market24 days300 Sand Hill Cir #203, Menlo Park, CA 94025
See all recently sold homes in Menlo Park.
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Schools in Menlo Park
- Elementary
- Middle
- High
GreatSchools Rating
9/10 Ohlone Elementary School Public • K-5 | 560 Students | 5 reviews |
8/10 Escondido Elementary School Public • K-5 | 535 Students | 3 reviews |
8/10 Oak Knoll Elementary School Public • K-5 | 651 Students | 11 reviews |
8/10 La Entrada Middle School Public • 4-8 | 745 Students | 14 reviews |
8/10 Laurel Elementary School Public • K-5 | 709 Students | 13 reviews |
Climate's impact on Menlo Park housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Menlo Park.
Flood Factor - Minor
Flood Factor
Fire Factor - Moderate
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Wind Factor - Minimal
Wind Factor
Heat Factor - Moderate
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Transportation in Menlo Park
Walk Score®
Bike Score®
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