Menlo Park, CA Housing Market
The Menlo Park housing market is very competitive. The median sale price of a home in Menlo Park was $2.4M last month, down 6.9% since last year. The median sale price per square foot in Menlo Park is $1.21K, down 19.7% since last year.
Menlo Park Housing Market Trends
In March 2024, Menlo Park home prices were down 6.9% compared to last year, selling for a median price of $2.4M. On average, homes in Menlo Park sell after 15 days on the market compared to 22 days last year. There were 33 homes sold in March this year, up from 21 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
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 1% above list price and go pending in around 12 days.
- Hot homescan sell for about 5% 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
- Most homes get multiple offers, often with waived contingencies.
- The average homes sell for about 6% above list price and go pending in around 9 days.
- Hot homescan sell for about 14% above list price and go pending in around 7 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
- Most homes get multiple offers, often with waived contingencies.
- The average homes sell for about 6% above list price and go pending in around 10 days.
- Hot homescan sell for about 13% above list price and go pending in around 7 days.
Menlo Park Migration & Relocation Trends
- Across the nation, 3% of homebuyers searched to move into Menlo Park from outside metros.
- New York homebuyers searched to move into Menlo Park more than any other metro followed by Santa Barbara and South Bend.
- 77% 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 | Jan '24 - Mar '24 | ||
1 | 84 | ||
2 | 66 | ||
3 | 6 | ||
4 | 5 | ||
5 | 4 | ||
6 | 3 | ||
7 | 2 | ||
8 | 2 | ||
9 | 2 | ||
10 | 1 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Jan '24 - Mar '24 | ||
1 | 11,828 | ||
2 | 4,520 | ||
3 | 2,676 | ||
4 | 2,468 | ||
5 | 1,716 | ||
6 | 1,682 | ||
7 | 1,656 | ||
8 | 1,351 | ||
9 | 1,343 | ||
10 | 1,324 |
Home offer insights for Menlo Park
Recent offers
View houses in Menlo Park that sold recently
Recently sold homes
- $7,300,000 Last Sold Price5 beds4.5 baths3,897 sq ft1855 Oakdell Dr, Menlo Park, CA 94025List Price$7,880,000Sale to List7% under listDays on Market119 days1855 Oakdell Dr, Menlo Park, CA 94025
- $4,100,000 Last Sold Price4 beds3 baths2,689 sq ft269 Willow Rd, Menlo Park, CA 94025List Price$3,980,000Sale to List3% over listDays on Market40 days269 Willow Rd, Menlo Park, CA 94025
- $5,749,000 Last Sold Price5 beds3.5 baths3,655 sq ft166 Seminary Dr, Menlo Park, CA 94025List Price$5,488,000Sale to List5% over listDays on Market21 days166 Seminary Dr, Menlo Park, CA 94025
- $950,000 Last Sold Price2 beds1 bath720 sq ft1127 Carlton Ave, Menlo Park, CA 94025List Price$998,000Sale to List5% under listDays on Market40 days1127 Carlton Ave, Menlo Park, CA 94025
- $6,380,000 Last Sold Price4 beds3 baths2,925 sq ft228 Princeton Rd, Menlo Park, CA 94025List Price$5,800,000Sale to List10% over listDays on Market15 days228 Princeton Rd, Menlo Park, CA 94025
- $3,100,000 Last Sold Price4 beds3 baths1,638 sq ft826 Partridge Ave, Menlo Park, CA 94025List Price$3,098,000Sale to List0% over listDays on Market0 days826 Partridge Ave, Menlo Park, CA 94025
- $3,500,000 Last Sold Price5 beds4.5 baths2,819 sq ft12 Cardinal Ct, Menlo Park, CA 94025List Price$3,625,000Sale to List3% under listDays on Market61 days12 Cardinal Ct, Menlo Park, CA 94025
- $250,000 Last Sold Price—beds—baths—sq ft0 Haight St, Menlo Park, CA 94025List Price$250,000Sale to List0% over listDays on Market22 days0 Haight St, 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
Fire Factor
Wind Factor - Minimal
Wind Factor
Heat Factor - Moderate
Heat Factor
Transportation in Menlo Park
Walk Score®
Bike Score®
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