9 new real estate properties in Menlo Park, California have been added to Ofirio in the last 7 days.
Of those new properties:
Menlo Park, California has a low demand for real estate. This is determined by the difference between the list price and the closed price, which on average is 1% lower than than the list price. Homes in Menlo Park, California are on the market for 53 days, on average among all of our listings.
This week the following real estate properties became available for sale:
The biggest change in price is in the 2 Beds segment and it is 225% ($1,165,000) more than the week prior.
The average closing price for real estate in Menlo Park California has grown by 34% from the last week, which amounted to $3,004,277.
As of December 2022 Menlo Park, CA is a seller market which means homes sell faster at a higher price. In December 2022, 6 homes (18.2%) sold at asking price, 18 homes (54.5%) sold below asking price, and 9 homes (27.3%) were sold above asking price. If purchasing a home there is little room to negotiate the price.
The median home price increased by 1.5% from $2,389,444 in December 2021 to $2,425,000 in December 2022. The number of homes sold in Menlo Park, CA has decreased by 50.0% over the last year from 58 in December 2021 to 29 homes in December 2022.
Homes in Menlo Park, CA have sold for 2.0% less per ft² than they did a year ago. As of December 2022 the average price per square foot is $1,401.