Menlo Park Housing Market · 2026

Data through May 2026

Menlo Park Market Snapshot

Menlo Park is a balanced market, but competition has been picking up. Here's where things stand:

Based on 31 homes sold in May 2026. Includes all residential types (SFH, condo, townhouse, multi-family, and others). Updated weekly.

Data through May 2026

SalesWhat are homes selling for?
Median Sale Price
$3.76M
Up 34.4% from May 2025
Up $962K from May 2025
Homes Sold
31
Sold in the most recent month. More sales = more reliable data.
Your CostWhat would you actually pay each month?
Monthly Payment
~$23,105/mo
6.49% · 30yr fixed · 20% down
Payment Breakdown
  • Principal & Interest$19,003
  • Property Tax$3,919
  • Insurance$183
CompetitionHow competitive is it right now?
Days on Market
16 days
3 fewer days than in May 2025
Homes typically sell within a month
Sale-to-List Ratio
102.6%
Up from 100.2% in May 2025
Selling at or near asking price
% Sold Over Asking
48%
48% of homes sold above asking, some competition
Active Listings
28
Down 36.4% from May 2025
About 0.9 months of supply. Very low, limited options for buyers

Market Trends

See how prices, monthly costs, and mortgage rates have moved in Menlo Park.

Median Sale Price
Up 34.4% year-over-year in Menlo Park. Based on 31 sales in the most recent month.
Homes Sold
6% fewer homes sold than a year ago in Menlo Park.
Total Monthly Payment
Estimated monthly cost is up 30% from a year ago in Menlo Park, reflecting changes in both price and mortgage rates.

Includes principal, interest, estimated CA property tax (~1.25%), and estimated insurance (~$2,200/yr). HOA fees not included.

30-Year Fixed Mortgage Rate (National Avg.)
National average currently at 6.49%. Your actual rate depends on your credit, down payment, and loan type.

Frequently asked questions about Menlo Park

Is now a good time to buy in Menlo Park?

Menlo Park is balanced but competition is picking up. It remains a reasonable environment for buyers, though acting decisively on well-priced homes is becoming more important.

How do Menlo Park home prices compare to the Bay Area average?

At $3.76M, Menlo Park's median sits about 103% above the Bay Area average of $1.85M. Menlo Park is on the higher end of the regional market.

By home type:

  • Single-family homes at $4.10M
  • Townhomes at $2.21M
  • Condos at $1.04M
What price range should I budget for in Menlo Park?

Prices in Menlo Park depend heavily on home type and specific neighborhood. Median sale prices by type:

  • Single-family homes at $4.10M
  • Townhomes at $2.21M
  • Condos at $1.04M

Individual listings vary widely based on location, size, and condition. The best calibration is to narrow to a few specific neighborhoods you are considering and look at recent sales there.

How competitive is Menlo Park for buyers?

Menlo Park is a balanced market where neither side dominates:

  • Homes sell about 3% above asking on average
  • 48% close above list price
  • 16 days typical time to go pending
  • 46% of listings have had a price reduction

Buyer strategy: contingencies are more accepted, and there is time to tour and negotiate without extreme pressure.

What will my total monthly cost be on a median-priced Menlo Park home?

At $3.76M with 20% down at 6.49%, your estimated total monthly cost is approximately $23,105:

  • $19,003 principal and interest
  • $3,919 property tax (California 1.25% effective rate)
  • $183 homeowners insurance

HOA fees are extra. Condo buyers typically budget an additional $300 to $700 per month for HOA, and townhome HOAs run $200 to $500.

No noise, just a quick weekly read on what's going on in your market.

Melanie Tan
Melanie Tan
DRE #02250755
“I help Bay Area buyers and sellers make confident moves with the latest market data, real local expertise, and the patience to find what's actually right for you, not the fastest close.”
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