ZIP 94028, Portola Valley Housing Market · 2026

Data through Jul 2026 · Part of the Portola Valley housing market

Data curated by Melanie Tan, 8 Blocks Real Estate · How this data works

ZIP 94028, Portola Valley Market Snapshot

ZIP 94028 is shifting toward buyers. Here's where things stand:

Based on 24 homes sold in the 3 months ending July 2026. Includes all residential types (SFH, condo, townhouse, multi-family, and others). Updated weekly.

Data through July 2026

SalesWhat are homes selling for?
Median Sale Price
$3.94M
Down 8.9% from July 2025
Down $387K from July 2025
Homes Sold
24
Sold in the last 3 months. More sales = more reliable data.
Your CostWhat would you actually pay each month?
Monthly Payment
~$24,673/mo
6.71% · 30yr fixed · 20% down
Payment Breakdown
  • Principal & Interest$20,381
  • Property Tax$4,108
  • Insurance$183
CompetitionHow competitive is it right now?
Days on Market
34 days
19 more days than in July 2025
Buyers have time to decide
Sale-to-List Ratio
98.4%
Down from 101.3% in July 2025
Selling 2% below asking
% Sold Over Asking
26%
Only 26% sold above asking. Few bidding wars right now
Active Listings
14
Down 33.7% from July 2025
About 1.8 months of supply. Very low, limited options for buyers

Market Trends

See how prices, monthly costs, and mortgage rates have moved in 94028, Portola Valley.

Median Sale Price
Down 8.9% year-over-year in 94028, Portola Valley. Based on 24 sales in the last 3 months.
Homes Sold
41% more homes sold than a year ago in 94028, Portola Valley.
Total Monthly Payment
Estimated monthly cost is down 9% from a year ago in 94028, Portola Valley, 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 6.71%. Your actual rate depends on your credit, down payment, and loan type.

Frequently asked questions about ZIP 94028

Is now a good time to buy in ZIP 94028?

ZIP 94028 currently leans toward buyers. Homes are sitting longer and sellers are more open to negotiation. It is a good time to take your time, request contingencies, and consider offering below asking.

How do ZIP 94028 home prices compare to the Bay Area average?

At $3.94M, ZIP 94028's median sits about 119% above the Bay Area average of $1.80M. ZIP 94028 is on the higher end of the regional market.

Within Portola Valley, this area trades about 15% below the city-wide median of $4.62M.

How competitive is ZIP 94028 for buyers?

ZIP 94028 currently leans toward buyers:

  • Homes sell about 2% below asking on average
  • 26% close above list price
  • 34 days typical time to go pending
  • 20% of listings have had a price reduction

Buyer strategy: a well-structured offer near or below list price has a good chance of success.

What will my total monthly cost be on a median-priced ZIP 94028 home?

At $3.94M with 20% down at 6.71%, your estimated total monthly cost is approximately $24,673:

  • $20,381 principal and interest
  • $4,108 property tax (California 1.25% effective rate)
  • $183 homeowners insurance

HOA fees are extra.

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.”
See all reviews on Zillow

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