2025 Mid-Year Market Insights

Menlo Park Real Estate at a Glance – 2025 First Half

Average home price showed a modest increase compared to 2024. Q2 average slipped 5% from the first quarter, reflecting early adjustments. Luxury segment remained strong: 31 homes sold at $5M+ and 8 sales above $7M. 60% of homes sold above list price — clear evidence of buyer competition. Entry-level market rare: only 2 homes sold for under $1M. Sales activity more than doubled, with 92 sales in Q2 versus 40 in Q1. Homes moved quickly, with 69% selling in 14 days or less.

AVERAGE PRICE BY QUARTER

AVERAGE PRICE BY YEAR

$3,869,950

$3,945,430

$3,888,824

$3,674,434

$3,721,399

$3,733,682

$3,622,554

$3,571,825

$3,463,617

$3,274,843

2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2

2025 1st Half

2021 2022 2023 2024

Data is based on single-family home sales reported to the Multiple Listing Service and does not include off-markert sales.

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