Menlo Park Housing Market Report – July 2026
Here's a look at how the Menlo Park, CA real estate market performed in July 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 30
- Median Sale Price: $3,225,000
- Average Sale Price: $3,237,683
- Average Price Per Sq Ft: $1,505
- Average Days on Market: 52
- Sale-to-List Price Ratio: 103.4%
Month-Over-Month Trends
Compared to June, the median sale price in Menlo Park moved 11.2% up (from $2,899,500 to $3,225,000). The number of homes sold was 30.2% down compared to the prior month (43 vs. 30). Average days on market shifted 15.6% up (45 days to 52 days).
Year-Over-Year Comparison
Compared to July 2025, the median sale price is 12.2% up (from $2,875,000 to $3,225,000). Sales volume is 42.3% down year-over-year.
What This Means
Menlo Park's luxury market continues climbing in price while activity cools considerably. The median sale price hit $3.225 million this July, up a solid 11.2% month-over-month and 12.2% year-over-year, suggesting sustained buyer appetite despite tightening conditions. What's telling, though, is the drop in sales volume—down 30% from June and 42% year-over-year—paired with rising days on market, now at 52 days compared to 45 last month. This slowdown isn't surprising for mid-summer in an ultra-premium market, but it points to a meaningful shift: fewer qualified buyers are closing deals, even as prices remain firm.
The silver lining for sellers is the sale-to-list ratio of 103.4%, meaning homes are still fetching above asking on average. However, 71 active listings are sitting longer to find their buyers, with an average of 46 days already on market. The gap between what's selling ($3.225M median) and what's being listed ($2.65M median) hints at pricing realism issues in the pipeline. For serious buyers, this represents negotiating room that wasn't present six months ago. Overall, Menlo Park remains a seller's market, but momentum is decidedly slowing—a healthy correction after years of rapid appreciation.
Menlo Park Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 94025 | 30 | $3,225,000 | $1,505 | 52 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 22 | $3,250,000 | $1,663 |
| CONDOS | 4 | $1,247,500 | $930 |
| LAND | 2 | $3,388,000 | N/A |
| MULTI_FAMILY | 2 | $4,225,000 | $910 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $500K - $749K | 1 |
| $750K+ | 29 |
Current Active Listings
As of this report, there are 71 active listings in Menlo Park with a median asking price of $2,650,000 and an average of 46 days on market.
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