Menlo Park Real Estate Market Extends Weakening in Contracts

Sales fell to 27 homes sold in the Menlo Park market over the last 30 days. Furthermore, a recent downturn in the number of pending transactions continued, with 10 completed in the same period. Potential buyers should note that prices went up in Menlo Park, with the median for this period rising from $1,710,000 to $1,725,000. Despite the falling contracts numbers, there is only one month of inventory remaining, indicating that Menlo Park is a still solid seller's market.

Being aware of new listings is a great exercise in finding the right home so take a look at these in Menlo Park:

$4.3M   $2.6M   $929K  

Get started right now by checking out Menlo Park homes for sale or reviewing Menlo Park real estate trends.

Demographic facts for Menlo Park:

  • This area has a population growth rating of 57. (Scale: 1 = Worst, 100 = Best)
  • The ratio for physicians is 376.9 for every 100,000 people.
  • The area's health cost index score is 110.4. (100 = national average)
  • 72.7% of the residents commute to work alone in their car, 6.2% via carpool, and 4.2% by way of public transit.

Data reported through 1/11/2017

Comments:

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Better Homes and Gardens Real Estate J.F. Finnegan
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Coldwell Banker
Snapped 1 home in this area
Keller Williams
Snapped 7 homes in this area

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