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Featured local agent — Menlo Park, CA
Sarah Mitchell
Compass Real Estate · Menlo Park, CA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Menlo Park, CA Housing Market
The typical home in Menlo Park, CA is worth $2.89M, rose 6.9% over the past year (Zillow Home Value Index, July 2026). The last median sale price Redfin published was $3.76M, +34.4% year over year (through May 2026). With 0.9 months of supply and homes going under contract in about 16 days, Menlo Park is a strong seller's market. At today's 6.66% 30-year fixed rate, 20% down on a $2.89M home is about $14,858/mo in principal and interest.
Key numbers for Menlo Park, CA
Typical home value
$2.89M
+6.9% in 12 months
Zillow, July 2026
Typical asking rent
$4,349/mo
Zillow Observed Rent Index
Zillow, July 2026
Median sale price
$3.76M
+34.4% year over year
Redfin, through May 2026
Days on market
16
Fast-moving
Redfin, through May 2026
Active listings
28
0.9 months of supply
Redfin, through May 2026
30-yr fixed rate
6.66%
Freddie Mac weekly average
Freddie Mac via FRED, August 2026
Median household income
$206,588
Home costs 14.0x income
U.S. Census ACS, 2023
Sale-to-list ratio
102.6%
Selling above asking
Redfin, through May 2026
Zillow figures are as of July 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Menlo Park a buyer's or seller's market?
Menlo Park, CA is a strong seller's market, based on 0.9 months of supply and homes selling in about 16 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Menlo Park housing market data show?
Every row below is Redfin's final published month for Menlo Park, CA. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $3.76M |
| Median list price | $3.00M |
| Year-over-year price change | +34.4% |
| Median price per sq ft | $1,673/sq ft |
| Median days on market | 16 days |
| Active inventory | 28 listings |
| Months of supply | 0.9 months |
| Sale-to-list price ratio | 102.6% |
| Homes sold (that month) | 31 |
| New listings (that month) | 29 |
| Listings with a price cut | 46.4% |
| Market condition | Strong seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Menlo Park is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Menlo Park is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Menlo Park home prices moved?
Over the last three years the median sale price in Menlo Park, CA rose 47.2%, from $2.56M to $3.76M. The live Zillow value series has rose 6.9% in the last 12 months, which is the more current read now that Redfin's series has stopped. 46.4% of Menlo Park listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 0.9 months while the sale-to-list ratio slips below its current 102.6%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Menlo Park?
Priced off the typical home value of $2.89M at the current 6.66% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $578,014 | $2.31M | $14,858/mo |
| 5% | $144,504 | $2.75M | $17,644/mo |
Zillow, July 2026 for the price · Freddie Mac via FRED, August 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $14,858, that implies roughly $636,767 a year before you add taxes and insurance. The median household in Menlo Park earns $206,588, about $430,179 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 14.0x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Menlo Park in the next 12 months?
Tell us your timeline. We send the Menlo Park market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Menlo Park?
Typical asking rent in Menlo Park, CA is $4,349/mo, against a typical home value of $2.89M. That is a price-to-rent ratio of 55.4x, which means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Compared head to head, 20% down puts principal and interest at $14,858 a month — $10,509 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, July 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Menlo Park?
Active listings in Menlo Park, CA went from 44 in May 2025 to 28 in May 2026, a -36.4% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 41 | 26 |
| July 2025 | 32 | 24 |
| August 2025 | 27 | 18 |
| September 2025 | 35 | 39 |
| October 2025 | 43 | 39 |
| November 2025 | 25 | 9 |
| December 2025 | 16 | 7 |
| January 2026 | 23 | 26 |
| February 2026 | 24 | 33 |
| March 2026 | 28 | 42 |
| April 2026 | 32 | 38 |
| May 2026 | 28 | 29 |
Redfin, through May 2026
How does Menlo Park compare to California and the U.S.?
Menlo Park homes sell for $3.76M — 324% above the California median of $887,400. Against the national median of $410,700, Menlo Park runs 816% higher. Year-over-year, Menlo Park moved +34.4% against California's +3.4% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Menlo Park, CA | $3.76M | +34.4% | 16 days |
| California statewide | $887,400 | +3.4% | 33 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Menlo Park
What buyers should watch
- Months of supply, currently 0.9. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 46.4%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $2,786 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 6.66%, every full point of rate change moves the payment on a $2.89M home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Menlo Park listing goes under contract in 16 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 102.6% of asking. Price at the number you want and let competition do the rest.
- In the last published month Menlo Park added 29 new listings against 31 sales — more clearing than arriving, which is the better window to list.
- Your equity moved +6.9% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Menlo Park varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Menlo Park
There are currently 28 homes listed for sale in Menlo Park, California. The median listing price is $3.0M.
Active listings
28
Homes on market
Median list price
$3.0M
Avg. days on market
16
Days until sale
New this week
29
Newly listed
How much do homes cost in Menlo Park by property type?
How the Menlo Park, CA market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $4.10M | $1,772/sq ft | 22 | 15 days |
| Condo / co-op | $1.04M | $960/sq ft | 4 | 36 days |
| Townhouse | $2.21M | $1,069/sq ft | 4 | 14 days |
Who lives in Menlo Park?
American Community Survey estimates for Menlo Park. U.S. Census ACS, 2023
Population
32,775
Households
11,624
Median income
$206,588/yr
Median age
38.5 years
Owner-occupied
55.3%
Median home value
$2.00M
Median gross rent
$3,156/mo
Mean commute
24.2 min
55.3% of occupied homes in Menlo Park are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $2.00M against Zillow's $2.89M typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $3,156/mo, below Zillow's $4,349/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Menlo Park?
7 schools tracked · 3,548 students
The largest public schools serving Menlo Park, CA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Hillview Middle
Grades 6-8 · 858 students
La Entrada Middle
Grades 4-8 · 591 students
Oak Knoll Elementary
Grades K-5 · 582 students
KIPP Valiant Community Prep
Grades K-8 · 575 students
Garfield Elementary
Grades K-8 · 395 students
Belle Haven Elementary
Grades K-5 · 339 students
Tide Academy
Grades 9-12 · 208 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Menlo Park, CA?
Ordered by distance from Menlo Park, not by size. Compare Menlo Park side by side with any of them.
Menlo Park housing market FAQ
Is Menlo Park a buyer's or seller's market?
Menlo Park, CA is currently a strong seller's market. That read comes from 0.9 months of supply, homes going under contract in about 16 days, and sellers getting 102.6% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Menlo Park?
The typical home in Menlo Park, CA is worth $2.89M (Zillow Home Value Index, July 2026). The median sale price in the last month Redfin published was $3.76M, about $1,673 per square foot.
Is Menlo Park cheaper than the rest of California?
Menlo Park's median sale price of $3.76M is 324% higher than the California statewide median of $887,400, and 816% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Menlo Park?
Homes in Menlo Park, CA spent a median of 16 days on market before going under contract, versus 33 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in Menlo Park?
At the current 30-year fixed rate of 6.66%, 20% down on a $2.89M home is about $14,858 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $636,767 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $206,588.
Are home prices rising in Menlo Park?
The typical home value in Menlo Park, CA rose 6.9% over the last 12 months, from $2.70M to $2.89M (Zillow, July 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Menlo Park?
Menlo Park ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Menlo Park?
That depends on your timeline, not on a headline. What the data says today: Menlo Park, CA is a strong seller's market with 0.9 months of supply, the 30-year fixed rate is 6.66%, and the price-to-rent ratio of 55.4x means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Properties Incorporated publishes the data; it does not give financial advice.
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