The numbers are in for the first quarter of 2026 real estate market. Despite geopolitical uncertainty, the stock market has again reached new highs, helping to sustain strong buyer activity. This is expected to continue benefiting local markets. With spring breaks nearly over, noticeably more buyers are returning to the market. In a market where buyers are consistently drawn to new listings, conditions remain favorable for sellers

Portola Valley

12 homes closed escrow in the first quarter, compared to 13 during the same period last year. An additional 2 homes went into contract during the quarter and have not yet closed escrow. The average sale price in the first quarter reached a record $5,990,313 – a 7% increase over all of 2025. This was influenced in part by one high-end sale at $14.5 million. The median price rose even more sharply, reaching $4,816,875, up 13% from last year. 

In March, there were 4 sales – 1 at list price and 3 below list price. Inventory has been rising, as is typical in the spring market. There are currently 22 homes publicly for sale, along with 2 being privately marketed. 14 of these homes have been on the market for 30 days or more. 

Woodside

Atherton

Menlo Park

Palo Alto

Los Altos 

Los Altos Hills