The end of the 3rd quarter is a good time to take a look at how the real estate market compares to previous quarters. In terms of gauging market performance, we like to look at the median sales price as it tends to be a more accurate price indicator than the average, which can be inflated or deflated based on the sale of just one or two really high or low-end properties.
Whether you are buying or selling, please contact us any time for a personal consultation and to catch up on the market.
Portola Valley
In September, 8 homes closed escrow (2 for more than list price), and another 3 homes are pending sale. Currently, Portola Valley has 10 homes for sale.
Median Price Comparison
| Q3 2021 | Q2 2021 | Q1 2021 | YTD | 2020 vs 2021 |
| $3,827,500 | $3,240,000 | $3,412,400 | $3,450,000 | 1% ↓ |
Woodside
In September, 11 homes closed escrow (4 for more than list price) plus another 7 homes are pending sale. Currently, Woodside has 39 homes for sale, 24 of which have been on the market for more than 30 days.
MEDIAN PRICE COMPARISON
| Q3 2021 | Q2 2021 | Q1 2021 | YTD | 2020 vs 2021 |
| $3,723,000 | $4,525,000 | $3,636,500 | $3,850,000 | 35%↑ |
Atherton
In September, 9 homes closed escrow (only one for more than list price), and 8 additional homes are pending sale. Currently, Atherton has 27 homes for sale, 20 of which have been on the market for more than 30 days.
MEDIAN PRICE COMPARISON
| Q3 2021 | Q2 2021 | Q1 2021 | YTD | 2020 vs 2021 |
| $7,800,000 | $8,300,000 | $6,700,000 | $7,900,000 | 26% ↑ |
Menlo Park
In September, 33 homes closed escrow (22 for more than list price), and another 40 homes are pending sale. Currently, Menlo Park has 31 single-family homes for sale.
MEDIAN PRICE COMPARISON
| Q3 2021 | Q2 2021 | Q1 2021 | YTD | 2020 vs 2021 |
| $2,887,500 | $2,890,000 | $2,612,500 | $2,850,000 | 11% ↑ |
Palo Alto
In September, 48 single-family homes closed escrow (34 for more than list price), and another 50 homes are pending sale. Currently, Palo Alto has 77 single-family homes for sale, 57 of which have been on the market for more than 30 days.
MEDIAN PRICE COMPARISON
| Q3 2021 | Q2 2021 | Q1 2021 | YTD | 2020 vs 2021 |
| $3,500,000 | $3,559,277 | $3,338,800 | $3,500,000 | 17% ↑ |
Los Altos
In September, 30 homes closed escrow (24 for more than list price), and another 40 homes are pending sale. Currently, Los Altos has only 15 single-family homes for sale, only 5 of which have been on the market for more than 30 days.
MEDIAN PRICE COMPARISON
| Q3 2021 | Q2 2021 | Q1 2021 | YTD | 2020 vs 2021 |
| $4,190,000 | $3,295,000 | $3,475,000 | $4,011,000 | 20% ↑ |
Los Altos Hills
In September, 18 homes closed escrow (only 6 for more than list price), and another 13 homes are pending sale. Currently, Los Altos Hills has only 16 homes for sale, 9 of which have been on the market for more than 30 days.
MEDIAN PRICE COMPARISON
| Q3 2021 | Q2 2021 | Q1 2021 | YTD | 2020 vs 2021 |
| $5,300,000 | $5,550,000 | $4,255,000 | $5,300,000 | 29% ↑ |