Is Portola Valley, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Portola Valley has remained a Seller's Market.
Housing Prices in Portola Valley, CA
How much do homes in Portola Valley, CA cost?
Median Sold Price
$3,895,000
$1,385/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Portola Valley was $3,895,000 in May 2024, up 2.5% from last year, and the median price per square foot was $1,385.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $7.0M | N/A |
2 Bedrooms | $2.3M | $1.6M | -27.8% |
3 Bedrooms | $3.2M | $3.7M | +14.2% |
4 Bedrooms | $5.7M | $3.9M | -31.1% |
5+ Bedrooms | $4.2M | $4.5M | +7.1% |
Summary: Portola Valley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 27.8%, 3 bedroom homes increased by 14.2%, 4 bedroom homes decreased by 31.1%, and 5+ bedroom homes increased by 7.1%.
Median Sold Price Compared To Nearby Cities
West Santa Clara | $4.4M | $4.7M | +8.4% |
Portola Valley | $3.8M | $3.8M | +2.5% |
Palo Alto | $3.0M | $3.0M | -2.6% |
Woodside | $5.2M | $4.9M | -4.6% |
Housing Supply in Portola Valley, CA
How many homes are available in Portola Valley, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 29 | +16.0% |
Summary: The Portola Valley real estate market had 29 homes for sale in May 2024, a 16.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 11 | 14 | +27.3% |
4 Bedrooms | 9 | 10 | +11.1% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Portola Valley housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 7 | +40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Portola Valley in May 2024, up by 40.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Portola Valley, CA
How long does it take to sell a home in Portola Valley, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
13 Days | 14 Days | +1.0% |
Summary: Homes in Portola Valley had an average of 14 days on market in May 2024, up by 1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Portola Valley; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.