$6,788,000
4,500 SqFt
5 Beds
•5 Full Baths, 1 Partial
Keri Nicholas, Listing Office: Parc Agency Corporation
Is Portola Valley, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Portola Valley has remained a Seller's Market.
Key Takeaway
Portola Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Portola Valley, CA
How much do homes in Portola Valley, CA cost?
Median Sold Price
$3,937,500
$1,472/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$87,500(+2.3%)
Key Takeaway
Homes in Portola Valley have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in Portola Valley was $3,937,500 in August 2024, up 2.3% from last year, and the median price per square foot was $1,472.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $7.0M | - | N/A |
| 2 Bedrooms | $2.0M | $1.7M | -17.3% |
| 3 Bedrooms | $3.1M | $3.5M | +11.1% |
| 4 Bedrooms | $5.7M | $4.1M | -28.3% |
| 5+ Bedrooms | $4.2M | $5.7M | +36.2% |
Summary: Portola Valley housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 17.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 28.3%, and 5+ bedroom homes increased by 36.2%.
Median Sold Price Compared To Nearby Cities
| West Santa Clara | $4.1M | $4.7M | +13.6% |
| Palo Alto | $3.0M | $3.1M | +4.1% |
| Portola Valley | $3.8M | $3.9M | +2.3% |
| Woodside | $5.0M | $4.9M | -1.5% |
Housing Supply in Portola Valley, CA
How many homes are available in Portola Valley, CA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 32 | 35 | +9.4% |
Summary: The Portola Valley real estate market had 35 homes for sale in August 2024, a 9.4% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 14 | 13 | -7.1% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Portola Valley housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 6 | 14 | +133.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Portola Valley, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Portola Valley in August 2024, up by 133.3% month-over-month. Of the 14 sold homes, 64% were sold under asking, 7% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 69 Days | 23 Days | -66.5% |
Summary: Homes in Portola Valley had an average of 23 days on market in Aug 2024, down by 66.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Portola Valley are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 14 homes were sold in Portola Valley; 64% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.