Is Portola Valley, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Portola Valley is a buyer's market

Buyer's
Market

Difference Since November 2021

At the same time last year, Portola Valley was a Seller's Market.

Key Takeaway

Portola Valley is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Portola Valley, CA cost?

Median Sold Price

$4,950,000

$1,453/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$1,037,500(+26.5%)

Key Takeaway

Homes in Portola Valley have sold for 26.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $2.0M-
N/A
2 $2.7M-
N/A
3 $3.4M$3.3M
-2.8%
4 $4.0M$6.0M
+48.8%
5+ $5.3M$7.1M
+35.4%

Median Sold Price Compared To Nearby Cities

Portola Valley
+26.5%
Woodside
+18.8%
West Santa Clara
+14.9%
Palo Alto
+3.5%

How many homes are available in Portola Valley, CA?

Number of Homes For Sale

Oct 2022Nov 2022%
1610-37.5%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 11
0.0%
3 42
-50.0%
4 64
-33.3%
5+ 53
-40.0%

Number of Homes Sold

Oct 2022Nov 2022%
61-83.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Portola Valley, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Average Sale Time

Nov 2021Nov 2022%
22 Days3 Days-86.6%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Portola Valley are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Portola Valley, CA

Portola Valley, CA has 10 homes for sale to choose from. In November 2022 in Portola Valley, CA there were 37.5% less homes for sale than in October 2022. In November 2022, listings were on the market for 3 days. During the same period, the median list price in this real estate market was $4,950,000. Between October 2022 and November 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 0% more expensive, 2 bedrooms properties became 0% more expensive, prices of 3 bedrooms properties decreased by 2.8%, prices of 4 bedrooms properties went up by 48.8%, prices of 5 bedrooms properties went up by 35.4%. This housing market inventory have changed: 1 bedroom homes inventory did not change, 2 bedrooms homes inventory did not change, the quantity of 3 bedrooms homes went down by 50%, volume of 4 bedrooms homes went down by 33.3%, volume of 5 bedrooms homes went down by 40%. While more than 0 listings in Portola Valley, CA in November 2022 were sold above asking price, there were more than 1 listings sold at asking price, and more than 0 were sold below.

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