Is Portola Valley, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$3,890,000
$1,411/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Portola Valley was $3,890,000 in March 2024, down 8.5% from last year, and the median price per square foot was $1,411.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $7.0M | N/A |
2 Bedrooms | - | $1.8M | N/A |
3 Bedrooms | $3.3M | $3.3M | -0.7% |
4 Bedrooms | $5.7M | $4.1M | -28.7% |
5+ Bedrooms | $4.4M | $4.5M | +1.6% |
Summary: Portola Valley housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 0.7%, 4 bedroom homes decreased by 28.7%, and 5+ bedroom homes increased by 1.6%.
Median Sold Price Compared To Nearby Cities
West Santa Clara | $4.7M | $4.6M | -0.7% |
Palo Alto | $3.1M | $2.9M | -5.1% |
Woodside | $5.3M | $4.9M | -7.3% |
Portola Valley | $4.2M | $3.8M | -8.5% |
Housing Supply in Portola Valley, CA
How many homes are available in Portola Valley, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 22 | +37.5% |
Summary: The Portola Valley real estate market had 22 homes for sale in March 2024, a 37.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 3 | 5 | +66.7% |
4 Bedrooms | 8 | 10 | +25.0% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Portola Valley housing inventory by bedroom type for March 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 66.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 10 | +233.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Portola Valley in March 2024, up by 233.3% month-over-month. Of the 9 sold homes, 44% were sold under asking, 0% were sold at asking, and 56% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
39 Days | 71 Days | +79.9% |
Summary: Homes in Portola Valley had an average of 71 days on market in Mar 2024, up by 79.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in Portola Valley; 70% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.