Is Portola Valley, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Portola Valley was a Buyer's Market.
Housing Prices in Portola Valley, CA
How much do homes in Portola Valley, CA cost?
Median Sold Price
$3,900,000
$1,421/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since April 2023.
Summary: The median home sold price in Portola Valley was $3,900,000 in April 2024, the same as last year, and the median price per square foot was $1,421.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $7.0M | N/A |
2 Bedrooms | - | $1.8M | N/A |
3 Bedrooms | $3.3M | $3.6M | +9.1% |
4 Bedrooms | $5.1M | $4.1M | -20.0% |
5+ Bedrooms | $4.2M | $5.1M | +21.5% |
Summary: Portola Valley housing prices by bedroom type for April 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 increased by 9.1%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 21.5%.
Median Sold Price Compared To Nearby Cities
West Santa Clara | $4.7M | $4.8M | +2.1% |
Portola Valley | $3.9M | $3.9M | 0.0% |
Palo Alto | $3.1M | $3.0M | -3.2% |
Woodside | $5.3M | $4.6M | -12.1% |
Housing Supply in Portola Valley, CA
How many homes are available in Portola Valley, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 26 | +8.3% |
Summary: The Portola Valley real estate market had 26 homes for sale in April 2024, a 8.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 6 | 10 | +66.7% |
4 Bedrooms | 11 | 10 | -9.1% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Portola Valley housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 66.7%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 5 | -44.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Portola Valley in April 2024, down by 44.4% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 104 Days | +193.0% |
Summary: Homes in Portola Valley had an average of 104 days on market in Apr 2024, up by 193% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Portola Valley; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.