Menlo Park Housing Market Report – May 2026
Here's a look at how the Menlo Park, CA real estate market performed in May 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 45
- Median Sale Price: $3,600,000
- Average Sale Price: $4,040,442
- Average Price Per Sq Ft: $1,609
- Average Days on Market: 55
- Sale-to-List Price Ratio: 103.5%
Month-Over-Month Trends
Compared to April, the median sale price in Menlo Park moved 2.7% down (from $3,700,000 to $3,600,000). The number of homes sold was 18.2% down compared to the prior month (55 vs. 45). Average days on market shifted 41.0% up (39 days to 55 days).
Year-Over-Year Comparison
Compared to May 2025, the median sale price is 19.2% up (from $3,020,000 to $3,600,000). Sales volume is 4.7% up year-over-year.
What This Means
Menlo Park's real estate market is showing signs of cooling as we head into summer. While the median sale price of $3.6 million remains impressively strong—up nearly 20 percent year-over-year—the month-over-month decline of 2.7 percent suggests momentum is slowing. More telling is the jump in average days on market from 39 to 55 days, indicating homes are taking longer to find buyers. This slowdown likely reflects typical seasonal patterns as we move past spring's traditionally hot selling period, combined with persistent interest rate pressures that continue to affect buyer affordability in Menlo Park's ultra-luxury segment.
The market still favors sellers overall, with homes selling at a 103.5 percent sale-to-list ratio, meaning buyers are still competing and paying above asking. However, the gap between the median asking price of active listings ($2.69 million) and the median sold price ($3.6 million) hints at a bifurcated market—some properties are commanding strong premiums while others may struggle. With 55 active listings on the market and inventory sitting at healthier levels, buyers finally have more negotiating power than they've had in years. For sellers, this may be a signal that pricing aggressively and positioning homes well will matter more than it did during the previous seller's market.
Menlo Park Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 94025 | 45 | $3,600,000 | $1,609 | 55 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 35 | $3,995,000 | $1,755 |
| CONDOS | 4 | $1,037,500 | $1,070 |
| TOWNHOMES | 4 | $2,205,000 | $1,078 |
| CONDO | 1 | $1,850,000 | $1,197 |
| MULTI_FAMILY | 1 | $2,400,000 | $1,197 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $750K+ | 45 |
Current Active Listings
As of this report, there are 55 active listings in Menlo Park with a median asking price of $2,688,000 and an average of 50 days on market.
Thinking About Selling Your Menlo Park Home?
If you're a homeowner in Menlo Park considering selling, you have options. While the traditional market is one route, selling directly for cash can save you time, commissions, and the hassle of repairs and showings. We buy houses in Menlo Park and throughout San Mateo County — get a no-obligation cash offer today.