Menlo Park
Located in the heart of Silicon Valley, is renowned for its blend of suburban tranquility and technological innovation. Home to global companies like Meta (formerly Facebook), the city offers a vibrant community atmosphere with tree-lined neighborhoods, excellent schools, and a variety of recreational facilities. Its proximity to Stanford University further enriches the cultural and educational opportunities available to residents.
Recent Market Trends
As of November 2024, the Menlo Park housing market has shown notable activity:
Median Sale Price: $2.6 million, reflecting a 4.0% increase year-over-year.
Median Sale Price per Square Foot: $1,190, a decrease of 15.2% from the previous year.
Median Days on Market: 16 days, indicating a very competitive market.
Real Estate
Menlo Park's real estate primarily consists of single-family homes, townhouses, and condominiums. The average home value is approximately $2.63 million, marking a 2.6% increase over the past year.
The median listing price is around $2.5 million, trending down 10.2% year-over-year, with a median price per square foot of $1,190.
Key Features & Attractions
Downtown Menlo Park: A charming area with boutique shops, diverse dining options, and community events, fostering a close-knit atmosphere.
Burgess Park: A central recreational hub featuring sports facilities, playgrounds, and a public pool, catering to families and active individuals.
Proximity to Stanford University: Access to academic, cultural, and athletic events enriches the community's lifestyle.
Lifestyle Highlights
Residents of Menlo Park enjoy a high quality of life characterized by:
