Home Values

Menlo Park Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$1,642,000

  • 8.0% 1-year change
  • 2.3% 1-year forecast

The median home value in Menlo Park is $1,642,000. Menlo Park home values have gone up 8.0% over the past year and Zillow predicts they will rise 2.3% within the next year. The median list price per square foot in Menlo Park is $928. The median price of homes currently listed in Menlo Park is $1,688,000 while the median price of homes that sold is $1,474,450.

Foreclosures will be a factor impacting home values in the next several years. In Menlo Park 0.9 homes are foreclosed (per 10,000). This is lower than the national value of 4.2

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Menlo Park is 1.5%, which is lower than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Menlo Park homeowners underwater on their mortgage is 1.5%.

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Relative ZHVI
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Menlo Park Market Overview

Data through Nov 30, 2014
  • $1,642,000 ZHVI
  • 2.3% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Nov 30, 2015)
  • $1,688,000 Median listing price
  • $1,474,450 Median sale price (Oct 31, 2014)
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Menlo Park Market Health

Data through Nov 30, 2014
  • 7.0/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 1.5% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 1.5% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

0.9 homes(Oct 31, 2014) Menlo Park
4.2 homes United States
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Nearby Cities

Name Median ZHVI
Atherton $4,612,800
Los Altos Hills $3,593,600
Stanford $2,293,500
Name Median ZHVI
Palo Alto $2,136,000
Emerald Lake Hills $1,657,500
San Carlos $1,323,900
Name Median ZHVI
Redwood City $1,064,200
North Fair Oaks $660,200
East Palo Alto $534,400

Listings & Sales

Data through Nov 30, 2014
  • $928 Median list price / sq ft
  • $877 Median sale price / sq ft (Oct 31, 2014)
  • No data Listings with price cut
5.2%
Sold below listing
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Menlo Park Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $5,232 Menlo Park
    $1,342 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • $2.96 Rent list price / sq ft
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