Monthly market wrap MONTHLY MARKET WRAP Menlo Park Condos · May 2026 The Menlo Park market eased in May: most key signals moved the buyer's way. Median sale price $1.04M ▲ +9.3% vs Apr Time to pending 36d ▲ 18 days slower vs Apr Sold over asking 0% ▼ -33 pts vs Apr Active listings 7 ▲ +16.7% vs Apr Generated by ListingCopilot.io Source: Redfin housing market data
Sale price vs asking SALE PRICE VS ASKING Menlo Park Condos · May 2026 Only 0% of Menlo Park condos sold over asking, so buyers have room to negotiate. 95.5% average sale price vs. asking price Sold over asking 0% vs. a year ago +0 pts 100.2% 98.3% 96.4% Sold at asking price 95.5% May 2024 May 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Are you an agent? Create a branded market page for free like this for your own cities.
Try ListingCopilot → The negotiation gap THE NEGOTIATION GAP Menlo Park Condos · May 2026 Menlo Park condos are closing +4.5% below asking. The list price has become a starting point. -$1.96M median sale price minus asking price Median asking price $3M Median sale price $1.04M $2.58M $1.83M $1.09M Sold Asking May 2024 May 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Median sale price MEDIAN SALE PRICE Menlo Park Condos · May 2026 Menlo Park condo values dipped -8.2% from a year ago. $1.04M median sale price Year over year -8.2% Homes sold last month 4 $1.55M $1.3M $1.06M $1.04M Mar 2019 Oct 2022 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Time to sell TIME TO SELL Menlo Park Condos · May 2026 The typical Menlo Park condo goes pending in 36 days, 9 days slower than last year. 36 days median time to pending Gone within two weeks 0% vs. a year ago 9 days slower 183d 122d 61d 36d May 2024 May 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data
Active listings ACTIVE LISTINGS Menlo Park Condos · May 2026 Menlo Park inventory is down 22.2% year over year, keeping buyer choice tight. 7 active listings Year over year -22.2% Months of supply 1.8 16 12 7 7 May 2024 May 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Buying or selling in Menlo Park? Jason tracks this market every month and can give you a local read before your next move.
Price cuts PRICE CUTS Menlo Park Condos · May 2026 1 in 4 Menlo Park listings cut its asking price last month, up 6 pts from a year ago. 29% of active listings cut their asking price vs. a year ago +6 pts Active listings 7 34% 25% 16% 29% May 2024 May 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data The two-speed market THE TWO-SPEED MARKET Menlo Park Condos · May 2026 Only 0% of Menlo Park condos went pending within two weeks. Most listings are taking their time. 0% of listings went pending within two weeks Median time to pending 36 days vs. a year ago +0 pts 41% 25% 9% Half of listings 0% May 2024 Apr 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Best month to buy BEST MONTH TO BUY Menlo Park Condos · May 2026 January is historically Menlo Park's calmest month for buyers: 4.6 pts less over-asking than May. January historically the calmest month for buyers Buyer's edge vs May -4.6 pts Years of Redfin data 9+ Yearly average J F M A M J J A S O N D -2.4 pts Bars over/under-asking vs the yearly average Line price seasonalityGenerated by ListingCopilot.io Source: Redfin housing market data 10-year price growth WAITING HAS A PRICE Menlo Park Condos · May 2026 Menlo Park condo values are up +31% over the past 10 years. +31% median sale price growth since 2016 Median price in 2016 $792K Average gain per year +2.7% $1.32M $1.09M $869K $1.04M Dec 2015 Mar 2021 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data For agents only
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