See photos and updates from listings directly in your feed
Share your favorite listings with friends and family
Save your search and get new listings directly in your mailbox before everybody else
Welcome to The Rossetti Realty Market Update.
If you’re considering buying or selling residential real estate, it’s essential to understand the current market trends.
According to MLS Listings, the marketplace for Menlo Park residential properties, here’s what happened in the 3rd Quarter of 2023 versus the 3rd Quarter of 2024:
The Number of SOLD listings increased by 18% to 91 properties, with a top sale of $9,980,000 million at 680 Cotton Street
The average sales price remains at $3,353,321 million, leading to an increase in the average price per square foot to $1,503.
As measured in quarterly supply, the inventory of properties available for sale decreased by 30% to 1.90 quarters’ worth of properties compared to last year’s 3rd quarter
The average 30-year fixed mortgage rate decreased to 6.24%, according to Bank Rate.com.
If you’re considering buying or selling residential real estate, please get in touch with Gail.
