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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 January 2025 VS February 2024:
The Number of SOLD listings increased by 86% to 13 properties, with a top sale of $5,888,888 million at 1318 Bellair Way.
The Average Sales Price increased by 25% to $3,297,145,000, causing the Average Price Per Square Foot to rise to $1,536.
As measured in monthly supply, the inventory of properties available for sale decreased by 36% to 2.50 monthly worth of properties for sale
The average 30-year fixed mortgage rate increased to 6.84%, according to Bank Rate.com.
If you’re considering buying or selling residential real estate, please get in touch with Gail.
