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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, here’s what happened in the residential market for the first quarter of 2024 vs. the first quarter of 2025:
The Number of SOLD listings decreased by 30% to 50 properties, with a top sale of $9,000,000 million at 1265 Bay Laurel Drive.
The Average Sales Price increased by 15% to $3,476,140 million, moving the Average Price Per Square Foot up to $1,602.
As measured in quarterly supply, the inventory of properties available for sale increased by 55% to 1.70 quarterly worth of properties for sale.
The average 30-year fixed mortgage rate decreased to 6.78%, according to Bank Rate.com.
If you’re considering buying or selling residential real estate, please get in touch with Gail.
