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 February 2024 versus January 2024:
The Number of SOLD listings increased by 69% to 22 properties, with a top sale of $8,286,525 million at 2308 Loma Prieta Lane.
The Average Sales Price decreased by 14% to $2,984,160 million, moving the Average Price Per Square Foot up to $1,441per square foot.
As measured in months’ supply, the inventory of properties available for sale decreased to 2.00 months’ worth of properties for sale
The average 30-year fixed mortgage rate decreased to 7.22%, according to Bank Rate.com.
If you’re considering buying or selling residential real estate, please get in touch with Gail.
