Menlo Park Home Prices & Values

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ZILLOW HOME VALUE INDEX

$1,642,000

  • 8.0% 1-year change
  • 2.3% 1-year forecast

Oct 2013Nov 2014Nov 2015

The median home value in Menlo Park is $1,642,000. Menlo Park home values have gone up 8.0% over the past year and Zillow predicts they will rise 2.3% within the next year. The median list price per square foot in Menlo Park is $928. The median price of homes currently listed in Menlo Park is $1,688,000 while the median price of homes that sold is $1,474,450.

Foreclosures will be a factor impacting home values in the next several years. In Menlo Park 0.9 homes are foreclosed (per 10,000). This is lower than the national value of 4.2

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Menlo Park is 1.5%, which is lower than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Menlo Park homeowners underwater on their mortgage is 1.5%.