Market Update
The Peninsula
Q3 2026
Residential Property Snapshot
Single Family Homes & Condos | Q3 2026
Med. Sales Price
$2.25m
7% more than in
Q3 2025
Q3 2025
Avg. Days On Market
28
3% fewer than in
Q3 2025
Q3 2025
Closed Sales
1,775
2% fewer than in
Q3 2025
Q3 2025
Inventory
1,199
10% more than in
Q3 2025
Q3 2025
Sales Price vs. Closed Sales
- Single Family Homes
- Condos
| Median Close Price | Avg Close Price | Sold Total | |
|---|---|---|---|
| Q3 '22 | $1.95m | $2.35m | 2646 |
| Q3 '23 | $1.98m | $2.45m | 1711 |
| Q3 '24 | $2.1m | $2.53m | 1831 |
| Q3 '25 | $2.1m | $2.6m | 1816 |
| Q3 '26 | $2.25m | $2.83m | 1775 |
Closed
New
Inventory
Closed Sales by Price
- Single Family Homes
- Condos
| Closed Under $1m | 15.0% |
|---|---|
| Q3 '26 | 267 |
| Q3 '25 | 273 |
| 1YR CHANGE | -2% |
| Closed $1m - $3m | 51.6% |
| Q3 '26 | 916 |
| Q3 '25 | 992 |
| 1YR CHANGE | -8% |
| Closed $3m - $5m | 23.0% |
| Q3 '26 | 409 |
| Q3 '25 | 411 |
| 1YR CHANGE | 0% |
| Closed Over $5m | 10.3% |
| Q3 '26 | 183 |
| Q3 '25 | 140 |
| 1YR CHANGE | +31% |
Median Sales Price vs. Average Days on Market
- Single Family Homes
- Condos
| Avg Days On Market | Median Close Price | |
|---|---|---|
| Q3 '22 | 19 | $1.95m |
| Q3 '23 | 25 | $1.98m |
| Q3 '24 | 23 | $2.1m |
| Q3 '25 | 29 | $2.1m |
| Q3 '26 | 28 | $2.25m |
By Year
By Price
Market Data by Year
- Single Family Homes
- Condos
| Q3 2026
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'25 - '26
Inventory
Inventory represents the number of active properties on the market at the end of the quarter
10%
New Listings
New Listings represents the number of properties listed during the quarter.
-35%
Months Supply of Inventory
Months' supply of inventory refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace.
13%
Closed Sales
-2%
Average Days On Market
Average Days on Market represents the number of days that a property has been listed until a seller has accepted an offer and signed a contract.
-3%
Atherton
Median
$11.7m
DOM
18
Sales
18
Inv
18
Belmont
Median
$2.43m
DOM
28
Sales
47
Inv
23
Cupertino
Median
$3m
DOM
25
Sales
63
Inv
55
Hillsborough
Median
$6.55m
DOM
39
Sales
26
Inv
21
Los Altos Hills
Median
$6.38m
DOM
33
Sales
24
Inv
21
Menlo Park
Median
$3.2m
DOM
32
Sales
53
Inv
30
Portola Valley
Median
$6.13m
DOM
27
Sales
11
Inv
10
Redwood City
Median
$2.13m
DOM
23
Sales
114
Inv
81
San Carlos
Median
$2.5m
DOM
23
Sales
75
Inv
42
San Jose
Median
$1.47m
DOM
31
Sales
1,184
Inv
1,079
San Mateo
Median
$1.65m
DOM
29
Sales
152
Inv
116
Woodside
Median
$4.08m
DOM
29
Sales
15
Inv
20