Market Update
The Peninsula
Q2 2026
Residential Property Snapshot
Single Family Homes & Condos | Q2 2026
Med. Sales Price
$2.4m
2% more than in
Q2 2025
Q2 2025
Avg. Days On Market
22
0% change from
Q2 2025
Q2 2025
Closed Sales
2,137
1% more than in
Q2 2025
Q2 2025
Inventory
846
16% fewer than in
Q2 2025
Q2 2025
Sales Price vs. Closed Sales
- Single Family Homes
- Condos
| Median Close Price | Avg Close Price | Sold Total | |
|---|---|---|---|
| Q2 '22 | $2.16m | $2.59m | 3069 |
| Q2 '23 | $2.08m | $2.49m | 1842 |
| Q2 '24 | $2.35m | $2.74m | 2099 |
| Q2 '25 | $2.35m | $2.8m | 2114 |
| Q2 '26 | $2.4m | $2.96m | 2137 |
Closed
New
Inventory
Closed Sales by Price
- Single Family Homes
- Condos
| Closed Under $1m | 12.4% |
|---|---|
| Q2 '26 | 264 |
| Q2 '25 | 293 |
| 1YR CHANGE | -10% |
| Closed $1m - $3m | 50.7% |
| Q2 '26 | 1084 |
| Q2 '25 | 1071 |
| 1YR CHANGE | +1% |
| Closed $3m - $5m | 24.3% |
| Q2 '26 | 519 |
| Q2 '25 | 530 |
| 1YR CHANGE | -2% |
| Closed Over $5m | 12.6% |
| Q2 '26 | 270 |
| Q2 '25 | 220 |
| 1YR CHANGE | +23% |
Median Sales Price vs. Average Days on Market
- Single Family Homes
- Condos
| Avg Days On Market | Median Close Price | |
|---|---|---|
| Q2 '22 | 8 | $2.16m |
| Q2 '23 | 22 | $2.08m |
| Q2 '24 | 17 | $2.35m |
| Q2 '25 | 22 | $2.35m |
| Q2 '26 | 22 | $2.4m |
By Year
By Price
Market Data by Year
- Single Family Homes
- Condos
| Q2 2026
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'25 - '26
Inventory
Inventory represents the number of active properties on the market at the end of the quarter
-16%
New Listings
New Listings represents the number of properties listed during the quarter.
-37%
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.
-18%
Closed Sales
1%
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.
0%
Atherton
Median
$11.1m
DOM
38
Sales
24
Inv
10
Belmont
Median
$2.39m
DOM
19
Sales
64
Inv
25
Cupertino
Median
$3.35m
DOM
16
Sales
60
Inv
38
Hillsborough
Median
$6.5m
DOM
23
Sales
43
Inv
17
Los Altos Hills
Median
$5.46m
DOM
45
Sales
27
Inv
13
Menlo Park
Median
$3.7m
DOM
20
Sales
78
Inv
20
Portola Valley
Median
$3.8m
DOM
29
Sales
17
Inv
6
Redwood City
Median
$2.16m
DOM
18
Sales
148
Inv
45
San Carlos
Median
$2.66m
DOM
15
Sales
88
Inv
28
San Jose
Median
$1.57m
DOM
22
Sales
1,352
Inv
738
San Mateo
Median
$1.83m
DOM
25
Sales
213
Inv
79
Woodside
Median
$5.35m
DOM
42
Sales
23
Inv
18