Market Update
The Peninsula
Q1 2026
Residential Property Snapshot
Single Family Homes & Condos | Q1 2026
Med. Sales Price
$2.26m
3% more than in
Q1 2025
Q1 2025
Avg. Days On Market
27
13% more than in
Q1 2025
Q1 2025
Closed Sales
1,250
1% more than in
Q1 2025
Q1 2025
Inventory
901
Data unavailable for
Q1 2025
Q1 2025
Sales Price vs. Closed Sales
- Single Family Homes
- Condos
| Median Close Price | Avg Close Price | Sold Total | |
|---|---|---|---|
| Q1 '22 | $1.88m | $2.38m | 2150 |
| Q1 '23 | $1.78m | $2.36m | 1137 |
| Q1 '24 | $2m | $2.42m | 1211 |
| Q1 '25 | $2.2m | $2.74m | 1237 |
| Q1 '26 | $2.26m | $2.77m | 1250 |
Closed
New
Inventory
Closed Sales by Price
- Single Family Homes
- Condos
| Closed Under $1m | 15.4% |
|---|---|
| Q1 '26 | 192 |
| Q1 '25 | 180 |
| 1YR CHANGE | +7% |
| Closed $1m - $3m | 50.8% |
| Q1 '26 | 635 |
| Q1 '25 | 633 |
| 1YR CHANGE | 0% |
| Closed $3m - $5m | 23.1% |
| Q1 '26 | 289 |
| Q1 '25 | 291 |
| 1YR CHANGE | -1% |
| Closed Over $5m | 10.7% |
| Q1 '26 | 134 |
| Q1 '25 | 133 |
| 1YR CHANGE | +1% |
Median Sales Price vs. Average Days on Market
- Single Family Homes
- Condos
| Avg Days On Market | Median Close Price | |
|---|---|---|
| Q1 '22 | 14 | $1.88m |
| Q1 '23 | 31 | $1.78m |
| Q1 '24 | 28 | $2m |
| Q1 '25 | 24 | $2.2m |
| Q1 '26 | 27 | $2.26m |
By Year
By Price
Market Data by Year
- Single Family Homes
- Condos
| Q1 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.
-30%
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.
-11%
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.
13%
Atherton
Median
$15.7m
DOM
17
Sales
10
Inv
11
Belmont
Median
$2.1m
DOM
15
Sales
27
Inv
22
Cupertino
Median
$3.42m
DOM
21
Sales
50
Inv
32
Hillsborough
Median
$6.25m
DOM
50
Sales
21
Inv
32
Los Altos Hills
Median
$5.33m
DOM
36
Sales
16
Inv
15
Menlo Park
Median
$3.35m
DOM
14
Sales
43
Inv
23
Portola Valley
Median
$5.1m
DOM
119
Sales
7
Inv
11
Redwood City
Median
$2.1m
DOM
23
Sales
80
Inv
54
San Carlos
Median
$2.8m
DOM
18
Sales
52
Inv
28
San Jose
Median
$1.5m
DOM
26
Sales
890
Inv
706
San Mateo
Median
$1.52m
DOM
26
Sales
111
Inv
96
Woodside
Median
$5.75m
DOM
25
Sales
9
Inv
21