About Portola Valley
Portola Valley is located in
San Mateo County and is one of the wealthiest towns in America. Forbes Magazine reported the town’s
94028 zip code was the 31st most expensive in the Nation in 2010. Portola Valley has a good balance of modern developments with an old town feel. Opened in 2008, the town’s center provides all the amenities of a bigger city (i.e. a library, community hall, recreational fields, Town Hall, and a variety of classes offered to all ages) but was built to blend into the natural landscape. In fact, the area has architectural guidelines for all Portola Valley homes and buildings that stress blending into the area’s extensive open space and natural views. The town provides excellent public schools and students attend the Portola Valley School District, two private schools, and use the Peninsula Library System. This town emphasizes preserving its open space and small town feel, but is conveniently located near the nightlife of
Palo Alto,
Los Altos and
Menlo Park. To expand your search of Portola Valley homes search by the city’s
94028 zip code, you can also
Find An Agent to help you navigate Portola Valley’s real estate.
REAL ESTATE MARKET STATISTICS
Location: Portola Valley
Geography Type: City
Data Period: Feb 2026
Source: MLSListings (www.mlslistings.com) Provided by Aculist
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SINGLE FAMILY HOMES
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Median Sale Price: $3,539,500 (-29.1% YoY)
Average Sale Price: $4,604,500
Active Listings: 12
New Listings: 5
Pending Sales: 0
Closed Sales: 6
Median Days on Market: 96 days
Average Days on Market: 91 days
Median Price/SqFt: $1,563
Average Price/SqFt: $1,514
Sale-to-List Ratio: 94%
Months of Inventory: 2.6
Total Sale Volume: $27,627,000
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CONDOS & TOWNHOMES (ATTACHED HOMES)
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Median Sale Price: N/A
Average Sale Price: N/A
Active Listings: N/A
New Listings: N/A
Pending Sales: N/A
Closed Sales: N/A
Median Days on Market: N/A days
Average Days on Market: N/A days
Median Price/SqFt: N/A
Average Price/SqFt: N/A
Sale-to-List Ratio: N/A
Months of Inventory: N/A
Total Sale Volume: N/A
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MARKET INTERPRETATION
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• SELLER'S MARKET: Less than 3 months of inventory indicates strong demand and competitive conditions for buyers.
• PRICE REDUCTIONS: Homes selling at 6% below asking price on average.
• SLOWER PACE: Extended days on market may indicate buyer hesitation or pricing adjustments needed.
Sep 2024 – Feb 2026
Single-family homes in Portola Valley have a median sale price of $3,539,500, down 1.5% over the past 3 months. There are 12 active listings, and 6 homes sold last month, with a median of 96 days on market.
Median Sale Price Trends
Single Family Homes
Condos & Townhomes