Menlo Park Real Estate & Homes for Sale in California
Menlo Park is a community that has virtually everything to offer potential homeowners, such as a strong economy, gorgeous natural setting, a charming atmosphere, and great housing options. Located within San Mateo County and bordered by the San Francisco Bay on the east and lush hills on the west, the location has long made it a favorite area for families and professionals. Thomas Edison was also known to be particularly fond of this city.
Menlo Park is home to over 30,000 residents, as well as a large concentration of venture capital dotcoms. The largest employing economic sectors are professional, scientific, administrative and waste management services. San Francisco (located only 35 miles northwest of Menlo Park) also offers a variety of employment opportunities. Residential neighborhoods are characterized by tree-lined streets, large properties, and fabulous views.
The cultural diversity of Menlo Park includes amenities such as boutique shopping, upscale dining, eclectic shops and art studios. Sports fans catch games at nearby Stanford University, Oracle Park, and Levi's Stadium. Nature enthusiasts will enjoy acres of undisturbed plant and animal life at Jasper Ridge Biological Park. Public education is provided by Menlo Park City School District.
Menlo Park Real Estate Market: Prices of Menlo Park Real Estate & Homes for Sale
Menlo Park real estate for sale consists primarily of detached, single-family homes and a smaller selection of condominiums and townhouses. Houses range from less that $1 million to $4 million. The strength of Menlo Park's real estate market reflects the appeal of this community; scenic views are available, and many properties are secluded from the road by trees. (more)
The bay, coastal hills, valleys, and nearby city lights provide a wonderful backdrop. Ranch and traditional homes in Menlo Park are popular choices, as are restored early 20th houses. Condominiums and townhouses are priced from the low $800,000s to $1 million and up. Land and lots are also available.
Menlo Park, California Average Home Sizes and Asking Prices
Menlo Park Real Estate Stats and Trends for the week of March 18th, 2019: homes priced around $2,273,750 compared to $2,261,152 the previous week, for a slight increase of less than +1%. For Monday, March 18th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.