Silicon Valley Market Update – August 2025

The Peninsula real estate market continues to show signs of shifting as we head into fall. Here’s a closer look at how Atherton, Menlo Park, and Redwood City performed last month.

🏡 Atherton Market Update

Atherton saw a noticeable increase in activity this August, with 6 homes sold compared to 3 in July. Despite the higher sales volume, prices trended downward: the median sale price dropped 26% month-over-month, from $11.6M in July to $8.56M in August.

• Median Days on Market (DOM): rose from 33 to 51 days, signaling buyers are taking more time.

• % of List Price Received: sellers averaged 99% of asking, a slight dip from 100% in July.

• Price per Sq. Ft.: softened from $2,164 to $1,858

Overall, Atherton remains a luxury-driven market, but buyers are clearly being selective, keeping sellers on their toes.

🏡 Menlo Park Market Update

Menlo Park’s market slowed in August with 24 homes sold, down from 38 in July. Despite fewer sales, competition among buyers stayed strong.

• Median Sale Price: slipped 7% to $3.07M (from $3.32M in July).

• Median DOM: improved to 13 days, nearly cutting market time in half from July’s 23 days.

• % of List Price Received: jumped to 105%, up from 99%, showing multiple-offer situations are still happening.

• Price per Sq. Ft.: eased slightly to $1,720

   

Menlo Park buyers continue to pay premiums for well-prepared, move-in-ready homes—sellers who market strategically are still reaping strong results.

🏡 Redwood City Market Update

Redwood City experienced a dip in sales volume, with 32 homes sold in August, down from 46 in July. Pricing saw a slight pullback, but demand remains steady.

• Median Sale Price: fell 7% to $2.07M.

• Median DOM: shortened to 12 days, down from 19 in July.

• % of List Price Received: climbed to 103%, a solid improvement from 100% the month prior.

• Price per Sq. Ft.: inched down to $1,289

Redwood City continues to attract strong buyer interest thanks to its balance of affordability (relative to neighboring towns) and proximity to major tech hubs.

📊 Key Takeaways

• Sales Volume Down, Prices Softening: Across all three cities, median sale prices dipped in August.

• Buyer Competition Persists: Despite price adjustments, sellers in Menlo Park and Redwood City still achieved above-asking offers.

• Timing Matters: Homes that are priced well and marketed effectively continue to move quickly.

If you’re considering selling, it’s important to position your home strategically in today’s shifting market. Buyers are cautious, but they’re also acting decisively when the right property comes along.

👉 Curious about what your home could sell for in today’s market? Contact me for a personalized consultation, or share this update with friends and family who may be thinking about buying or selling.