Portola Valley, CA Housing Market
Median List Price
$3,850,000
Updated August 2026
Today, Portola Valley has 13 homes for sale at a median list price of $3,850,000, typically selling in about 151 days.
Portola Valley Market Analysis
Buyers in Portola Valley, CA are looking at a median list price of $3.9M. Median pricing works out to $1,218 per square foot. Since February, the median price has moved down about 19.5% to $3.1M as of July.
It takes about 52 days for the typical home here to go under contract. Portola Valley, CA has 13 active listings on the market right now. 2 new listings came on the market in the last 30 days.
Most of what is for sale here is single family homes, about 92.3% of the mix. Portola Valley, CA sits within the 94028 ZIP code.
Portola Valley Market Pulse
Topfind Market Read
Buyers hold the edge right now. The typical home takes about 151 days to sell, and 6.5 months of supply is more than current demand absorbs. At the same time, sale prices are up 6% over the last six months, though still 15% below a year ago, and selling times have improved 62% versus six months ago, which keeps well-priced homes moving. Buyers have room to negotiate price and terms, while sellers should price sharply and present well to stand out.
Median Home Price
$3.85M
↓ 15% over the past yearChart shows the median closed sale price by month
Months of Supply
Estimated time to sell all listings at the current sales pace
6.5 months of supply
Ample Supply13 active listings, plenty of options to choose from.
What this means for buyers
There is more inventory than recent sales absorb, so buyers have plenty of options and stronger footing to negotiate price and terms. Listings typically sell in ~151 days.
Sales Velocity
How fast homes are selling
Homes are sitting on the market, so buyers often have strong leverage to negotiate price, terms, and repairs. The trend is moving the other way though, with selling times down 62% over the last six months.
Inventory Distribution
A larger share of listings has been up beyond 30 days, which typically means more room to negotiate on those longer-listed homes.
Housing Tenure in Portola Valley
Homeownership is significantly higher than average, making this a homeowner-dominated market with more long-term residents.
84%
Homeowners
16%
Renters
Homeownership is 28.5 points higher than the California average (55.5%)
1,730 households (2023)
Median Price by Bedroom
Home prices rise significantly with each additional bedroom.
Each additional bedroom adds about $1.1M in value on average, with larger homes seeing bigger price jumps.
Largest increase: 4 → 5 bedrooms (+$2.0M)
Price Reductions
6 listings have reduced their price
46% of active listings
Average reduction: 8.5% (~$327K)
Browse Portola Valley Listings
Frequently Asked Questions about the Portola Valley, CA Housing Market
What is the median home price in Portola Valley, CA?
The median list price in Portola Valley is $3,850,000 as of August 2026, based on 13 active listings.
Is Portola Valley a buyer's market or a seller's market?
Portola Valley currently reads as a buyer's market. Active inventory works out to about 6.5 months of supply at the recent sales pace.
How fast do homes sell in Portola Valley?
Homes that closed in the last 90 days typically went under contract in about 52 days. The average home currently for sale has been on the market for 151 days.
Are home prices in Portola Valley going up or down?
The median sale price in Portola Valley is down about 15.3% compared with a year ago.
How many homes are for sale in Portola Valley, CA?
There are 13 homes for sale in Portola Valley right now.