1 / 34
Price cut: $400,000 (4/30)
VIRTUAL TOUR
$3,850,000FOR SALE
4 beds · 5 baths · 3,380 sqft
Coldwell Banker Realty
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13 homes in 94028
Homes for Sale in 94028
Portola Valley, CA
141 Lake Road, Portola Valley, CA 94028
1 / 20
Price cut: $100,000 (8/17)
VIRTUAL TOUR
$3,395,000FOR SALE
3 beds · 2 baths · 1,870 sqft
Compass
1 / 13
Price cut: $996,000 (12/30)
$4,999,000FOR SALE
6 beds · 6 baths · 6,800 sqft
Compass
1 / 20
VIDEO TOUR
$4,288,000FOR SALE
5 beds · 4 baths · 2,940 sqft
Modern Homes Realty
1 / 59
Price cut: $780,000 (4/14)
VIDEO TOUR
$7,495,000FOR SALE
5 beds · 8 baths · 6,620 sqft
Coldwell Banker Realty
1 / 20
Price cut: $100,000 (5/16)
OPEN SUNDAY, 9PM - 11PM
$1,749,000FOR SALE
2 beds · 2 baths · 1,205 sqft
Compass
1 / 20
OPEN SATURDAY, 9PM - 11PM
VIRTUAL TOUR
$3,695,000FOR SALE
3 beds · 3 baths · 3,490 sqft
Coldwell Banker Realty
1 / 20
$3,500,000FOR SALE
4 beds · 4 baths · 2,960 sqft
Gilmartin Group
1 / 20
OPEN SUNDAY, 8:30PM - 11:30PM
VIDEO TOUR
$5,988,000FOR SALE
5 beds · 4 baths · 3,740 sqft
Deleon Realty
1 / 12
$2,595,000FOR SALE
2 beds · 1 baths · 870 sqft
Coldwell Banker Realty
1 / 58
VIDEO TOUR
$8,748,000FOR SALE
5 beds · 8 baths · 7,180 sqft
Coldwell Banker Realty
1 / 118
$7,998,000FOR SALE
6 beds · 6 baths · 4,175 sqft
Coldwell Banker Realty
1 / 11
VIDEO TOUR
$1,988,000FOR SALE
5 beds · 5 baths · 4,230 sqft
Compass
About 94028 Real Estate
About Portola Valley: The 94028 ZIP code is in Portola Valley, CA. Portola Valley is an affluent town in San Mateo County, California, United States. As of the 2020 census, the town had a population of 4,456. Located on the San Francisco Peninsula in the Bay Area, the community is nestled on the eastern slopes of the Santa Cruz Mountains.
Today, the 94028 area has 13 homes for sale with a median listing price of $3.9M. The average price per square foot is $1397.
94028 Area Market Pulse
Topfind Market Read
Buyers hold the edge right now. The typical home takes about 152 days to sell, and 6.5 months of supply is more than current demand absorbs. At the same time, selling times have improved 62% versus six months ago, and sale prices are up 3% over the last six months, though still 22% below a year 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.
Buyer leverageBalancedSeller leverage
Median Home Price
$3.85M
↓ 22% over the past yearChart shows the median closed sale price by month
$6.5M$5.1M$3.8M$2.4M
Sep 25
Dec 25
Mar 26
Jun 26
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.
Tight (<3 mo)
Balanced (3 to 6 mo)
Ample (6+ mo)
6.5
0369+
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 ~152 days.
● Tight: strong demand● Balanced: steady pace● Ample: more choice
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.
● <30d: Fast● 30-45d: Steady● 45d+: Slower
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.
New
Active
Aging
Stale
Under 30 days → competitive, act quicklyOver 60 days → potential negotiation opportunities
Housing Tenure in 94028 Area
Homeownership is significantly higher than average, making this a homeowner-dominated market with more long-term residents.
HomeownersRenters
84%
Homeowners
16%
Renters
Homeownership is 28.5 points higher than the California average (55.5%)
Higher ownership rates often reflect more stable neighborhoods and longer-term residents.
1,730 households (2023)
Median Price by Bedroom
Home prices rise significantly with each additional bedroom.
2 Bed$2.2M
3 Bed$3.5M
4 Bed$3.7M
5 Bed$5.7M
6 Bed$6.5M
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
6 listings have reduced their price
46% of active listings
Average reduction: 8.5% (~$327K)
A sizable share of sellers have trimmed their asking price. Those listings are the clearest place to negotiate.
Explore Nearby Cities
Browse homes for sale in cities near Portola Valley
Frequently Asked Questions about Homes for Sale in 94028, CA
How many homes are for sale in 94028, CA?
There are currently 13 homes for sale in 94028, ranging from $1,749,000 to $8,748,000.
What is the median home price in 94028?
The median list price in 94028 is $3,850,000. Price per square foot averages $1397. Prices are down 22.3% compared to a year ago.
How fast do homes sell in 94028?
Homes in 94028 currently average 152 days on the market, a slower pace that gives buyers more time to evaluate and negotiate.
Looking for a home in 94028?
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