Is Atherton, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Atherton was a Buyer's Market.
Key Takeaway
Atherton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Atherton, CA
How much do homes in Atherton, CA cost?
Median Sold Price
$7,600,000
$1,856/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Atherton has remained the same since last year.
Summary: The median home sold price in Atherton was $7,600,000 in May 2024, up 0.5% from last year, and the median price per square foot was $1,856.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $3.3M | $2.0M | -37.9% |
| 3 Bedrooms | $4.0M | $5.4M | +32.4% |
| 4 Bedrooms | $5.3M | $7.1M | +33.7% |
| 5+ Bedrooms | $11.6M | $10.0M | -14.2% |
Summary: Atherton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 37.9%, 3 bedroom homes increased by 32.4%, 4 bedroom homes increased by 33.7%, and 5+ bedroom homes decreased by 14.2%.
Median Sold Price Compared To Nearby Cities
| Redwood City | $1.7M | $1.8M | +4.7% |
| Atherton | $7.5M | $7.6M | 0.5% |
| Menlo Park | $2.6M | $2.5M | -2.6% |
| Woodside | $5.2M | $4.9M | -4.6% |
Housing Supply in Atherton, CA
How many homes are available in Atherton, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 46 | 42 | -8.7% |
Summary: The Atherton real estate market had 42 homes for sale in May 2024, a 8.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 10 | 6 | -40.0% |
| 5+ Bedrooms | 33 | 33 | 0.0% |
Summary: The Atherton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Atherton, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Atherton in May 2024, the same as the previous month. Of the 10 sold homes, 30% were sold under asking, 10% were sold at asking, and 60% were sold over asking.
Days on Market for Atherton, CA
How long does it take to sell a home in Atherton, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 34 Days | 17 Days | -49.2% |
Summary: Homes in Atherton had an average of 17 days on market in May 2024, down by 49.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Atherton are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Atherton; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.