Atherton, CA Real Estate Listings & Homes for Sale

In October 2024, Atherton's home prices saw a significant year-over-year increase of 18.8%, with the median sale price reaching $8.7 million. Despite the rise in prices, the market has slowed, with homes taking an average of 92 days to sell compared to just 24 days in October 2023. This longer time on the market may indicate that buyers are exercising more caution or that high price points are extending the sales process. Interestingly, the number of homes sold increased to 14 this October, up from 9 last year, suggesting that demand remains strong despite the market's slower pace. These trends highlight Atherton's continued appeal as a luxury market, though buyers and sellers alike are navigating changing dynamics.

The Atherton housing market is moderately competitive, with homes typically selling within 47 days. While some properties receive multiple offers, the average home sells for about 2% below the listing price and goes pending in approximately 47 days. However, "hot" homes—those in high demand—can sell at or near the list price and go pending in as little as 12 days, showcasing the market's variability based on property appeal and buyer interest.

As of November 2024, Atherton, CA, is firmly a seller's market, meaning demand for homes exceeds the available supply. This creates favorable conditions for sellers, often resulting in competitive offers and quicker sales, making it an opportune time to list a property in this prestigious area.