Portola Valley, CA Real Estate Listings & Homes for Sale

In June 2025, the Portola Valley housing market showed contrasting trends, with home prices down 31.8% year-over-year, selling for a median price of $3.0M, suggesting a shift toward lower overall transaction values. However, the median price per square foot rose 42.8% to $1.67K, indicating sustained demand for high-quality or updated properties. Homes are selling in an average of 46 days, with final sale prices averaging about 1.2% below list price, reflecting moderate negotiation room. With only five homes sold during the month, the market remains exclusive, catering to a selective pool of luxury buyers.

Portola Valley is somewhat competitive, with homes selling in an average of 46 days, reflecting steady buyer interest in this luxury market. Some properties receive multiple offers, though most sell for about 1% below list price, giving buyers slight negotiating room. However, hot homes—typically well-priced or highly desirable—can sell for about 1% above asking price and go pending in as little as 11 days, indicating that premium properties continue to attract strong competition despite the overall slower market pace.

Portola Valley, CA is a seller’s market in June 2025, meaning buyer demand exceeds the available supply of homes, creating favorable conditions for sellers. Well-priced and desirable properties are attracting strong interest, with some receiving multiple offers and going pending quickly, particularly in the luxury segment. While the overall median price has declined, the significant rise in price per square foot suggests that buyers are willing to pay a premium for high-quality or updated homes. Sellers in this market have greater leverage in negotiations, often facing less pressure to make concessions, especially for properties positioned competitively.