$1M over-asking still isn’t bringing more homes to market on the Midpeninsula

Home prices climbed 8% in Palo Alto, 9% in Menlo Park and 17% in Atherton during the first eight months of 2026, even as the number of homes for sale remained largely unchanged. In Atherton, nearly 1 in 5 homes sold for more than $1 million above asking. Find out which Midpeninsula markets saw the biggest price gains and most activity.