About Palo Alto
Located in the northern part of
Santa Clara County, the City of Palo Alto has a beautiful blend of both tradition and modernism making for an undeniable charm coveted by residents and visitors alike. A close tie with Stanford University, helps Palo Alto understands the importance of a good education and is known for its high quality options for both private and public schools. Palo Alto is neighbored by cities like
Menlo Park and
Mountain View and helps make up the high-tech Silicon Valley. Companies like Hewlett-Packard, Sun Microsystems, and Pinterest all have had offices in Palo Alto. The city’s CalTrain station is one of the most frequented in the Bay Area, and Stanford’s free Marguerite Shuttle service connects riders to various locations around campus as well as local shopping and dining districts. This city’s charm also attracts thousands of visitors to its vibrant downtown area, which is home to some of the best shopping and dining options in Silicon Valley. Nearly one-third of the city’s 26 square miles is set aside as open space, containing more than 30 city-owned parks. Combined with the tree-lined residential districts of Palo Alto homes and Palo Alto rental apartments, this city has a distinct historic charm while still being a very modern town. Enhance your Palo Alto real estate search by adding by zip codes
94301,
94303, or
94306, and
Find an Agent to help find your perfect Palo Alto home.
REAL ESTATE MARKET STATISTICS
Location: Palo Alto
Geography Type: City
Data Period: May 2026
Source: MLSListings (www.mlslistings.com) Provided by Aculist
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SINGLE FAMILY HOMES
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Median Sale Price: $4,200,000 (4.6% YoY)
Average Sale Price: $5,283,490
Active Listings: 36
New Listings: 38
Pending Sales: 20
Closed Sales: 55
Median Days on Market: 8 days
Average Days on Market: 19 days
Median Price/SqFt: $2,356
Average Price/SqFt: $2,305
Sale-to-List Ratio: 108%
Months of Inventory: 0.9
Total Sale Volume: $290,591,975
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CONDOS & TOWNHOMES (ATTACHED HOMES)
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Median Sale Price: $1,478,750
Average Sale Price: $1,506,580
Active Listings: 34
New Listings: 18
Pending Sales: 4
Closed Sales: 16
Median Days on Market: 28 days
Average Days on Market: 28 days
Median Price/SqFt: $1,030
Average Price/SqFt: $1,051
Sale-to-List Ratio: 99%
Months of Inventory: 2.7
Total Sale Volume: $24,105,290
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MARKET INTERPRETATION
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• SELLER'S MARKET: Less than 3 months of inventory indicates strong demand and competitive conditions for buyers.
• COMPETITIVE BIDDING: Homes selling at 8% over asking price on average.
• FAST-MOVING: Median 2 weeks or less on market indicates high demand.
Jul 2024 – May 2026
Single-family homes in Palo Alto have a median sale price of $4,200,000, down 8.4% over the past 3 months. There are 36 active listings, and 55 homes sold last month, with a median of 8 days on market. Condos and townhomes average $1,478,750, with 34 currently available. The price per square foot is $2,356 for single-family homes versus $1,030 for attached homes.
Median Sale Price Trends
Single Family Homes
Condos & Townhomes