About 94306
If you don’t already have a favorite part of northern
Santa Clara County, come discover the charming town of Palo Alto where culture meets industry, creating one big city with a great big personality to match. With a population of 61,000 residents, the case for Palo Alto real estate is no small matter. Known as the "Birthplace of the Silicon Valley," this affluent city is recognized as a leader in cutting-edge technological development with ties to Stanford University. Palo Alto also boasts some of the best schools
Santa Clara County has to offer. Palo Alto has an impressive 34 city-owned parks and nearly one-third of the city’s 26 square miles is open space. Palo Alto is easily accessible by all major highways, including interstate 280, Highway 101, Highway 84 (Dumbarton Bridge) and Highway 92 (Hayward –
San Mateo Bridge). Commuting across the bay has never been easier with the abundant transportation options offered for Palo Alto real estate, including CalTrain, B.A.R.T., and the Marguerite Shuttle, a free public shuttle service provided by Stanford. The Marguerite shuttle can transport you around campus or take you to the downtown district, characterized by tree-lined streets and some of the best shops and restaurants in the Silicon Valley. Enhance your Palo Alto
homes search by adding the nearby cities of
Monte Sereno,
Mountain View and
Sunnyvale to your search, and don’t forget to
Find An Agent to help you navigate the market.
REAL ESTATE MARKET STATISTICS
Location: 94306
Geography Type: Zip
Data Period: Feb 2026
Source: MLSListings (www.mlslistings.com) Provided by Aculist
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SINGLE FAMILY HOMES
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Median Sale Price: $3,478,000 (-2.0% YoY)
Average Sale Price: $4,145,600
Active Listings: 9
New Listings: 12
Pending Sales: 7
Closed Sales: 10
Median Days on Market: 8 days
Average Days on Market: 20 days
Median Price/SqFt: $1,895
Average Price/SqFt: $1,802
Sale-to-List Ratio: 103%
Months of Inventory: 1.3
Total Sale Volume: $41,456,000
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CONDOS & TOWNHOMES (ATTACHED HOMES)
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Median Sale Price: $1,601,375
Average Sale Price: $1,610,775
Active Listings: 21
New Listings: 12
Pending Sales: 4
Closed Sales: 10
Median Days on Market: 22 days
Average Days on Market: 52 days
Median Price/SqFt: $1,087
Average Price/SqFt: $1,113
Sale-to-List Ratio: 106%
Months of Inventory: 2.4
Total Sale Volume: $16,107,750
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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 3% over asking price on average.
• FAST-MOVING: Median 2 weeks or less on market indicates high demand.
Apr 2024 – Feb 2026
Single-family homes in 94306 have a median sale price of $3,478,000, up 6.8% over the past 3 months. There are 9 active listings, and 10 homes sold last month, with a median of 8 days on market. Condos and townhomes average $1,601,375, with 21 currently available. The price per square foot is $1,895 for single-family homes versus $1,087 for attached homes.
Median Sale Price Trends
Single Family Homes
Condos & Townhomes