New Listing
28
$2,198,000
577 Green Manor Ct
Palo Alto, CA 94301
2 bd1 ba880 sqft$2498/ft²
House6,944 sqft lot
Bobby Ohadi · Abode Real Estate
View photos & details
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Sarah Mitchell
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Compass Real Estate · Palo Alto, CA
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Palo Alto, CA(512) 555-0184TX License #0512847
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Palo Alto, CA Housing Market & Real Estate
Strong seller's market-1.0% YoY
Housing market overview · Updated monthly ·
$3.61Mmedian sale price
How is the Palo Alto, CA housing market right now?
The median home sale price in Palo Alto, CA is $3.61M, down 1.0% year-over-year. Homes sell in an average of 14 days with 71 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Palo Alto a buyer's or seller's market?
Strong seller's market1.0 months of supply14 avg. days on market
Palo Alto, CA is currently a strong seller's market, based on 1.0 months of supply and homes selling in about 14 days. How we determine this →
Homes sold
68
Last 12 weeks
Days on market
14
Fast-moving
Active listings
71
1.0 months supply
Sale-to-list
106.5%
Above asking
What does the Palo Alto housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $3.61M |
| Median list price | $3.32M |
| Year-over-year price change | -1.0% |
| Average days on market | 14 days |
| Active inventory | 71 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 106.5% |
| Homes sold (latest month) | 68 |
| New listings (latest month) | 52 |
| Listings with a price cut | 26.8% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Palo Alto by property type?
How the Palo Alto, CA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $4.30M | — | 53 | 11 days |
| Condo / Co-op | $1.39M | $1,035/sq ft | 11 | 21 days |
| Townhouse | $1.85M | $1,146/sq ft | 4 | 37 days |
Source: Redfin · Updated monthly
The Palo Alto housing market is currently classified as a strong seller's market with a median sale price of $3.61M. Prices have fallen 1.0% compared to last year, with homes spending an average of 14 days on market, indicating 1.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 16.7x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Palo Alto
There are currently 71 homes listed for sale in Palo Alto, California. The median listing price is $3.3M. Featured listings range from $2,198,000 to $7,350,000.
New Listing
19
$2,488,000
331 Carolina Ln
Palo Alto, CA 94306
4 bd2 ba1,374 sqft$1811/ft²
House6,325 sqft lot
DeLeon Team · Deleon Realty
View photos & details
New Listing
32
$2,988,000
4134 Wilkie Way
Palo Alto, CA 94306
3 bd2 ba1,619 sqft$1846/ft²
House6,032 sqft lot
Heather Green · Illuminate Properties
View photos & details
New Listing
58
$3,107,000
125 Webster St
Palo Alto, CA 94301
3 bd1 ba1,456 sqft$2134/ft²
House5,600 sqft lot
Jen Sullivan · Compass
View photos & details
New Listing
32
$3,249,000
785 LA Para Ave
Palo Alto, CA 94306
3 bd2 ba1,392 sqft$2334/ft²
House5,236 sqft lot
Sheila McIntyre · Coldwell Banker Realty
View photos & details
New Listing
30
$3,298,000
2704 Louis Rd
Palo Alto, CA 94303
3 bd2 ba1,305 sqft$2527/ft²
House7,626 sqft lot
Julie Tsai Law · Compass
View photos & details
New Listing
32
$3,380,000
1914 Channing Ave
Palo Alto, CA 94303
3 bd2 ba1,660 sqft$2036/ft²
House6,691 sqft lot
Ying Wei · Goodview Financial & Real Estate
View photos & details
New Listing
35
$3,695,000
810 Arroyo Ct
Palo Alto, CA 94306
5 bd4 ba2,953 sqft$1251/ft²
House9,154 sqft lot
Zach Trailer · Compass
View photos & details
New Listing
24
$3,698,000
2518 South Ct
Palo Alto, CA 94301
3 bd2 ba1,452 sqft$2547/ft²
House6,431 sqft lot
Adela Gildo-Mazzon · Compass
View photos & details
New Listing
19
$4,195,000
618 Wildwood Ln
Palo Alto, CA 94303
4 bd3 ba2,309 sqft$1817/ft²
House6,664 sqft lot
Nicole Aron · Compass
View photos & details
New Listing
29
$4,788,000
1121 Harriet St
Palo Alto, CA 94301
4 bd3 ba2,382 sqft$2010/ft²
House7,754 sqft lot
Colleen Wallau · eXp Realty of California Inc
View photos & details
New Listing
21
$7,350,000
1385 Dana Ave
Palo Alto, CA 94301
4 bd4 ba2,922 sqft$2515/ft²
House7,935 sqft lot
Judy Citron · Compass
View photos & details
Looking to buy in Palo Alto?
Get connected with a local real estate expert — free, no obligation.
Active listings
71
Homes on market
Median list price
$3.3M
Avg. days on market
14
Days until sale
New this week
52
Newly listed
Price drops:26.8%of listings
Sale-to-list:106.5%
Who lives in Palo Alto?
Population
67,231
Median income
$220,408/yr
Median age
42.5 years
Owner-occupied
54.2%
College grads
82.4%
Avg commute
22.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Palo Alto?
Zillow home value
$3.68M
Zillow rent index
$4,037/mo
Price-to-rent ratio
75.9x
Price-to-income
16.7x
Source: Zillow Research
What is it like to live in Palo Alto?
Palo Alto is a community of approximately 67K residents with a median age of 42.5 years.The median household income is $220,408, which reflects a relatively affluent area with strong earning potential. 82.4% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 54.2%, showing a blend of owner and renter-occupied properties. The average commute time is 22.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Palo Alto offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Palo Alto?
17 schools tracked · 9,440 students
The largest public schools serving Palo Alto, CA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Palo Alto High
Grades 9-12 · 1,932 students
Henry M. Gunn High
Grades 9-12 · 1,713 students
Jane Lathrop Stanford Middle
Grades 6-8 · 1,025 students
Frank S. Greene Jr. Middle
Grades 6-8 · 760 students
Ellen Fletcher Middle
Grades 6-8 · 549 students
Ohlone Elementary
Grades K-5 · 448 students
Fairmeadow Elementary
Grades K-5 · 441 students
Herbert Hoover Elementary
Grades K-5 · 386 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Palo Alto, CA?
Want a head-to-head view? Compare Palo Alto side-by-side with any other U.S. city using our market-comparison tool.
Which ZIP codes are in Palo Alto?
Is Palo Alto a good real estate investment market?
For investors evaluating Palo Alto, the price-to-rent ratio of 75.9x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 1.0% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Palo Alto's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Palo Alto's median home price.
Frequently asked questions
What is the average home price in Palo Alto?
The median home sale price in Palo Alto is $3.61M, down 1.0% from last year.
How long do homes stay on market in Palo Alto?
Homes typically spend 14 days on market before going under contract.
What is the median income in Palo Alto?
The median household income is $220,408 per year.
Is Palo Alto a buyer's or seller's market?
With 1.0 months of supply, Palo Alto is currently a strong seller's market.
How many homes are for sale in Palo Alto?
There are currently 71 homes listed for sale in Palo Alto, CA.
What is the Zillow home value estimate for Palo Alto?
The Zillow Home Value Index (ZHVI) for Palo Alto is $3.68M, representing the typical home value in the area.
What is the median condo price in Palo Alto?
The median condo/co-op sale price in Palo Alto, CA is $1.39M, compared to $4.30M for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Palo Alto?
The median single-family home price in Palo Alto, CA is $4.30M.
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