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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Palo Alto, CA Housing Market
Strong seller's market+1.7% YoY
Zillow, July 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, August 2026 · Refreshes weekly
The typical home in Palo Alto, CA is worth $3.60M, rose 1.7% over the past year (Zillow Home Value Index, July 2026). The last median sale price Redfin published was $3.61M, -1.0% year over year (through May 2026). With 1.0 months of supply and homes going under contract in about 14 days, Palo Alto is a strong seller's market. At today's 6.66% 30-year fixed rate, 20% down on a $3.60M home is about $18,504/mo in principal and interest.
Key numbers for Palo Alto, CA
Typical home value
$3.60M
+1.7% in 12 months
Zillow, July 2026
Typical asking rent
$4,501/mo
Zillow Observed Rent Index
Zillow, July 2026
Median sale price
$3.61M
-1.0% year over year
Redfin, through May 2026
Days on market
14
Fast-moving
Redfin, through May 2026
Active listings
71
1.0 months of supply
Redfin, through May 2026
30-yr fixed rate
6.66%
Freddie Mac weekly average
Freddie Mac via FRED, August 2026
Median household income
$220,408
Home costs 16.3x income
U.S. Census ACS, 2023
Sale-to-list ratio
106.5%
Selling above asking
Redfin, through May 2026
Zillow figures are as of July 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Palo Alto a buyer's or seller's market?
Strong seller's market1.0 months of supply14 days on market106.5% of asking
Palo Alto, CA is a strong seller's market, based on 1.0 months of supply and homes selling in about 14 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Palo Alto housing market data show?
Every row below is Redfin's final published month for Palo Alto, CA. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $3.61M |
| Median list price | $3.32M |
| Year-over-year price change | -1.0% |
| Median days on market | 14 days |
| Active inventory | 71 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 106.5% |
| Homes sold (that month) | 68 |
| New listings (that month) | 52 |
| Listings with a price cut | 26.8% |
| Market condition | Strong seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Palo Alto is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Palo Alto is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Palo Alto home prices moved?
Over the last three years the median sale price in Palo Alto, CA rose 9.4%, from $3.30M to $3.61M. The live Zillow value series has rose 1.7% in the last 12 months, which is the more current read now that Redfin's series has stopped. 26.8% of Palo Alto listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 1.0 months while the sale-to-list ratio slips below its current 106.5%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Palo Alto?
Priced off the typical home value of $3.60M at the current 6.66% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $719,865 | $2.88M | $18,504/mo |
| 5% | $179,966 | $3.42M | $21,974/mo |
Zillow, July 2026 for the price · Freddie Mac via FRED, August 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $18,504, that implies roughly $793,036 a year before you add taxes and insurance. The median household in Palo Alto earns $220,408, about $572,628 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 16.3x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Palo Alto in the next 12 months?
Tell us your timeline. We send the Palo Alto market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Palo Alto?
Typical asking rent in Palo Alto, CA is $4,501/mo, against a typical home value of $3.60M. That is a price-to-rent ratio of 66.6x, which means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Compared head to head, 20% down puts principal and interest at $18,504 a month — $14,004 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, July 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Palo Alto?
Active listings in Palo Alto, CA went from 81 in May 2025 to 71 in May 2026, a -12.3% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 87 | 52 |
| July 2025 | 80 | 56 |
| August 2025 | 63 | 50 |
| September 2025 | 62 | 55 |
| October 2025 | 70 | 59 |
| November 2025 | 50 | 24 |
| December 2025 | 29 | 20 |
| January 2026 | 56 | 63 |
| February 2026 | 72 | 55 |
| March 2026 | 77 | 72 |
| April 2026 | 73 | 84 |
| May 2026 | 71 | 52 |
Redfin, through May 2026
How does Palo Alto compare to California and the U.S.?
Palo Alto homes sell for $3.61M — 307% above the California median of $887,400. Against the national median of $410,700, Palo Alto runs 779% higher. Year-over-year, Palo Alto moved -1.0% against California's +3.4% — a smaller swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Palo Alto, CA | $3.61M | -1.0% | 14 days |
| California statewide | $887,400 | +3.4% | 33 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Palo Alto
What buyers should watch
- Months of supply, currently 1.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 26.8%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $3,470 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 6.66%, every full point of rate change moves the payment on a $3.60M home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Palo Alto listing goes under contract in 14 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 106.5% of asking. Price at the number you want and let competition do the rest.
- In the last published month Palo Alto added 52 new listings against 68 sales — more clearing than arriving, which is the better window to list.
- Your equity moved +1.7% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Palo Alto varies more than the citywide median suggests — check the ZIP pages below before you set a number.
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%
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. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $4.30M | not published | 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 |
Who lives in Palo Alto?
American Community Survey estimates for Palo Alto. U.S. Census ACS, 2023
Population
67,231
Households
26,054
Median income
$220,408/yr
Median age
42.5 years
Owner-occupied
54.2%
Median home value
$2.00M
Median gross rent
$3,328/mo
Mean commute
22.9 min
54.2% of occupied homes in Palo Alto are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $2.00M against Zillow's $3.60M typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $3,328/mo, below Zillow's $4,501/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
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?
Ordered by distance from Palo Alto, not by size. Compare Palo Alto side by side with any of them.
Which ZIP codes are in Palo Alto?
These are the ZIP codes we see on active Palo Alto listings. Redfin did not publish a matching ZIP-level sale row for the same period, so we are not ranking them by price here — each ZIP page shows exactly what we hold for it.
Palo Alto housing market FAQ
Is Palo Alto a buyer's or seller's market?
Palo Alto, CA is currently a strong seller's market. That read comes from 1.0 months of supply, homes going under contract in about 14 days, and sellers getting 106.5% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Palo Alto?
The typical home in Palo Alto, CA is worth $3.60M (Zillow Home Value Index, July 2026). The median sale price in the last month Redfin published was $3.61M.
Is Palo Alto cheaper than the rest of California?
Palo Alto's median sale price of $3.61M is 307% higher than the California statewide median of $887,400, and 779% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Palo Alto?
Homes in Palo Alto, CA spent a median of 14 days on market before going under contract, versus 33 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in Palo Alto?
At the current 30-year fixed rate of 6.66%, 20% down on a $3.60M home is about $18,504 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $793,036 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $220,408.
Are home prices rising in Palo Alto?
The typical home value in Palo Alto, CA rose 1.7% over the last 12 months, from $3.54M to $3.60M (Zillow, July 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Palo Alto?
Palo Alto ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Palo Alto?
That depends on your timeline, not on a headline. What the data says today: Palo Alto, CA is a strong seller's market with 1.0 months of supply, the 30-year fixed rate is 6.66%, and the price-to-rent ratio of 66.6x means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Properties Incorporated publishes the data; it does not give financial advice.
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