Palo Alto housing prices have seen a decrease of -0.9% over the last thirty days compared to the previous six months. The average house price over the last month is $2,826,263. Below you’ll find numerous charts and graphs breaking down real estate market trends in Palo Alto.
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|Recent Trends||Previous 30 Days||Previous 180 Days||% Change||Year Over Year|
|Average Sales Price||$2,826,263||$2,852,000||-0.9%||5.4%|
|Average List Price||$2,662,311||$2,738,229||-2.8%||0.2%|
|Sales Price vs List Price||106%||104%||1.9%||6.0%|
|Avg Days on Market||21||22||-4.5%||-19.2%|
|Avg Homes Sold Per Month||89||101||-12.2%||4.3%|
Want to view real estate prices in a specific Palo Alto neighborhood? Click the + sign and choose your neighborhood.
Below you’ll see a comparison between the square footage and price per square foot for each Palo Alto house price over the last 180 days. Hover over a point to see more information about each home that sold.
Properties in Palo Alto can be divided into three categories: small interior square footage, average interior square footage, and the higher end of interior square footage. This data can give you a rough overview on which bucket your home may fall into with Palo Alto home prices.
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|Low End||Average End||High End|
|Avg Sq Ft Range||1 - 1386 sq ft||1387 - 2844 sq ft||2845 - 8491 sq ft|
|Avg Sold Price||$2,500,000||$4,800,000||$8,200,000|
|Avg Price Per Sq Ft||$3607||$2460||$1446|
Data is from the previous 90 days and pulled directly from the MLS.
Median List Price
Average Days on Market
Median Sq Ft
Average Price per Sq Ft
Data is pulled directly from the MLS and is comparing the last 30 days to the previous 12 months average.
Hover over a candlestick to see the median sales price and the median list price for any given month
# of Homes Sold
Median Sold Price for 2BR
Median Sold Price for 3BR
Median Sold Price for 4+BR
# of Condos/Townhomes Sold
Median Sold Price of Condos/Townhomes
Dollar amounts are calculated based upon median values of all sold listings over the last 90 days and updated daily.
Palo Alto house prices have seen a median sales price of $2,735,000 over the last 90 days - a 3.2% increase in comparison to the previous twelve months. In the same 90 days, 312 properties have closed escrow in the area, 268 of which were single family residences, and the remaining 44 of which were condos or townhomes. The single family residences in Palo Alto had an average list price of $2,687,971 and were on the market for 25 days on average, with a sold to list price ratio of 104% in the past 90 days. In terms of size, the median square footage for single family residences was 2067, with the average price per square foot sitting at $1176. The median sold price for a three bedroom home in the area was $2,175,000, compared with $2,835,000 for a four bedroom. Over the last 180 days, housing prices in Palo Alto had a median sold to list price ratio for single family residences of 104%, which is 0% less compared to the past 90 days. This shows a slightly upward trend in the Palo Alto real estate market.
According to the MLS, there are currently 142 single family residences for sale in Palo Alto in addition to 8 condos and townhomes, all of which are averaging 73 days on the market. Of the single family residences, the average list price is sitting at $4,875,794 – 81% more than the sold prices of the past 90 days. Regarding the condos and townhomes, an average list price of $1,909,666 means that prices are sitting at 38% more compared to the past 90 days.
Palo Alto has approximately 33,935 households, with the average home built around around 1961. Of all of the households found in Palo Alto today, roughly 51% are married and 36% have children, with an average income of $149,450 and about 24% of residents possessing a bachelor’s degree.