Palo Alto housing prices have seen a decrease of -8.7% over the last thirty days compared to the previous six months. The average house price over the last month is $2,599,232. 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||% ChangeOver 6 Months||Year Over Year|
|Average Sales Price||$2,599,232||$2,847,871||-8.7%||-14.3%|
|Average List Price||$2,536,018||$2,805,365||-9.6%||-12.9%|
|Sales Price vs List Price||102%||101%||1.0%||-1.9%|
|Avg Days on Market||42||36||16.7%||55.6%|
|Avg Homes Sold Per Month||44||61||-28.1%||-44.5%|
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||667 - 1340 sq ft||1341 - 2774 sq ft||2775 - 7555 sq ft|
|Avg Sold Price||$975,000||$3,250,000||$6,800,000|
|Avg Price Per Sq Ft||$972||$1741||$1316|
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.
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Palo Alto house prices have seen a median sales price of $2,550,000 over the last 90 days - a -13.6% decrease in comparison to the previous twelve months. In the same 90 days, 158 properties have closed escrow in the area, 137 of which were single family residences, and the remaining 21 of which were condos or townhomes. The single family residences in Palo Alto had an average list price of $2,599,815 and were on the market for 45 days on average, with a sold to list price ratio of 99% in the past 90 days. In terms of size, the median square footage for single family residences was 2000, with the average price per square foot sitting at $1139. The median sold price for a three bedroom home in the area was $2,000,000, compared with $2,600,000 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 101%, which is 2% more compared to the past 90 days. This shows a slightly downward trend in the Palo Alto real estate market.
According to the MLS, there are currently 199 single family residences for sale in Palo Alto in addition to 13 condos and townhomes, all of which are averaging 65 days on the market. Of the single family residences, the average list price is sitting at $4,690,784 – 80% more than the sold prices of the past 90 days. Regarding the condos and townhomes, an average list price of $1,588,000 means that prices are sitting at 5% 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.