Palo Alto housing prices have seen an increase of 1.5% over the last thirty days compared to the previous six months. The average house price over the last month is $2,927,553. Below you’ll find numerous charts and graphs breaking down real estate market trends in Palo Alto.

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Recent TrendsPrevious 30 DaysPrevious 180 Days% ChangeYear Over Year
Average Sales Price$2,927,553$2,883,3631.5%9.0%
Average List Price$2,804,939$2,777,1981.0%6.5%
Sales Price vs List Price104%103%1.0%3.0%
Avg Days on Market2124-12.5%-27.6%
Avg Homes Sold Per Month1308553.5%50.4%

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 EndAverage EndHigh End
Avg Sq Ft Range385 - 1565 sq ft1566 - 2949 sq ft2950 - 13910 sq ft
Avg Sold Price$1,862,000$3,390,000$12,400,000
Avg Price Per Sq Ft$1909$1531$1470

Data is from the previous 90 days and pulled directly from the MLS.

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The median sales price for homes in Palo Alto over the last 30 days is

$2,850,000 

Median List Price

$2.7M 

Average Days on Market

21

Median Sq Ft

2,363 

Average Price per Sq Ft

$1151


Data is pulled directly from the MLS and is comparing the last 30 days to the previous 12 months average.

Want to view real estate prices in a specific Palo Alto neighborhood? Click the + sign and choose your neighborhood.

Median List Price vs Median Sold Price in Palo Alto over the last 12 months

Hover over a candlestick to see the median sales price and the median list price for any given month

Recent Homes Sold in Palo Alto

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Housing Prices in Palo Alto

# of Homes Sold

334 

Median Sold Price for 2BR

$1.1M 

Median Sold Price for 3BR

$2.4M 

Median Sold Price for 4+BR

$3.0M 

# of Condos/Townhomes Sold

33 

Median Sold Price of Condos/Townhomes

$1.4M 

Dollar amounts are calculated based upon median values of all sold listings over the last 90 days and updated daily.

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Sold Price vs Days on Market for Palo Alto Over the Previous 12 Months

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Palo Alto house prices have seen a median sales price of $2,770,000 over the last 90 days - a 8.6% increase in comparison to the previous twelve months. In the same 90 days, 367 properties have closed escrow in the area, 334 of which were single family residences, and the remaining 33 of which were condos or townhomes. The single family residences in Palo Alto had an average list price of $2,807,993 and were on the market for 20 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 2276, with the average price per square foot sitting at $1182. The median sold price for a three bedroom home in the area was $2,400,000, compared with $2,983,000 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 103%, which is -1% 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 140 single family residences for sale in Palo Alto in addition to 12 condos and townhomes, all of which are averaging 64 days on the market. Of the single family residences, the average list price is sitting at $4,684,497 – 67% more than the sold prices of the past 90 days. Regarding the condos and townhomes, an average list price of $2,289,000 means that prices are sitting at 65% 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.

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