Single-Family Homes
Tue Jan 21 2025
This week the median list price for Palo Alto, CA is $6,499,000 with the market action index hovering around 51. This is less than last month's market action index of 56. Inventory has held steady at or around 21.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Median List Price | $6,499,000 | |
Median Price of New Listings | $4,899,000 | |
Per Square Foot | $2,020 | |
Average Days on Market | 230 | |
Median Days on Market | 105 | |
Price Decreased | 14% | |
Price Increased | 5% | |
Relisted | 10% | |
Inventory | 21 | |
Median Rent | ||
Market Action | 51 | |
Strong Seller's Market |
Price trends continued their recent uptrend this week. While still below the market’s price high-point, we’ve seen a nice run recently.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$14,388,000 | 5,540 | 0.25 - 0.5 acre | 5 | 6 | 19 | 0 | 0 | 252 |
$7,988,000 | 4,300 | 0.25 - 0.5 acre | 6 | 5 | 5 | 1 | 0 | 154 |
$5,800,000 | 2,861 | 6,500 - 8,000 sqft | 4 | 5 | 2 | 2 | 0 | 35 |
$3,485,000 | 1,586 | 4,500 - 6,500 sqft | 3 | 2 | NaN | 3 | 0 | 42 |