Altos Market Data for Realtors

Palo Alto, CA

Single-Family Homes

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Palo Alto, CA

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. Click here to stay informed with the Palo Alto market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Palo Alto, CA

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. Click here to stay informed with the Palo Alto market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Palo Alto 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.

Market Segments

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