Palo Alto• Updated
Market Pulse: Hot 🔥
Palo Alto is currently a Seller's Market. Homes are retaining 105% of their value (Sale Price to List Price Ratio). With 86 active listings and 27 closed sales this month, inventory remains at 3.1 months of supply. Trends over the last half-year show median values moving up by 6%, while Average Days on Market holding steady. Local listings are moving 13 days faster than the Santa Clara average.
Property Type Spotlight
Detached Homes
Entry Level Detached Home Market Trends Median Price Market Trend The average price in the Entry Level Detached Home segment has risen by 18% over the last 6 months. Days On Market Avg. Market Trend Lower is better Days on market for Entry Level Detached Home is decreasing, with homes now staying on market for 43 days on average. Sale Price to List Price Ratio Market Trend Higher is better Lower is better Seller leverage in the Entry Level Detached Home market is strengthening, with the Sale Price to List Price Ratio now at 108%.
| ||||||||||||||||||||
Mid-Market Detached Home Market Trends Median Price Market Trend The average price in the Mid-Market Detached Home segment has softened by 15% over the last 6 months. Days On Market Avg. Market Trend Lower is better Days on market for Mid-Market Detached Home is increasing, with homes now staying on market for 59 days on average. Sale Price to List Price Ratio Market Trend Higher is better Lower is better Seller leverage in the Mid-Market Detached Home market is shifting towards buyers, with the Sale Price to List Price Ratio now at 103%.
| ||||||||||||||||||||
High-End Detached Home Market Trends Median Price Market Trend The average price in the High-End Detached Home segment has risen by 23% over the last 6 months. Days On Market Avg. Market Trend Lower is better Days on market for High-End Detached Home is increasing, with homes now staying on market for 39 days on average. Sale Price to List Price Ratio Market Trend Higher is better Lower is better Seller leverage in the High-End Detached Home market is strengthening, with the Sale Price to List Price Ratio now at 111%.
| ||||||||||||||||||||
Ultra-Luxury Detached Home Market Trends Median Price Market Trend The average price in the Ultra-Luxury Detached Home segment has softened by 48% over the last 3 months. Days On Market Avg. Market Trend Lower is better Days on market for Ultra-Luxury Detached Home is increasing, with homes now staying on market for 18 days on average. Sale Price to List Price Ratio Market Trend Higher is better Lower is better Seller leverage in the Ultra-Luxury Detached Home market is shifting towards buyers, with the Sale Price to List Price Ratio now at 107%.
| ||||||||||||||||||||
Condo/Co-op
Entry Level Condo/Co-op Market Trends Median Price Market Trend Prices in the Entry Level Condo/Co-op tier have stabilized over the last 6 months. Days On Market Avg. Market Trend Lower is better Days on market for Entry Level Condo/Co-op is increasing, with homes now staying on market for 62 days on average. Sale Price to List Price Ratio Market Trend Higher is better Lower is better Seller leverage in the Entry Level Condo/Co-op market is strengthening, with the Sale Price to List Price Ratio now at 102%.
| ||||||||||||||||||||
Townhomes
Entry Level Townhome Market Trends Median Price Market Trend The average price in the Entry Level Townhome segment has softened by 2% over the last 6 months. Days On Market Avg. Market Trend Lower is better Days on market for Entry Level Townhome is increasing, with homes now staying on market for 90 days on average. Sale Price to List Price Ratio Market Trend Higher is better Lower is better Seller leverage in the Entry Level Townhome market is shifting towards buyers, with the Sale Price to List Price Ratio now at 99%.
| ||||||||||||||||||||
Multi-Family (2-4 Unit)
Mid-Market Multi-Family (2-4 Unit) Market Trends Median Price Market Trend The average price in the Mid-Market Multi-Family (2-4 Unit) segment has softened by 25% over the last 2 months. Days On Market Avg. Market Trend Lower is better Days on market for Mid-Market Multi-Family (2-4 Unit) is decreasing, with homes now staying on market for 80 days on average. Sale Price to List Price Ratio Market Trend Higher is better Lower is better Seller leverage in the Mid-Market Multi-Family (2-4 Unit) market is shifting towards buyers, with the Sale Price to List Price Ratio now at 98%.
| ||||||||||||||||||||
Active Inventory Overview
Inventory Breakdown by Segment
| Property Type | Entry Level | High-End | Mid-Market | Ultra-Luxury | Total |
|---|---|---|---|---|---|
| Condo/Co-op | 22 | — | 3 | 1 | 26 |
| Detached Home | 7 | 12 | 14 | 8 | 41 |
| Multi-Family (2-4 Unit) | 1 | 4 | 4 | — | 9 |
| Townhome | 7 | — | 3 | — | 10 |
Market Insights & FAQ
How is the real estate market in Palo Alto performing right now?
The data indicates a active environment in Palo Alto. Inventory is at 3.1 months, meaning a balanced environment with steady turnover. Inventory is balanced but lean, requiring buyers to be decisive.
What are the current pricing trends for Palo Alto real estate?
Currently, $4,326,000 represents the median entry point for Palo Alto. Over the past half-year, values have moved upward by approximately 6% based on regional transaction data.
Are sellers in Palo Alto getting their full asking price?
Sellers hold significant leverage in Palo Alto, with a Sale Price to List Price Ratio of 104.5%. On average, properties are transitioning from active to sold status in 39 days.
How does the Palo Alto market compare to Santa Clara trends?
Palo Alto maintains a distinct profile within the broader Santa Clara region. Median home values are currently 73% higher than the regional average, reflecting the unique demand and inventory dynamics of this specific location.
Who is a top listing agent for Entry Level Detached Home homes in Palo Alto?
If you're selling a Entry Level Detached Home in Palo Alto, the data points to Judy Citron as a standout choice. Their listings in this segment have consistently closed faster than the local average while achieving above-average sale-to-list ratios — a rare combination that directly benefits sellers on both time and final price.
Who is a top listing agent for Mid-Market Condo/Co-op homes in Palo Alto?
Our transaction-level analysis puts David Sunny at the top for Mid-Market Condo/Co-op listings in Palo Alto. The data points to a dual edge here: shorter time on market than is typical for this segment, and sale prices that hold closer to — or above — the asking price compared to local norms.
Who is a top listing agent for High-End Detached Home homes in Palo Alto?
Among agents with recent closings in the High-End Detached Home space, Annie Watson has the strongest performance metrics in Palo Alto. Speed and price retention together are the hardest combination to find in a single agent. Their track record in the High-End Detached Home category in Palo Alto reflects both.
Who is a top listing agent for Mid-Market Detached Home homes in Palo Alto?
CarolNicole James has been particularly active in Palo Alto's Mid-Market Detached Home segment, and the numbers back it up. Their listings in this segment have consistently closed faster than the local average while achieving above-average sale-to-list ratios — a rare combination that directly benefits sellers on both time and final price.
Who is a top listing agent for Mid-Market Multi-Family (2-4 Unit) homes in Palo Alto?
When looking specifically at Mid-Market Multi-Family (2-4 Unit) transactions, Ray Rodriguez consistently surfaces as a top performer in Palo Alto. The data points to a dual edge here: shorter time on market than is typical for this segment, and sale prices that hold closer to — or above — the asking price compared to local norms.
Who is a top listing agent for Entry Level Condo/Co-op homes in Palo Alto?
Sellers of Entry Level Condo/Co-op homes in Palo Alto have found a reliable partner in Holly Noto, based on closed deal data. Real estate is hyper-local. Holly Noto's repeated activity in Palo Alto's Entry Level Condo/Co-op niche demonstrates the kind of specific, proven familiarity that matters when the stakes are high.
Which agent is best for buying a Entry Level Condo/Co-op in Palo Alto?
Navigating Palo Alto's Entry Level Condo/Co-op market as a buyer? Judy Decker is among the most effective agents in this niche. Their buyer transactions in this segment close faster than the local norm and at sale-to-list ratios that are more favorable than typical — meaning they move quickly and negotiate effectively for the buyers they represent.
Which agent is best for buying a Mid-Market Detached Home in Palo Alto?
Yu He has helped buyers close on Mid-Market Detached Home properties in Palo Alto — and the data shows it. Across their deals in the Mid-Market Detached Home category, Yu He has consistently achieved better-than-average terms relative to asking price in Palo Alto. That kind of negotiating edge compounds over a transaction.