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City / Town Overview

Palo Alto, CA

Aggregate real estate market report across all ZIPs in scope
Seller's Market
September 2026  ·  Source: Realtor.com

Market Analysis

Data as of September 2026. Source: Realtor.com.

The Palo Alto, CA real estate market currently shows 131 active listings, with 42 pending sales. Homes are averaging 31.5 days on the market before going under contract.

Inventory has tightened compared to last year, with 17 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 31.5 days on market compared to 37.6 days last year.

The median listing price has fallen 13.6% year-over-year, from $3,068,067 to $2,650,891.

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Market Context

Market Context

Population: 97,522  ·  Density: 2,342.7/mi²  ·  Median household income: $173,773

Typical home value: $1,810,203  ·  Homeownership: 54.4%

Included Areas

Palo Alto: 94301, 94303, 94304, 94309

University South: 94302

Barron Park: 94306

Area Map

Market Overview

Active Listings
131
⇩ 11.5% vs 148 last year
Pending
42
32% pending ratio
Median Price
$2,650,891
⇩ 13.6% vs $3,068,067 last year
Average Price
$3,185,402
⇩ 23.3% vs $4,150,808 last year
Days on Market
31.5
⇩ 16.2% vs 38 days last year

Price Per Square Foot

Median $/sqft
$1,362
⇩ 6.3% vs $1,454/sqft last year
Median Home Size
1,676 sqft
Typical listing size
12-Month $/sqft Trend

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %