Palo Alto, CA Home Values & Market Trends
Real estate market trends reflect that there have been 554 transactions over the past year in Palo Alto. The median value for residential home transactions that occurred over the previous year is $3,176,220.63. The number of current listings in Palo Alto is 30, and the percentage of properties for sale in the city is 30.00%. Palo Alto, CA currently has 6 properties in foreclosure, 1 bank owned properties, 0 properties headed for auction, and 30 properties for sale.
Palo Alto, CA Real Estate Market Overview
Housing Market Summary for Palo Alto, CA
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $3M | $3M | 0.94% |
Median Sold Price | $3M | $3M | 0.23% |
Homes For Sale | 26 | 20 | -23.08% |
Homes Sold | 456 | 437 | -4.17% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Palo Alto, CA
Browse Homes in Palo Alto, CA
Palo Alto home values range from $105,994 to $30,931,425. The median estimated value of a home in Palo Alto is $3,176,220.63. The median list price of a home is 3,774,000, and the total count of properties in the city is 18,874.
- Pre-ForeclosurePre-foreclosure homes account for 0.03% of all residential properties in Palo Alto, CA with 94303 containing 11 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 4 zips within Palo Alto, CA; of those zips, the estimated home value for pre-foreclosure homes ranges from $1,068,250 in 94301 to the lowest home value of $792,500 in 94303.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Palo Alto, CA ranges from the highest value of $995,750 in 94303 to the lowest value of $881,250 in 94303. Bank owned homes and properties account for 0.01% of properties in Palo Alto, CA. There are 4 zips within Palo Alto, CA; 94303 containing 3 REO properties, has the highest number of bank owned properties in a single zip.
- AuctionsN/A has 0 auction properties, the highest number of properties going to auction in a single zip in the state of Palo Alto, CA. Auction homes and other auction properties account for 0% of all properties in Palo Alto, CA. There are 4 zips within Palo Alto, CA; of those zips, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
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Guide for Palo Alto, CA
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