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Palo Alto, CA 94303

Single-Family Homes

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Palo Alto, CA 94303

Sat Mar 02 2024
This week the median list price for Palo Alto, CA 94303 is $3,449,000 with the market action index hovering around 48. This is an increase over last month's market action index of 47. Inventory has decreased to 6. 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 conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Palo Alto, CA 94303

Sat Mar 02 2024
This week the median list price for Palo Alto, CA 94303 is $3,449,000 with the market action index hovering around 48. This is an increase over last month's market action index of 47. Inventory has decreased to 6. 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 conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Real-Time Market Profile

Never miss important changes in the Palo Alto market.
Median List Price $3,449,000
Median Price of New Listings $3,200,000
Per Square Foot $1,641
Average Days on Market 29
Median Days on Market 14
Price Decreased 17%
Price Increased 0%
Relisted 33%
Inventory 6
Median Rent
Market Action 48
Strong Seller's Market

Again this week we see a downward notch for prices in this zip code. We continue to pull back from the market’s highs. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$5,450,000 3,425 6,500 - 8,000 sqft 5 3.5 1 0 0 70
$4,950,000 2,925 6,500 - 8,000 sqft 5 4.5 6 0 0 77
$3,449,000 1,803 6,500 - 8,000 sqft 3 2 71 2 1 0
$2,724,000 1,965 8,000 - 10,000 sqft 4 2.8 72 1 0 14