Michele's Real Estate Market Report
Palo Alto, CA
Single-Family Homes
Michele Harkov | 650-773-1332 | www.micheleharkov.com
Palo Alto, CA
Fri Oct 16 2026
This week the median list price for Palo Alto, CA is $4,888,888 with the market action index hovering around 65. This is less than last month's market action index of 67. Inventory has increased to 43.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
Real-Time Market Profile
| Median List Price | $4,888,888 | |
| Median Price of New Listings | $2,988,000 | |
| Per Square Foot | $2,045 | |
| Average Days on Market | 91 | |
| Median Days on Market | 21 | |
| Price Decreased | 23% | |
| Price Increased | 2% | |
| Relisted | 5% | |
| Inventory | 43 | |
| Median Rent | ||
| Market Action | 65 | |
| Strong Seller's Market | ||
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
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 |
|---|---|---|---|---|---|---|---|---|
| $7,995,000 | 3,380 | 8,000 - 10,000 sqft | 5 | 5 | 6 | 0 | 3 | 56 |
| $5,495,000 | 2,815 | 6,500 - 8,000 sqft | 5 | 4 | 26 | 1 | 2 | 21 |
| $3,249,000 | 1,700 | 6,500 - 8,000 sqft | 3 | 2 | 72 | 3 | 5 | 42 |
| $2,469,000 | 1,540 | 0 - 4,500 sqft | 3 | 2 | 74 | 3 | 3 | 7 |