Michele's Real Estate Market Report
Palo Alto, CA
Single-Family Homes
Michele Harkov | 650-773-1332 | www.micheleharkov.com
Palo Alto, CA
Tue May 05 2026
This week the median list price for Palo Alto, CA is $4,698,000 with the market action index hovering around 69. This is an increase over last month's market action index of 64. Inventory has increased to 45.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.
Real-Time Market Profile
| Median List Price | $4,698,000 | |
| Median Price of New Listings | $4,498,000 | |
| Per Square Foot | $2,141 | |
| Average Days on Market | 77 | |
| Median Days on Market | 14 | |
| Price Decreased | 16% | |
| Price Increased | 0% | |
| Relisted | 2% | |
| Inventory | 45 | |
| Median Rent | ||
| Market Action | 69 | |
| Strong Seller's Market | ||
The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.
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 |
|---|---|---|---|---|---|---|---|---|
| $13,244,000 | 5,529 | 0.25 - 0.5 acre | 5 | 7 | 17 | 1 | 1 | 31 |
| $6,180,000 | 3,020 | 6,500 - 8,000 sqft | 5 | 4 | 22 | 6 | 5 | 0 |
| $3,495,000 | 1,856 | 6,500 - 8,000 sqft | 3 | 2 | 77 | 6 | 4 | 0 |
| $2,488,000 | 1,233 | 4,500 - 6,500 sqft | 3 | 2 | 80 | 2 | 2 | 14 |