Kapowich Real Estate Silicon Valley Reports

Palo Alto, CA

Single-Family Homes

Pat Kapowich | 408.245.7700 | Pat@SiliconValleyBroker.com | Broker's License #00979413



Palo Alto, CA

Sun Apr 14 2024
This week the median list price for Palo Alto, CA is $4,788,000 with the market action index hovering around 56. This is an increase over last month's market action index of 48. Inventory has decreased to 37. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Palo Alto, CA

Sun Apr 14 2024
This week the median list price for Palo Alto, CA is $4,788,000 with the market action index hovering around 56. This is an increase over last month's market action index of 48. Inventory has decreased to 37. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Palo Alto market.
Median List Price $4,788,000
Median Price of New Listings $4,294,000
Per Square Foot $1,911
Average Days on Market 87
Median Days on Market 21
Price Decreased 16%
Price Increased 0%
Relisted 8%
Inventory 37
Median Rent
Market Action 56
Strong Seller's Market

Despite this week’s down tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

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
$8,850,000 4,186 0.25 - 0.5 acre 5 4 88 1 0 63
$5,780,000 3,150 6,500 - 8,000 sqft 5 4 21 1 0 63
$4,488,000 2,643 6,500 - 8,000 sqft 4 3 44 2 1 7
$3,073,500 1,576 6,500 - 8,000 sqft 4 2 73 2 2 14