Intero's Market Report

Palo Alto, CA

Single-Family Homes



Palo Alto, CA

Wed Oct 04 2023
This week the median list price for Palo Alto, CA is $3,800,000 with the market action index hovering around 48. This is about the same as last month's market action index of 48. Inventory has increased to 53. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Palo Alto, CA

Wed Oct 04 2023
This week the median list price for Palo Alto, CA is $3,800,000 with the market action index hovering around 48. This is about the same as last month's market action index of 48. Inventory has increased to 53. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Palo Alto market.
Median List Price $3,800,000
Median Price of New Listings $2,950,000
Per Square Foot $1,911
Average Days on Market 97
Median Days on Market 49
Price Decreased 23%
Price Increased 2%
Relisted 9%
Inventory 53
Median Rent
Market Action 48
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this 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
$8,950,000 3,751 0.25 - 0.5 acre 6 5.5 3 0 1 133
$4,650,000 2,521 6,500 - 8,000 sqft 4 3.5 12 1 2 63
$3,395,000 1,825 6,500 - 8,000 sqft 3 2 66 4 3 28
$2,774,000 1,319 4,500 - 6,500 sqft 3 2 72 8 4 17