Intero's Market Report

Palo Alto, CA

Single-Family Homes



Palo Alto, CA

Sun Aug 01 2021
This week the median list price for Palo Alto, CA is $3,849,000 with the market action index hovering around 48. This is less than last month's market action index of 55. Inventory has increased to 92. 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 off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Palo Alto, CA

Sun Aug 01 2021
This week the median list price for Palo Alto, CA is $3,849,000 with the market action index hovering around 48. This is less than last month's market action index of 55. Inventory has increased to 92. 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 off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Palo Alto market.
Median List Price $3,849,000
Median Price of New Listings $3,300,000
Per Square Foot $1,661
Average Days on Market 61
Median Days on Market 28
Price Decreased 14%
Price Increased 2%
Relisted 3%
Inventory 92
Median Rent $5,950
Market Action 48
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. 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
$9,250,000 5,202 0.25 - 0.5 acre 5 5 45 3 0 49
$4,663,250 2,910 6,500 - 8,000 sqft 5 4 29 7 0 35
$3,298,000 2,033 6,500 - 8,000 sqft 4 3 66 9 0 7
$2,600,000 1,677 4,500 - 6,500 sqft 3 2 69 6 0 7