Intero's Market Report

Palo Alto, CA

Single-Family Homes



Palo Alto, CA

Fri Oct 15 2021
This week the median list price for Palo Alto, CA is $5,280,000 with the market action index hovering around 54. This is less than last month's market action index of 55. Inventory has increased to 77. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.

Palo Alto, CA

Fri Oct 15 2021
This week the median list price for Palo Alto, CA is $5,280,000 with the market action index hovering around 54. This is less than last month's market action index of 55. Inventory has increased to 77. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Palo Alto market.
Median List Price $5,280,000
Median Price of New Listings $4,495,000
Per Square Foot $1,760
Average Days on Market 100
Median Days on Market 42
Price Decreased 25%
Price Increased 1%
Relisted 10%
Inventory 77
Median Rent $6,000
Market Action 54
Strong Seller's Market

The market appears to be hovering around these current levels, though prices movved up a bit this week. 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
$9,988,000 5,347 0.25 - 0.5 acre 5 6 17 2 0 70
$5,995,000 3,567 6,500 - 8,000 sqft 5 4 27 1 0 42
$4,495,000 2,636 4,500 - 6,500 sqft 4 3 24 4 5 42
$2,999,388 1,758 4,500 - 6,500 sqft 4 3 69 6 6 42