Intero's Market Report

Palo Alto, CA

Single-Family Homes



Palo Alto, CA

Mon Jan 24 2022
This week the median list price for Palo Alto, CA is $5,994,000 with the market action index hovering around 57. This is less than last month's market action index of 60. Inventory has decreased to 22. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Palo Alto, CA

Mon Jan 24 2022
This week the median list price for Palo Alto, CA is $5,994,000 with the market action index hovering around 57. This is less than last month's market action index of 60. Inventory has decreased to 22. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Palo Alto market.
Median List Price $5,994,000
Median Price of New Listings $3,395,000
Per Square Foot $1,734
Average Days on Market 243
Median Days on Market 186
Price Decreased 14%
Price Increased 14%
Relisted 18%
Inventory 22
Median Rent $5,100
Market Action 57
Strong Seller's Market

Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.

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
$14,500,000 6,129 0.25 - 0.5 acre 6 8 76 0 0 238
$7,665,000 3,431 6,500 - 8,000 sqft 6 4 19 0 0 112
$5,045,000 3,031 6,500 - 8,000 sqft 5 4 13 0 0 119
$3,574,000 2,234 4,500 - 6,500 sqft 4 3 66 2 3 227