Intero Market Report

Palo Alto, CA

Single-Family Homes

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Palo Alto, CA

Tue Jul 05 2022
This week the median list price for Palo Alto, CA is $3,995,000 with the market action index hovering around 54. This is less than last month's market action index of 57. Inventory has increased to 63. 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 a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Palo Alto, CA

Tue Jul 05 2022
This week the median list price for Palo Alto, CA is $3,995,000 with the market action index hovering around 54. This is less than last month's market action index of 57. Inventory has increased to 63. 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 a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Palo Alto market.
Median List Price $3,995,000
Median Price of New Listings $3,790,000
Per Square Foot $1,921
Average Days on Market 82
Median Days on Market 35
Price Decreased 17%
Price Increased 6%
Relisted 10%
Inventory 63
Median Rent
Market Action 54
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 levels. 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
$7,898,000 4,324 8,000 - 10,000 sqft 5 5 7 2 1 42
$4,619,400 2,503 6,500 - 8,000 sqft 4 3.5 65 4 3 17
$3,574,000 2,002 6,500 - 8,000 sqft 4 3 66 2 1 42
$2,919,000 1,554 4,500 - 6,500 sqft 3 2 71 7 4 24