Intero Market Report

Palo Alto, CA

Single-Family Homes

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Palo Alto, CA

Sun Dec 03 2023
This week the median list price for Palo Alto, CA is $4,599,000 with the market action index hovering around 51. This is an increase over last month's market action index of 49. Inventory has decreased to 34. 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 strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.

Palo Alto, CA

Sun Dec 03 2023
This week the median list price for Palo Alto, CA is $4,599,000 with the market action index hovering around 51. This is an increase over last month's market action index of 49. Inventory has decreased to 34. 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 strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.

Real-Time Market Profile

Never miss important changes in the Palo Alto market.
Median List Price $4,599,000
Median Price of New Listings $2,797,500
Per Square Foot $1,959
Average Days on Market 138
Median Days on Market 74
Price Decreased 29%
Price Increased 0%
Relisted 6%
Inventory 34
Median Rent
Market Action 51
Strong Seller's Market

The market continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index as a leading indicator for 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
$13,850,000 4,301 0.25 - 0.5 acre 5 4 20 0 0 73
$5,687,500 3,173 8,000 - 10,000 sqft 4 4.3 4 0 1 140
$4,000,000 2,498 4,500 - 6,500 sqft 4 3.5 91 2 0 112
$2,495,000 1,036 0 - 4,500 sqft 3 2 72 2 1 35