Market Report - The Brasil Group

Palo Alto, CA

Single-Family Homes

The Brasil Group | info@theBrasilGroup.com



Palo Alto, CA

Wed Sep 22 2021
This week the median list price for Palo Alto, CA is $4,575,625 with the market action index hovering around 55. This is an increase over last month's market action index of 53. Inventory has increased to 68. 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 started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Palo Alto, CA

Wed Sep 22 2021
This week the median list price for Palo Alto, CA is $4,575,625 with the market action index hovering around 55. This is an increase over last month's market action index of 53. Inventory has increased to 68. 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 started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Palo Alto market.
Median List Price $4,575,625
Median Price of New Listings $3,198,000
Per Square Foot $1,743
Average Days on Market 88
Median Days on Market 28
Price Decreased 13%
Price Increased 3%
Relisted 15%
Inventory 68
Median Rent $5,940
Market Action 55
Strong Seller's Market

The market seems to have paused around this plateau. 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
$9,980,000 5,042 0.25 - 0.5 acre 5 6 17 3 0 105
$5,400,000 3,567 6,500 - 8,000 sqft 5 4 17 6 2 28
$3,650,000 2,017 4,500 - 6,500 sqft 4 3 64 5 3 28
$2,688,000 1,581 4,500 - 6,500 sqft 3 2 67 13 4 0