Market Report - The Brasil Group

Palo Alto, CA

Single-Family Homes

The Brasil Group | info@theBrasilGroup.com



Palo Alto, CA

Fri Jun 21 2024
This week the median list price for Palo Alto, CA is $4,993,500 with the market action index hovering around 64. This is an increase over last month's market action index of 62. Inventory has decreased to 48. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Palo Alto, CA

Fri Jun 21 2024
This week the median list price for Palo Alto, CA is $4,993,500 with the market action index hovering around 64. This is an increase over last month's market action index of 62. Inventory has decreased to 48. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Palo Alto market.
Median List Price $4,993,500
Median Price of New Listings $3,495,000
Per Square Foot $1,905
Average Days on Market 73
Median Days on Market 25
Price Decreased 21%
Price Increased 2%
Relisted 4%
Inventory 48
Median Rent
Market Action 64
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
$12,727,500 5,313 0.25 - 0.5 acre 5 6.5 24 0 1 42
$5,874,000 3,638 8,000 - 10,000 sqft 5 4 71 1 1 31
$3,991,500 2,236 6,500 - 8,000 sqft 4 3 72 4 2 10
$2,850,000 1,495 4,500 - 6,500 sqft 3 2 73 4 1 28