Market Report - The Brasil Group

Palo Alto, CA

Single-Family Homes

The Brasil Group | info@theBrasilGroup.com



Palo Alto, CA

Sat Sep 30 2023
This week the median list price for Palo Alto, CA is $4,547,500 with the market action index hovering around 48. This is less than last month's market action index of 51. Inventory has increased to 50. 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 over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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

Sat Sep 30 2023
This week the median list price for Palo Alto, CA is $4,547,500 with the market action index hovering around 48. This is less than last month's market action index of 51. Inventory has increased to 50. 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 over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 $4,547,500
Median Price of New Listings $4,450,000
Per Square Foot $1,939
Average Days on Market 100
Median Days on Market 56
Price Decreased 30%
Price Increased 2%
Relisted 10%
Inventory 50
Median Rent
Market Action 48
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
$10,186,500 5,104 0.25 - 0.5 acre 6 5.3 19 2 1 129
$5,465,000 2,720 6,500 - 8,000 sqft 4 3.5 8 2 0 49
$3,800,000 2,133 6,500 - 8,000 sqft 4 3 67 1 4 42
$2,900,000 1,573 4,500 - 6,500 sqft 3 2 71 4 3 49