Altos Research

Palo Alto, CA

Single-Family Homes

Market Data for Realtors. Schedule a demo today at altos.re.



Palo Alto, CA

Fri Sep 20 2019
This week the median list price for Palo Alto, CA is $3,996,500 with the market action index hovering around 41. This is less than last month's market action index of 45. Inventory has held steady at or around 66. 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.

Slight Seller's Advantage

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

Fri Sep 20 2019
This week the median list price for Palo Alto, CA is $3,996,500 with the market action index hovering around 41. This is less than last month's market action index of 45. Inventory has held steady at or around 66. 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.

Slight Seller's Advantage

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 $3,996,500
Per Square Foot $1,642
Days on Market 64
Price Decreased 30%
Price Increased 2%
Relisted 6%
Inventory 66
Median House Rent $4,800
Most Expensive $39,988,000
Least Expensive $999,000
Market Action Index
Slight Seller's Advantage
41

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
$9,715,000 4,500 0.25 - 0.5 acre 5 5 18 1 0 113
$4,669,000 2,965 6,500 - 8,000 sqft 4 4 32 3 2 50
$3,650,000 2,395 6,500 - 8,000 sqft 4 3 60 4 3 45
$2,249,000 1,432 4,500 - 6,500 sqft 3 2 69 5 3 52