Palo Alto Home Prices
· Single-family homes · MLS sold data
Palo Alto's average sold price for single-family homes was $4,771,772 over the last three months, down 5.3% compared with three months ago and down 6.1% over six months. Homes sold 6.9% over asking on average, at $2,310 per square foot, across 105 sales. That's the 5th highest average price of the 29 Bay Area cities on the map. Homes that sold here averaged 2,201 sq ft on lots averaging 8,182 sq ft over the last six months.
Avg sold price · 3 mo
$4,771,772
5th highest of 29 cities
Price change · 3 mo
−5.3%
1 mo +1.0% · 6 mo −6.1%
Over asking · 3 mo
+6.9%
29-city average +6.2%
$ / sq ft · 3 mo
$2,310
29-city average $1,064
Homes sold · 3 mo
105
single-family sales
Avg home size · 6 mo
2,201 sf
on 8,182 sf lots
3-month price changeBeyond -5%-3 to -5%-1 to -3%Within 1%+1 to +3%+3 to +5%Beyond +5%Not in the table
Palo Alto vs. Nearby Cities
| City | Avg sold price | 3-mo | $ / sq ft | Over asking |
|---|---|---|---|---|
| Palo Alto | $4,771,772 | −5.3% | $2,310 | +6.9% |
| Atherton | $14,745,000 | +17.0% | $2,705 | +6.1% |
| Los Altos | $5,728,511 | +10.6% | $2,215 | +7.9% |
| Los Altos Hills | $7,456,362 | +1.0% | $1,658 | −2.2% |
| Mountain View | $3,074,026 | −4.1% | $1,773 | +7.3% |
Questions About Palo Alto Home Prices
What is the average home price in Palo Alto?
$4,771,772 for a single-family home, or $2,310 per square foot, averaged over 105 sales in the last three months. That ranks 5th of the 29 cities on the map, in the top third. Over the last six months, the average home that sold had 2,201 sq ft of living space.
Are prices going up or down?
Up lately. The average sold price rose 1.0% from last month but is 5.3% below where it was three months ago. Over six months it's still down 6.1%, so this reads more like a bounce than a turnaround.
Are homes selling over asking?
Yes, right in line with the Bay Area. Homes sold 6.9% over asking on average, about the same as the 6.2% across all 29 cities.
Where does this data come from?
These numbers come from MLS sold data for detached single-family homes, so condos and townhomes aren't included. Josh Uy, a Bay Area Realtor with Everhome Real Estate (DRE 01952401), compiles them every month for his Bay Area Market Snapshot.
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Home Prices in Other Bay Area Cities
SF & Peninsula
AthertonFoster CityHillsboroughLos AltosLos Altos HillsPacificaSan FranciscoSan MateoSouth San Francisco
East & South Bay
CampbellCupertinoDublinFremontHaywardLivermoreLos GatosMilpitasMorgan HillMountain ViewNewarkOaklandPleasantonSan JoseSan RamonSanta ClaraSaratogaSunnyvaleUnion City
Avg sold price, % over asking, $/sq ft and homes sold cover the last 3 months. Avg home and lot size cover the last 6 months. Price changes compare the 3-month avg sold price with the same figure 1, 3 and 6 months earlier. Single-family homes only.
Source: MLS sold data via Josh's Bay Area Market Snapshot. Updated monthly by Josh Uy. See Bay Area home prices by city on the heat map