A data-first read on Palo Alto, drawing on 1,076 home sales recorded across the MLS in the two years ending July 2026.
Source: Bay East / Paragon MLS closed sales, Jul 2024 – Jul 2026. Single-family = detached; condo/townhome = attached. Medians; verify specifics for any individual property.
2024-07–2026-07, real MLS closings. Single-family and condo/townhome shown separately.
● Single-family, Median $3,880,000 · up ~6% year-over-year · 103.7% of list · 9 days on market
● Condo / townhome, Median $1,500,000 · up ~4% year-over-year · 100.0% of list · 18 days on market
How long homes take to sell, month by month, lower is faster. Single-family vs. condo/townhome.
Palo Alto's single-family homes carry a median of $3,880,000, making it mid-priced for the Peninsula. Single-family homes have been fiercely competitive, closing in a median of 9 days at 103.7% of list, routinely above asking. Single-family values have been climbing, up roughly 6% from a year earlier.
Condos and townhomes are close to a separate market, with a median of $1,500,000, roughly 2.6× more attainable than a detached house and the easier way into Palo Alto. Condos and townhomes have stayed competitive, closing in a median of 18 days at 100.0% of list. Condo and townhome values have edged up about 4% over the past year.
Location does most of the work here: single-family homes in ZIP 94301 run about $5,000,000 while 94303 is nearer $3,000,000, a spread of roughly 67% across the same city. The ZIP, not the citywide average, sets the price you actually pay.
$5,000,000 single-family (299 sales)
$1,700,000 condo / townhome (80 sales)
$4,488,000 single-family (15 sales)
$3,550,000 single-family (287 sales)
$1,412,075 condo / townhome (124 sales)
$3,000,000 single-family (407 sales)
$1,008,750 condo / townhome (66 sales)
In Palo Alto, single-family homes in ZIP 94301 run about $5,000,000 while 94303 is nearer $3,000,000, a real, data-backed gap across town.
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Based on 1,076 closed sales in the 24 months ending July 2026 (Bay East/Paragon MLS), Palo Alto's single-family median was $3,880,000 and condos/townhomes $1,500,000. Prices vary by neighborhood and property type.
Over the last 24 months, Palo Alto single-family homes closed at a median of 103.7% of list price and sold in about 9 days.
For single-family homes, ZIP 94301 is the priciest in Palo Alto with a median around $5,000,000, while 94303 offers relative value near $3,000,000.
Figures from Bay East / Paragon MLS closed sales, 24 months ending July 2026; medians, not guarantees.