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Community Center Crescent Park Downtown (Downtown North) Embarcadero Oaks Evergreen Park Leland Manor Midtown (Midtown West) Old Palo Alto Professorville Southgate University Park University South

PALO ALTO, CA 94301

Real Estate Market Report
Seller's Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 94301

Community Center · Crescent Park · Downtown (Downtown North) · Embarcadero Oaks · Evergreen Park · Leland Manor · Midtown (Midtown West) · Old Palo Alto · Professorville · Southgate · University Park · University South

Market Analysis

Data as of February 2026. Source: Realtor.com.

The PALO ALTO, CA real estate market (94301) currently shows 26 active listings, with 9 pending sales. Homes are averaging 21 days on the market before going under contract.

Inventory has tightened compared to last year, with 9 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 21 days on market compared to 25 days last year.

The median listing price has risen 6.7% year-over-year, from $4,675,000 to $4,988,000.

Whether you are buying or selling in PALO ALTO, CA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 17,259  ·  Density: 2,811.4/mi²  ·  Median household income: $217,611

Typical home value: $2,000,000  ·  Homeownership: 55.1%

Market Overview

Active Listings
26
⇩ 25.7% vs 35 last year
Pending
9
35% pending ratio
Median Price
$4,988,000
⇧ 6.7% vs $4,675,000 last year
Average Price
$7,066,239
⇧ 16.6% vs $6,057,900 last year
Days on Market
21
⇩ 16% vs 25 days last year

Price Per Square Foot

Median $/sqft
$1,934
⇧ 6.6% vs $1,815/sqft last year
Median Home Size
2,574 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 26 this year vs 35 last year
  • Days on market: 21 now vs 25 last year

Median & Average Pricing

Year over Year
  • Median: $4,988,000 (+6.7% YoY)
  • Average: $7,066,239 (+16.6% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 8.9 miles — 194 listings ($656,046,219 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
94301Palo Alto, CA 943010.0 mi9$58,649,004$3,475,000$6,516,556
94025Menlo Park, CA 940251.9 mi43$146,931,645$2,288,000$3,417,015
94305Stanford, CA 943052.2 mi3$2,364,000$788,000$788,000
94304Palo Alto, CA 943043.4 mi1$11,500,000$11,500,000$11,500,000
94061Redwood City, CA 940614.9 mi24$38,133,672$1,382,500$1,588,903
94041Mountain View, CA 940415.6 mi7$20,162,800$2,709,000$2,880,400
94028Portola Valley, CA 940285.9 mi15$77,268,465$3,998,000$5,151,231
94024Los Altos, CA 940247.1 mi11$62,785,800$5,888,000$5,707,800
94089Sunnyvale, CA 940897.8 mi8$12,167,904$1,499,000$1,520,988
94062Redwood City, CA 940628.1 mi29$152,188,781$3,288,000$5,247,889
95002Alviso, CA 950028.2 mi0$0$1,399,000$1,399,000
94555Fremont, CA 945558.3 mi24$31,771,608$1,388,000$1,323,817
94087Sunnyvale, CA 940878.9 mi20$42,122,540$1,860,000$2,106,127

Frequently Asked Questions

How many homes are for sale in PALO ALTO, CA 94301?

As of February 2026, there are 26 active listings in PALO ALTO, CA (zip code 94301), compared to 35 the prior year.

What is the median home price in PALO ALTO, CA 94301?

The median listing price in PALO ALTO, CA 94301 is $4,988,000 as of February 2026, a 6.7% increase from $4,675,000 the prior year.

How long do homes stay on the market in PALO ALTO, CA?

Homes in PALO ALTO, CA 94301 spend an average of 21 days on the market before going under contract, compared to 25 days the prior year.

Is it a seller's or buyer's market in PALO ALTO, CA 94301?

Based on current inventory and days-on-market data as of February 2026, PALO ALTO, CA 94301 is currently a Seller's Market. Inventory has tightened compared to last year, with 9 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 21 days on market compared to 25 days last year.

How much can I save on real estate commission in PALO ALTO, CA?

With SELL123.com's maximum 3% commission, sellers in PALO ALTO, CA 94301 save an estimated $99,760 compared to a typical 5% commission on the median listing price of $4,988,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.