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College Terrace Oak Creek Palo Alto Hills Research Park Stanford Weekend Acres University (Stanford University)

PALO ALTO, CA 94304

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 94304

College Terrace · Oak Creek · Palo Alto Hills · Research Park · Stanford Weekend Acres · University (Stanford University)

Market Analysis

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

The PALO ALTO, CA real estate market (94304) currently shows 2 active listings, with 1 pending sales. Homes are averaging 53 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are selling faster, averaging 53 days on market compared to 140 days last year.

The median listing price has risen 74% year-over-year, from $4,598,000 to $7,999,000.

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: 4,489  ·  Density: 360.6/mi²  ·  Median household income: $159,637

Typical home value: $2,000,000  ·  Homeownership: 22.4%

Market Overview

Active Listings
2
⇧ 100% vs 1 last year
Pending
1
50% pending ratio
Median Price
$7,999,000
⇧ 74% vs $4,598,000 last year
Average Price
$7,999,000
⇧ 74% vs $4,598,000 last year
Days on Market
53
⇩ 62.1% vs 140 days last year

Price Per Square Foot

Median $/sqft
$1,278
⇩ 3.3% vs $1,321/sqft last year
Median Home Size
5,550 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 2 this year vs 1 last year
  • Days on market: 53 now vs 140 last year

Median & Average Pricing

Year over Year
  • Median: $7,999,000 (+74% YoY)
  • Average: $7,999,000 (+74% 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 10.5 miles — 283 listings ($750,952,794 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
94304Palo Alto, CA 943040.0 mi1$11,500,000$11,500,000$11,500,000
94306Palo Alto, CA 943062.4 mi24$60,927,816$1,999,000$2,538,659
94022Los Altos, CA 940223.2 mi29$136,782,908$2,788,000$4,716,652
94025Menlo Park, CA 940253.8 mi43$146,931,645$2,288,000$3,417,015
94303Palo Alto, CA 943034.5 mi34$71,032,528$1,200,000$2,089,192
94024Los Altos, CA 940245.0 mi11$62,785,800$5,888,000$5,707,800
94043Mountain View, CA 940435.5 mi28$36,664,684$1,284,000$1,309,453
94063Redwood City, CA 940637.0 mi11$12,918,829$1,144,000$1,174,439
95014Cupertino, CA 950147.8 mi25$77,975,375$3,143,444$3,119,015
94086Sunnyvale, CA 940868.1 mi35$53,053,560$1,450,000$1,515,816
94020La Honda, CA 940208.3 mi3$5,370,000$850,000$1,790,000
94070San Carlos, CA 940708.9 mi26$58,755,892$1,555,000$2,259,842
94065Redwood City, CA 9406510.5 mi13$16,253,757$1,101,500$1,250,289

Frequently Asked Questions

How many homes are for sale in PALO ALTO, CA 94304?

As of February 2026, there are 2 active listings in PALO ALTO, CA (zip code 94304), compared to 1 the prior year.

What is the median home price in PALO ALTO, CA 94304?

The median listing price in PALO ALTO, CA 94304 is $7,999,000 as of February 2026, a 74% increase from $4,598,000 the prior year.

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

Homes in PALO ALTO, CA 94304 spend an average of 53 days on the market before going under contract, compared to 140 days the prior year.

Is it a seller's or buyer's market in PALO ALTO, CA 94304?

Based on current inventory and days-on-market data as of February 2026, PALO ALTO, CA 94304 is currently a Balanced Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are selling faster, averaging 53 days on market compared to 140 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 94304 save an estimated $159,980 compared to a typical 5% commission on the median listing price of $7,999,000. 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.