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PALO ALTO, CA 94306

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

Neighborhoods in ZIP 94306

Adobe Meadow · Alta Mesa · Barron Park · Charleston Meadows · Charleston Terrace · College Terrace · Evergreen Park · Fairmeadow · Green Acres · Greenmeadow · Mayfield · Midtown (Midtown West) · Monroe Park · Palo Alto Orchards · Palo Verde · Research Park · Saint Claire Gardens · Southgate · Ventura

Market Analysis

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

The PALO ALTO, CA real estate market (94306) currently shows 38 active listings, with 14 pending sales. Homes are averaging 21 days on the market before going under contract.

Inventory has increased compared to last year, with 20 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 21 days on market compared to 9 days last year.

The median listing price has fallen 36.5% year-over-year, from $2,718,972 to $1,726,750.

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: 27,785  ·  Density: 2,625.9/mi²  ·  Median household income: $199,800

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

Market Overview

Active Listings
38
⇧ 111.1% vs 18 last year
Pending
14
37% pending ratio
Median Price
$1,726,750
⇩ 36.5% vs $2,718,972 last year
Average Price
$2,520,789
⇩ 32.6% vs $3,738,665 last year
Days on Market
21
⇧ 133.3% vs 9 days last year

Price Per Square Foot

Median $/sqft
$1,387
⇩ 13.5% vs $1,604/sqft last year
Median Home Size
1,396 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 38 this year vs 18 last year
  • Days on market: 21 now vs 9 last year

Median & Average Pricing

Year over Year
  • Median: $1,726,750 (-36.5% YoY)
  • Average: $2,520,789 (-32.6% 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 9.3 miles — 317 listings ($963,261,981 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
94306Palo Alto, CA 943060.0 mi24$60,927,816$1,999,000$2,538,659
94301Palo Alto, CA 943012.2 mi9$58,649,004$3,475,000$6,516,556
94303Palo Alto, CA 943032.5 mi34$71,032,528$1,200,000$2,089,192
94040Mountain View, CA 940403.5 mi11$19,705,125$1,440,000$1,791,375
94025Menlo Park, CA 940253.7 mi43$146,931,645$2,288,000$3,417,015
94027Atherton, CA 940274.7 mi8$107,913,000$13,874,000$13,489,125
94028Portola Valley, CA 940285.3 mi15$77,268,465$3,998,000$5,151,231
94085Sunnyvale, CA 940856.5 mi22$31,325,954$1,548,500$1,423,907
94086Sunnyvale, CA 940866.7 mi35$53,053,560$1,450,000$1,515,816
94087Sunnyvale, CA 940876.8 mi20$42,122,540$1,860,000$2,106,127
95014Cupertino, CA 950148.0 mi25$77,975,375$3,143,444$3,119,015
94062Redwood City, CA 940629.1 mi29$152,188,781$3,288,000$5,247,889
95051Santa Clara, CA 950519.3 mi42$64,168,188$1,681,000$1,527,814

Frequently Asked Questions

How many homes are for sale in PALO ALTO, CA 94306?

As of February 2026, there are 38 active listings in PALO ALTO, CA (zip code 94306), compared to 18 the prior year.

What is the median home price in PALO ALTO, CA 94306?

The median listing price in PALO ALTO, CA 94306 is $1,726,750 as of February 2026, a 36.5% decrease from $2,718,972 the prior year.

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

Homes in PALO ALTO, CA 94306 spend an average of 21 days on the market before going under contract, compared to 9 days the prior year.

Is it a seller's or buyer's market in PALO ALTO, CA 94306?

Based on current inventory and days-on-market data as of February 2026, PALO ALTO, CA 94306 is currently a Buyer's Market. Inventory has increased compared to last year, with 20 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 21 days on market compared to 9 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 94306 save an estimated $34,535 compared to a typical 5% commission on the median listing price of $1,726,750. 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.