Housing in Palo Alto, CA
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$3,000,000
Median List Price
$2,592,500
Price Per Sq Ft
$1,252
Days on Market
28
Active Inventory
52
Months of Supply
2.5
Seller's market
Zillow Home Value
$3,543,666
ZHVI — January 2026
Zillow Rent Index
$3,639
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
52.4%
Off Market in 2 Weeks
56.7%
Sale-to-List Ratio
103.7%
Seller's market
Market Activity
Source: RedfinHomes Sold
21
New Listings
62
Pending Sales
30
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$1,252
Median List $/SF
$1,547
Palo Alto vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 50,000 - 100,000 residents. Palo Alto is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$2,000,001
Median Rent
$3,328
Total Housing Units
29,104
Vacancy Rate
10.5%
Owner Occupied
54.2%
Renter Occupied
45.8%
Median Property Tax
$10,001
per year
Monthly Cost (w/ Mortgage)
$3,869
Housing Types
The current median sale price in Palo Alto, CA is $3,000,000 according to Redfin data. Homes spend a median of 28 days on the market. 52.4% of homes sold above asking price. The market has 2.5 months of supply. The median price per square foot is $1,252. Zillow's observed rent index is $3,639/month. About 54.2% of housing units are owner-occupied. The median year homes were built is 1963. There are 29,104 total housing units.