What Is the Median Home Price in Palo Alto & How Fast Do Homes Sell?
As of AddressIntel's June 2026 read of SF Peninsula sales, the median home sale price in Palo Alto, CA is $2,998,000 (about $3.0M), and homes sell fast — a median of about 40 days on market, typically closing at 104.7% of list price (over asking).
How We Measure It
AddressIntel ingests recorded sales across the 23 SF Peninsula cities we track. For Palo Alto we compute three figures developers and buyers ask about most: the median sale price (the middle of recent closed sales), the median days on market (how fast homes sell, list to contract), and the sale-to-list ratio(sale price ÷ asking price — above 100% means homes are closing over asking). These reflect actual recorded transactions, not list prices or estimates.
Palo Alto vs. Nearby Peninsula Cities — June 2026
| City | Median price | Days on market | Sale-to-list |
|---|---|---|---|
| Palo Alto | $2,998,000 | 40 days | 104.7% |
| Menlo Park | $3,424,000 | 59 days | 104.7% |
| Atherton | $9,980,000 | 46 days | 101.3% |
| San Mateo | $1,684,000 | 48 days | 105.6% |
| Redwood City | $2,323,500 | 45 days | 104.4% |
Source: AddressIntel SF Peninsula sales ingestion, June 2026. “Days on market” is the median list-to-contract time; “sale-to-list” is the median ratio of sale price to asking price. Figures move month to month; this page reflects the most recently published edition.
What This Tells Buyers & Developers
A ~$3.0M median paired with a ~40-day time on market and over-askingclosings tells you Palo Alto is a fast, competitive market where well-priced homes don’t sit. For developers, speed of sale matters as much as price: it sets your spec-build carry assumptions and your exit timeline. Pair these market figures with our teardown ROI model, the live deal screener, and the Palo Alto permit & teardown dashboard.
Frequently Asked Questions
What is the median home price in Palo Alto?
As of AddressIntel's June 2026 edition, the median home sale price in Palo Alto, CA is $2,998,000 (roughly $3.0M). AddressIntel computes this from recent recorded SF Peninsula sales and refreshes it monthly.
How fast do homes sell in Palo Alto?
Palo Alto homes sell quickly: the median time on market is about 40 days as of AddressIntel's June 2026 read, and homes typically close at 104.7% of list price, i.e. over asking. Days on market and sale-to-list ratio are the two clearest speed-of-sale signals AddressIntel tracks.
How does AddressIntel measure Palo Alto home prices and sale speed?
AddressIntel ingests recorded SF Peninsula sales and, per city, computes the median sale price, the median days on market (how fast homes sell), and the sale-to-list ratio (sale price ÷ asking price). The figures are recalculated monthly as part of the Silicon Valley Developer Market Opportunities Report, so this page always reflects the most recent published edition.
See the Full Peninsula Market Picture
Median prices, days on market, and sale-to-list ratios for every SF Peninsula city — plus the month’s top ranked teardown and spec-build opportunities — live in the AddressIntel Silicon Valley Developer Market Opportunities Report and the Peninsula market dashboard.