What Is the Median Home Price in Palo Alto & How Fast Do Homes Sell?
The median asking price across active Palo Alto, CA listings is $3,380,000 (about $3.4M), and homes sell fast, in an average of about 39 days on market, typically closing at 106.0% of list price (over asking), as of AddressIntel's September 2026 data. The speed figures come from recorded sales; the median is the asking price of what is listed today, which in a market closing over list slightly understates what buyers pay.
How We Measure It
AddressIntel tracks active listings and recorded sales across the 23 SF Peninsula cities we cover. For Palo Alto we compute three figures developers and buyers ask about most: the median asking price (the middle of today’s active listings), the average days on market (how fast homes sell, list to close), and the sale-to-list ratio (sale price ÷ asking price, above 100% means homes are closing over asking). The speed figures come from recorded transactions; the median describes what is for sale today, so in a market closing over list it slightly understates what buyers actually pay, which is why we publish it alongside sale-to-list.
Palo Alto vs. Nearby Peninsula Cities, September 2026
| City | Median price | Days on market | Sale-to-list |
|---|---|---|---|
| Palo Alto | $3,380,000 | 39 days | 106.0% |
| Menlo Park | $3,600,000 | 42 days | 103.3% |
| Atherton | $9,850,000 | 39 days | 103.9% |
| San Mateo | $1,623,500 | 43 days | 106.9% |
| Redwood City | $2,424,500 | 36 days | 105.6% |
Source: AddressIntel SF Peninsula sales ingestion, September 2026. Both are computed over recorded sales from the trailing 180 days: “days on market” is the average list-to-close time, and “sale-to-list” is the average 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 ~$3.4M median paired with a ~39-day time on market and over-asking closings 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 and how fast do homes sell?
The median asking price across active Palo Alto, CA listings is $3,380,000 (about $3.4M), and homes sell in an average of about 39 days on market, typically closing at 106.0% of list price (over asking), as of AddressIntel's September 2026 data. The days and sale-to-list figures come from recorded transactions; the median is the asking price of active listings, recomputed monthly.
What is the median home price in Palo Alto?
As of AddressIntel's September 2026 edition, the median asking price across active Palo Alto, CA listings is $3,380,000 (roughly $3.4M). AddressIntel computes this from the city's live listings and refreshes it monthly; with sales closing at 106.0% of list, closed prices run slightly above it.
How fast do homes sell in Palo Alto?
Palo Alto homes sell quickly: the average time on market is about 39 days as of AddressIntel's September 2026 read, and homes typically close at 106.0% 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 tracks active listings and recorded SF Peninsula sales per city: the median asking price comes from what is listed today, while the average days on market (how fast homes sell) and the sale-to-list ratio (sale price ÷ asking price) come from closed transactions. 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.
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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.