Explore Palo Alto
No properties matching your criteria were found. Try modifying your search and try again.
Why Live in Palo Alto
Stanford University shapes daily life in Palo Alto, with its stunning architecture, gardens, and cultural attractions like the Cantor Center for Visual Arts and Rodin Sculpture Garden drawing visitors year-round. The city features extensive outdoor recreation, from the popular hiking trails at The Dish to birdwatching at Baylands Nature Preserve. The upscale Stanford Shopping Center and diverse dining scene, including acclaimed restaurants like Evvia Estiatorio and Nobu Palo Alto, create a sophisticated atmosphere.
The Palo Alto real estate market features distinct neighborhoods with varying price points. Single family homes in Old Palo Alto and Crescent Park command the highest prices with a median of $5,600,000. Downtown North single family homes have a median price of $2,850,000. Condominiums present a more accessible entry point, with one-bedroom units at a median price of $819,000 and two-bedroom units at $1,200,000. Townhomes have a median price of $2,100,000.
Property taxes in Palo Alto remain competitive at 0.71%, compared to nearby Menlo Park and Redwood City at 0.61%. The California state income tax rate is 1.00% for yearly salaries of $41,901, with a combined sales tax rate of 8.80%.
The city maintains excellent public schools, including Henry M. Gunn High School and Palo Alto High School, both rated A+ by Niche. Private options include the A+ rated Castilleja School. Commuters benefit from convenient access to Silicon Valley jobs via Caltrain, reaching San Francisco in 45 to 60 minutes and San Jose in 20 to 30 minutes. The Mediterranean climate features warm summers with temperatures in the 70s°F and mild winters rarely below 40°F.
Home Prices in Palo Alto, CA
The median home sale price in Palo Alto, CA is $3,420,000, down 2% year-over-year. Homes in Palo Alto sell in 27 days on average, compared to the national average of 58 days.
Home Price Trends
|
Median Sale Price
$3,420,000
|
Median Single Family Sale Price
$3,925,000
|
|
Median Townhouse Sale Price
$2,007,500
|
Median 2 Bedroom Sale Price
$1,510,000
|
|
Median 1 Bedroom Sale Price
$860,000
|
Average Price Per Sq Ft
$1,819
|
|
Number of Homes for Sale
81
|
Last 12 months Home Sales
515
|
|
Months of Supply
1.90
|
Median List Price
$3,000,000
|
|
Median Change From 1st List Price
-2%
|
Median Home Sale Price YoY Change
-2%
|
Popular Home Searches in Palo Alto, CA
In the heart of Silicon Valley, Palo Alto buyers often look for charm, tech-friendly features, and quiet, tree-lined streets.
- Love classic Bay Area charm? Explore craftsman style or mid-century modern homes in neighborhoods like Professorville.
- Looking for green upgrades? Browse homes with solar panels or EV charging capabilities.
- Need flexible indoor space? Consider properties with a home office or basements for added functionality.
- Prioritize smart design? Check out homes with kitchen islands or vaulted ceilings.
- Want a relaxing outdoor setup? Search for homes with a deck or rooftop deck for lounging or entertaining.
Palo Alto Types of Homes for Sale
Palo Alto Real Estate Listings
More About Living in Palo Alto
Popular Searches in Palo Alto
Palo Alto Homes for Sale by Style
Mobile Homes for Sale in Nearby Neighborhoods
Mobile Homes for Sale in Nearby Cities
- Redwood City Mobile Homes for Sale
- Mountain View Mobile Homes for Sale
- Sunnyvale Mobile Homes for Sale
- San Jose Mobile Homes for Sale
- Fremont Mobile Homes for Sale
- Union City Mobile Homes for Sale
- Hayward Mobile Homes for Sale
- Half Moon Bay Mobile Homes for Sale
- Campbell Mobile Homes for Sale
- San Leandro Mobile Homes for Sale
- South San Francisco Mobile Homes for Sale