Palo Alto Housing Market Report – August 2026
Here's a look at how the Palo Alto, CA real estate market performed in August 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 49
- Median Sale Price: $3,485,000
- Average Sale Price: $3,808,970
- Average Price Per Sq Ft: $1,944
- Average Days on Market: 43
- Sale-to-List Price Ratio: 108.3%
Month-Over-Month Trends
Compared to July, the median sale price in Palo Alto moved 1.0% down (from $3,520,000 to $3,485,000). The number of homes sold was 7.5% down compared to the prior month (53 vs. 49). Average days on market shifted 18.9% down (53 days to 43 days).
Year-Over-Year Comparison
Compared to August 2025, the median sale price is 6.7% up (from $3,265,000 to $3,485,000). Sales volume is 9.3% down year-over-year.
Palo Alto Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 94306 | 18 | $3,392,500 | $2,125 | 30 |
| 94301 | 15 | $3,910,000 | $1,982 | 58 |
| 94303 | 15 | $3,900,000 | $1,754 | 42 |
| 94304 | 1 | $1,368,000 | $979 | N/A |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 35 | $4,000,000 | $2,274 |
| CONDOS | 7 | $1,320,000 | $1,147 |
| CONDO | 2 | $1,344,000 | $1,023 |
| MULTI_FAMILY | 2 | $4,000,000 | $1,072 |
| TOWNHOMES | 2 | $1,752,500 | $1,145 |
| OTHER | 1 | $9,000,000 | $1,184 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $500K - $749K | 2 |
| $750K+ | 47 |
Current Active Listings
As of this report, there are 116 active listings in Palo Alto with a median asking price of $2,686,500 and an average of 50 days on market.
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