What are home prices like in Palo Alto CA?

Palo Alto's median home price reached $3.8 million in 2025, up 5.1% from 2024 and setting a new annual record. Old Palo Alto and Crescent Park are the most expensive neighborhoods with median sales prices of $6 million. South Palo Alto and Barron Park offer the city's more accessible entry points. Homes average 104% of list price with about 59% of single-family homes selling over asking.

What neighborhoods are in Palo Alto CA?

Palo Alto has 13 defined neighborhoods. Old Palo Alto and Crescent Park are the most prestigious, each with median sales prices of $6 million. Professorville near downtown has a historic character. Midtown and Barron Park offer more accessible pricing. College Terrace borders Stanford. South Palo Alto along El Camino Real is the city's most affordable sector. Each neighborhood has a distinct character and price point.

What school district serves Palo Alto CA?

Palo Alto is served by Palo Alto Unified School District, consistently one of California's highest-rated K-12 public school systems. Palo Alto High School and Henry M. Gunn High School are both nationally recognized. PAUSD is a single unified district covering the entire city, which simplifies the school assignment process compared to neighboring cities with multiple overlapping districts.

How does Palo Alto's luxury market perform?

Palo Alto's luxury segment has strengthened significantly. In 2025, 25 homes sold above $8 million — a new record, more than double the 10-year average. Old Palo Alto accounted for six of those transactions. Crescent Park and Old Palo Alto both reached median sales prices of $6 million for the first time in 2025, reflecting continued strength at the upper tier of the market.

How does Palo Alto compare to Menlo Park and Atherton?

Palo Alto's primary advantage over Menlo Park is PAUSD — a single unified school district versus Menlo Park's multi-district complexity. Palo Alto generally commands higher median prices than Menlo Park but lower prices than Atherton, which offers larger lots and complete residential privacy. Palo Alto has more housing variety, a stronger downtown, and more inventory than either neighbor.

Palo Alto CA Homes for Sale | Stanford

$918,000

2559 Park Boulevard M101, Palo Alto

2 Beds 1 Bath 923 SqFt Residential MLS® # ML82054554

Stella Kwak Johnson Compass

$888,000

↓ $11,000

4151 El Camino Way M, Palo Alto

2 Beds 2 Baths 938 SqFt Residential MLS® # ML82046019

Xiaozhu Kang Coldwell Banker Realty

$45,000

N/A, Palo Alto

6 Beds 9 Baths 8,754 SqFt Residential Lease MLS® # ML82058266

Adam S. Levin Marcus & Millichap

$13,995

↓ $1,000

527 Hilbar Lane, Palo Alto

6 Beds 4 Baths 2,670 SqFt Residential Lease MLS® # ML82057073

Tim Proschold Luxuriant Realty

$12,800

↑ $3,300

4115 El Camino Real 333, Palo Alto

3 Beds 3 Baths 1,600 SqFt Residential Lease MLS® # ML82051733

Brianne Miller DEAL Real Estate Services

$12,400

↑ $3,100

4115 El Camino Real 332, Palo Alto

3 Beds 3 Baths 1,550 SqFt Residential Lease MLS® # ML82051732

Brianne Miller DEAL Real Estate Services

New

$11,500

3878 Magnolia Drive, Palo Alto

5 Beds 4 Baths 2,952 SqFt Residential Lease MLS® # ML82061917

Gina Gonzales Coldwell Banker Realty

$9,250

↑ $2,050

4115 El Camino Real 331, Palo Alto

2 Beds 2 Baths 1,030 SqFt Residential Lease MLS® # ML82051727

Brianne Miller DEAL Real Estate Services

$9,200

4235 Ruthelma Avenue, Palo Alto

4 Beds 2 Baths 1,494 SqFt Residential Lease MLS® # ML82059848

Josh Davis Davis & Company Realtors

$8,000

3271 Bryant Street, Palo Alto

3 Beds 2 Baths 1,060 SqFt Residential Lease MLS® # ML82059604

Josh Davis Davis & Company Realtors

$7,795

826 Homer Avenue, Palo Alto

3 Beds 2 Baths 1,353 SqFt Residential Lease MLS® # ML82051918

Hanna Shacham Coldwell Banker Realty

$6,865

↑ $1,217

4115 El Camino Real 224, Palo Alto

1 Bed 1 Bath 731 SqFt Residential Lease MLS® # ML82051712

Brianne Miller DEAL Real Estate Services

New

$6,800

4173 El Camino Real, #49, Palo Alto

3 Beds 4 Baths 2,010 SqFt Residential Lease MLS® # ML82062031

Veronica Kogler Coldwell Banker Realty

$6,580

↑ $476

4115 El Camino Real 222, Palo Alto

1 Bed 1 Bath 763 SqFt Residential Lease MLS® # ML82051721

Brianne Miller DEAL Real Estate Services

$6,550

↑ $726

4115 El Camino Real 223, Palo Alto

1 Bed 1 Bath 728 SqFt Residential Lease MLS® # ML82051720

Brianne Miller DEAL Real Estate Services

Palo Alto Real Estate

$918,000

2559 Park Boulevard M101, Palo Alto

$888,000

4151 El Camino Way M, Palo Alto

$45,000

N/A, Palo Alto

$13,995

527 Hilbar Lane, Palo Alto

$12,800

4115 El Camino Real 333, Palo Alto

$12,400

4115 El Camino Real 332, Palo Alto

$11,500

3878 Magnolia Drive, Palo Alto

$9,250

4115 El Camino Real 331, Palo Alto

$9,200

4235 Ruthelma Avenue, Palo Alto

$8,000

3271 Bryant Street, Palo Alto

$7,795

826 Homer Avenue, Palo Alto

$6,865

4115 El Camino Real 224, Palo Alto

$6,800

4173 El Camino Real, #49, Palo Alto

$6,580

4115 El Camino Real 222, Palo Alto

$6,550

4115 El Camino Real 223, Palo Alto