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

$6,798,000

3080 South Court, Palo Alto

5 Beds 5 Baths 3,461 SqFt Residential MLS® # ML82059210

Compass

$6,500,000

1125 Guinda Street, Palo Alto

4 Beds 3 Baths 2,900 SqFt Residential MLS® # ML82057572

Brian Chancellor Christie's International Real Estate Sereno

$6,498,000

1770 Fulton Street, Palo Alto

4 Beds 3 Baths 2,531 SqFt Residential MLS® # ML82060726

Umang Sanchorawala Compass

$6,495,000

↓ $1,500,000

1301 Bryant Street, Palo Alto

3 Beds 4 Baths 4,288 SqFt Residential MLS® # ML82035413

Abby Ahrens The Abigail Company

$6,300,000

340 Palo Alto Avenue, Palo Alto

0 Beds 0 Baths 0 SqFt Land MLS® # ML82054496

Joel Hopman Newmark Cornish & Carey

$6,300,000

340 Palo Alto Avenue, Palo Alto

2 Beds 1 Bath 1,120 SqFt Residential MLS® # ML82055000

Joel Hopman Newmark Cornish & Carey

$6,280,000

979 Lawrence Lane, Palo Alto

5 Beds 5 Baths 3,460 SqFt Residential MLS® # ML82058680

Edward Huang BQ Realty

$5,998,000

1301 Bryant Street, Palo Alto

3 Beds 4 Baths 2,404 SqFt Residential MLS® # ML82058855

Christina Hood Keller Williams Palo Alto

$5,990,000

3990 Laguna Avenue, Palo Alto

5 Beds 4 Baths 2,892 SqFt Residential MLS® # ML82059201

Stanley Lo Green Banker Realty

New

$5,698,000

1432 Hamilton Avenue, Palo Alto

4 Beds 3 Baths 2,720 SqFt Residential MLS® # ML82061274

Delia Fei Compass

$5,498,000

↓ $202,000

2886 Emerson Street, Palo Alto

5 Beds 4 Baths 2,815 SqFt Residential MLS® # ML82056304

Adriana Trenev Arbor Real Estate

New

$5,298,000

563 Jefferson Drive, Palo Alto

3 Beds 2 Baths 2,405 SqFt Residential MLS® # ML82061254

Sharon Witte Compass

New

$5,098,000

863 Melville Avenue, Palo Alto

4 Beds 4 Baths 2,202 SqFt Residential MLS® # ML82061635

Brian Chancellor Christie's International Real Estate Sereno

New

$4,995,000

102 University Avenue 3b, Palo Alto

2 Beds 3 Baths 2,186 SqFt Residential MLS® # ML82061598

Mark Martinho Vabrato

$4,988,000

3511 La Mata Way, Palo Alto

3 Beds 2 Baths 1,794 SqFt Residential MLS® # ML82059030

Nadr Essabhoy Compass

Palo Alto Real Estate

$6,798,000

3080 South Court, Palo Alto

$6,500,000

1125 Guinda Street, Palo Alto

$6,498,000

1770 Fulton Street, Palo Alto

$6,495,000

1301 Bryant Street, Palo Alto

$6,300,000

340 Palo Alto Avenue, Palo Alto

$6,300,000

340 Palo Alto Avenue, Palo Alto

$6,280,000

979 Lawrence Lane, Palo Alto

$5,998,000

1301 Bryant Street, Palo Alto

$5,990,000

3990 Laguna Avenue, Palo Alto

$5,698,000

1432 Hamilton Avenue, Palo Alto

$5,498,000

2886 Emerson Street, Palo Alto

$5,298,000

563 Jefferson Drive, Palo Alto

$5,098,000

863 Melville Avenue, Palo Alto

$4,995,000

102 University Avenue 3b, Palo Alto

$4,988,000

3511 La Mata Way, Palo Alto