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

New

$4,988,000

764 Stern Avenue, Palo Alto

5 Beds 5 Baths 2,636 SqFt Residential MLS® # ML82061277

Deleon Realty

$4,890,000

845 Los Robles Avenue, Palo Alto

3 Beds 2 Baths 2,095 SqFt Residential MLS® # ML82059311

Charmaine Wang Compass

$4,880,000

3751 El Centro Street, Palo Alto

5 Beds 7 Baths 3,635 SqFt Residential MLS® # ML82057779

KW Advisors

$4,698,000

947 Colonial Lane, Palo Alto

4 Beds 3 Baths 2,159 SqFt Residential MLS® # ML82059157

Lan L. Bowling Keller Williams Palo Alto

$4,595,000

102 University Avenue 3c, Palo Alto

2 Beds 3 Baths 2,305 SqFt Residential MLS® # ML82052145

Mark Martinho Vabrato

$4,500,000

1135 Guinda Street, Palo Alto

3 Beds 2 Baths 1,260 SqFt Residential MLS® # ML82057579

Brian Chancellor Christie's International Real Estate Sereno

New

$4,495,000

3423 Ashton Court, Palo Alto

4 Beds 3 Baths 2,404 SqFt Residential MLS® # ML82061589

Amy Cheung Amy Cheung Broker

$4,298,000

872 Waverley Street, Palo Alto

3 Beds 4 Baths 2,385 SqFt Residential MLS® # ML82060684

Golden Gate Sotheby's International Realty

$4,198,000

3855 Magnolia Drive, Palo Alto

4 Beds 4 Baths 2,701 SqFt Residential MLS® # ML82058661

Delia Fei Compass

$4,100,000

834-836 Addison Avenue, Palo Alto

4 Beds 2 Baths 2,136 SqFt Residential MLS® # ML82060091

Suzanne Scott The Agency

$4,100,000

834-836 Addison Avenue, Palo Alto

0 Beds 0 Baths 0 SqFt Land MLS® # ML82060105

Suzanne Scott The Agency

$3,998,000

707 Charleston Court, Palo Alto

7 Beds 4 Baths 3,061 SqFt Residential MLS® # ML82045626

Jackie Schoelerman Coldwell Banker Realty

$3,995,000

4066 Ben Lomond Drive, Palo Alto

4 Beds 2 Baths 2,111 SqFt Residential MLS® # ML82059205

Timothy Foy Midtown Realty

$3,988,000

325 Channing Avenue 112, Palo Alto

2 Beds 3 Baths 2,112 SqFt Residential MLS® # ML82053526

Judy Decker Compass

$3,898,000

759 Kendall Avenue, Palo Alto

2 Beds 3 Baths 1,866 SqFt Residential MLS® # ML82051187

Sha Yu BRG Realty

Palo Alto Real Estate

$4,988,000

764 Stern Avenue, Palo Alto

$4,890,000

845 Los Robles Avenue, Palo Alto

$4,880,000

3751 El Centro Street, Palo Alto

$4,698,000

947 Colonial Lane, Palo Alto

$4,595,000

102 University Avenue 3c, Palo Alto

$4,500,000

1135 Guinda Street, Palo Alto

$4,495,000

3423 Ashton Court, Palo Alto

$4,298,000

872 Waverley Street, Palo Alto

$4,198,000

3855 Magnolia Drive, Palo Alto

$4,100,000

834-836 Addison Avenue, Palo Alto

$4,100,000

834-836 Addison Avenue, Palo Alto

$3,998,000

707 Charleston Court, Palo Alto

$3,995,000

4066 Ben Lomond Drive, Palo Alto

$3,988,000

325 Channing Avenue 112, Palo Alto

$3,898,000

759 Kendall Avenue, Palo Alto