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

$3,798,000

↓ $200,000

701 Christine Drive, Palo Alto

3 Beds 3 Baths 2,503 SqFt Residential MLS® # ML82053169

Britt Haselton Haselton Properties

$3,750,000

246 Palo Alto Avenue, Palo Alto

1 Bed 1 Bath 1,020 SqFt Residential MLS® # ML82059476

Julie Tsai Law Compass

$3,698,000

3992 Bibbits Drive, Palo Alto

5 Beds 3 Baths 2,241 SqFt Residential MLS® # ML82059176

Ella Barak Keller Williams Palo Alto

New

$3,688,800

2535 South Court, Palo Alto

3 Beds 2 Baths 1,403 SqFt Residential MLS® # ML82061317

Stephanie Yue Goodview Financial & Real Estate

New

$3,680,000

2020 Channing Avenue, Palo Alto

3 Beds 2 Baths 1,153 SqFt Residential MLS® # ML82061625

Greg Goumas Modern Homes Realty

$3,500,000

3160 Waverley Street, Palo Alto

3 Beds 2 Baths 1,377 SqFt Residential MLS® # ML82048210

Ruby He Safebay Inc.

$3,500,000

1061 Alma Street, Palo Alto

4 Beds 0 Baths 2,577 SqFt Residential Income MLS® # ML82053370

Ephan Liu Wilbur Properties

$3,488,843

302 Channing Avenue, Palo Alto

3 Beds 3 Baths 1,782 SqFt Residential MLS® # ML82058888

Donnamarie Baldwin Compass

$3,400,000

794 Encina Grande Drive, Palo Alto

4 Beds 2 Baths 1,828 SqFt Residential MLS® # ML82060634

John W. King Keller Williams Palo Alto

$3,388,000

↓ $200,000

543 Everett Court, Palo Alto

6 Beds 4 Baths 2,578 SqFt Residential MLS® # ML82033036

Kathleen Wilson Compass

$3,290,000

651 E Meadow Drive, Palo Alto

5 Beds 3 Baths 2,438 SqFt Residential MLS® # ML82058837

KW Advisors

$3,249,000

433 Monroe Drive, Palo Alto

3 Beds 2 Baths 1,329 SqFt Residential MLS® # ML82058408

Frank Ruan Stanford Professional Realty Inc

$3,200,000

↓ $150,000

2110 Williams Street, Palo Alto

5 Beds 0 Baths 3,298 SqFt Residential Income MLS® # ML82052578

Bryan Danforth Compass

$3,100,000

1863 Hamilton Avenue, Palo Alto

2 Beds 2 Baths 1,750 SqFt Residential MLS® # ML82058338

Jia Li Gemstone Estate, Inc.

$3,000,000

↑ $275,000

2211 Park Boulevard, Palo Alto

8 Beds 2 Baths 3,380 SqFt Residential MLS® # ML82041643

Camille Eder Coldwell Banker Realty

Palo Alto Real Estate

$3,798,000

701 Christine Drive, Palo Alto

$3,750,000

246 Palo Alto Avenue, Palo Alto

$3,698,000

3992 Bibbits Drive, Palo Alto

$3,688,800

2535 South Court, Palo Alto

$3,680,000

2020 Channing Avenue, Palo Alto

$3,500,000

3160 Waverley Street, Palo Alto

$3,500,000

1061 Alma Street, Palo Alto

$3,488,843

302 Channing Avenue, Palo Alto

$3,400,000

794 Encina Grande Drive, Palo Alto

$3,388,000

543 Everett Court, Palo Alto

$3,290,000

651 E Meadow Drive, Palo Alto

$3,249,000

433 Monroe Drive, Palo Alto

$3,200,000

2110 Williams Street, Palo Alto

$3,100,000

1863 Hamilton Avenue, Palo Alto

$3,000,000

2211 Park Boulevard, Palo Alto