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

$2,998,888

820 Chimalus Drive, Palo Alto

3 Beds 2 Baths 1,472 SqFt Residential MLS® # ML82061217

Annie Watson Coldwell Banker Realty

$2,995,000

390 E Charleston Road, Palo Alto

3 Beds 2 Baths 1,430 SqFt Residential MLS® # ML82060727

Timothy Foy Midtown Realty

$2,988,000

103 Tennyson Avenue, Palo Alto

0 Beds 0 Baths 3,371 SqFt Residential Income MLS® # ML82052706

Adam S. Levin Marcus & Millichap

$2,988,000

2260 Williams Street, Palo Alto

3 Beds 1 Bath 1,020 SqFt Residential MLS® # ML82060504

Deleon Realty

$2,988,000

699 Oregon Avenue, Palo Alto

4 Beds 2 Baths 1,611 SqFt Residential MLS® # ML82056902

Maria Afzal Christie's International Real Estate Sereno

$2,980,000

↓ $120,000

183 Everett Avenue, Palo Alto

3 Beds 0 Baths 1,335 SqFt Residential Income MLS® # ML82044036

Cathy Liu Realty Innova

$2,950,000

↓ $145,000

411 Brassinga Court, Palo Alto

4 Beds 4 Baths 2,112 SqFt Residential MLS® # ML82048682

Paul B Newman Readi-Home

$2,898,000

795 E Charleston Road, Palo Alto

3 Beds 2 Baths 1,421 SqFt Residential MLS® # ML82060705

Ryan Eltherington Midtown Realty

$2,888,000

4154 Amaranta Court, Palo Alto

4 Beds 2 Baths 1,470 SqFt Residential MLS® # ML82058918

Sam Zerarka Compass

$2,888,000

256 E Charleston Road, Palo Alto

4 Beds 3 Baths 2,040 SqFt Residential MLS® # ML82056757

Pinnacle Realty Advisors

$2,795,000

4125 Wisteria Lane, Palo Alto

3 Beds 3 Baths 1,764 SqFt Residential MLS® # ML82061192

Nicole Aron Compass

$2,675,000

109 Koa Court, Palo Alto

3 Beds 3 Baths 1,751 SqFt Residential MLS® # ML82052204

Mj Frankel Martin Frankel, Broker

$2,675,000

422 Acacia Avenue, Palo Alto

3 Beds 4 Baths 2,016 SqFt Residential MLS® # ML82055267

Mj Frankel Martin Frankel, Broker

$2,650,000

4059 2nd Street, Palo Alto

3 Beds 2 Baths 1,359 SqFt Residential MLS® # ML82060386

Caleb Fenner Compass

$2,598,000

↓ $290,000

410 Gene Court, Palo Alto

4 Beds 4 Baths 2,049 SqFt Residential MLS® # ML82059514

Ranga Mannar Single Tree Realty

Palo Alto Real Estate

$2,998,888

820 Chimalus Drive, Palo Alto

$2,995,000

390 E Charleston Road, Palo Alto

$2,988,000

103 Tennyson Avenue, Palo Alto

$2,988,000

2260 Williams Street, Palo Alto

$2,988,000

699 Oregon Avenue, Palo Alto

$2,980,000

183 Everett Avenue, Palo Alto

$2,950,000

411 Brassinga Court, Palo Alto

$2,898,000

795 E Charleston Road, Palo Alto

$2,888,000

4154 Amaranta Court, Palo Alto

$2,888,000

256 E Charleston Road, Palo Alto

$2,795,000

4125 Wisteria Lane, Palo Alto

$2,675,000

109 Koa Court, Palo Alto

$2,675,000

422 Acacia Avenue, Palo Alto

$2,650,000

4059 2nd Street, Palo Alto

$2,598,000

410 Gene Court, Palo Alto