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

$2,598,000

1101 Juana Court, Palo Alto

4 Beds 4 Baths 1,907 SqFt Residential MLS® # ML82035683

Natalie Viviani Summerhill Brokerage, Inc.

$2,598,000

290 W Charleston Road, Palo Alto

4 Beds 2 Baths 1,552 SqFt Residential MLS® # ML82056802

Riette Fallant Compass

$2,595,000

100 Koa Court, Palo Alto

3 Beds 3 Baths 2,040 SqFt Residential MLS® # ML82044643

Mj Frankel Martin Frankel, Broker

$2,500,000

2609-2617 Alma Street, Palo Alto

8 Beds 0 Baths 2,232 SqFt Residential Income MLS® # ML82049055

Matthew Thomson Compass

$2,498,000

↓ $152,000

150 Middlefield Road, Palo Alto

3 Beds 2 Baths 1,638 SqFt Residential MLS® # ML82049695

Julie Lau Coldwell Banker Realty

$2,488,000

717 & 723 Ellsworth Place, Palo Alto

0 Beds 0 Baths 1,650 SqFt Residential Income MLS® # ML82043123

Annie Watson Coldwell Banker Realty

$2,399,999

112 Churchill Avenue, Palo Alto

2 Beds 1 Bath 876 SqFt Residential MLS® # ML82038465

Nicholas Daher Intero Real Estate Services

New

$2,399,000

20 Roosevelt Circle, Palo Alto

4 Beds 2 Baths 1,378 SqFt Residential MLS® # ML82061451

Compass

$2,395,000

Page Mill Road, Palo Alto

0 Beds 0 Baths 0 SqFt Land MLS® # ML82047964

Gary Campi Golden Gate Sotheby's International Realty

New

$2,395,000

911 Cowper Street, Palo Alto

3 Beds 3 Baths 1,755 SqFt Residential MLS® # ML82061640

Erika Demma Compass

New

$2,200,000

2571 Alma Street, Palo Alto

4 Beds 0 Baths 1,822 SqFt Residential Income MLS® # ML82057295

Keerthi Naidu Christie's International Real Estate Sereno

$2,198,000

1107 Juana Court, Palo Alto

3 Beds 3 Baths 1,770 SqFt Residential MLS® # ML82047483

Natalie Viviani Summerhill Brokerage, Inc.

$2,168,000

1107 Juana Court, Palo Alto

3 Beds 3 Baths 1,770 SqFt Residential MLS® # ML82060071

Natalie Viviani Summerhill Brokerage, Inc.

$1,998,000

2857 Josephine Lane, Palo Alto

3 Beds 3 Baths 1,770 SqFt Residential MLS® # ML82050210

Anna Hou Summerhill Brokerage, Inc.

$1,998,000

1321 Hopkins Avenue, Palo Alto

2 Beds 2 Baths 960 SqFt Residential MLS® # ML82057040

Compass

Palo Alto Real Estate

$2,598,000

1101 Juana Court, Palo Alto

$2,598,000

290 W Charleston Road, Palo Alto

$2,595,000

100 Koa Court, Palo Alto

$2,500,000

2609-2617 Alma Street, Palo Alto

$2,498,000

150 Middlefield Road, Palo Alto

$2,488,000

717 & 723 Ellsworth Place, Palo Alto

$2,399,999

112 Churchill Avenue, Palo Alto

$2,399,000

20 Roosevelt Circle, Palo Alto

$2,395,000

Page Mill Road, Palo Alto

$2,395,000

911 Cowper Street, Palo Alto

$2,200,000

2571 Alma Street, Palo Alto

$2,198,000

1107 Juana Court, Palo Alto

$2,168,000

1107 Juana Court, Palo Alto

$1,998,000

2857 Josephine Lane, Palo Alto

$1,998,000

1321 Hopkins Avenue, Palo Alto