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

$1,695,000

633 Forest Avenue, Palo Alto

2 Beds 2 Baths 1,200 SqFt Residential MLS® # ML82061201

Robert Herzog Compass

$1,680,000

755 Ramona Street, Palo Alto

2 Beds 2 Baths 1,290 SqFt Residential MLS® # ML82058912

Elizabeth Elliott Maulick Compass

$1,600,000

↓ $300,000

2120 Williams Street, Palo Alto

0 Beds 0 Baths 840 SqFt Residential Income MLS® # ML82052577

Bryan Danforth Compass

$1,598,000

↓ $100,000

1341 Alma Street, Palo Alto

2 Beds 3 Baths 1,295 SqFt Residential MLS® # ML82057826

Mark Tauber Coldwell Banker Realty

$1,598,000

670 San Antonio Road 28, Palo Alto

3 Beds 3 Baths 1,382 SqFt Residential MLS® # ML82060849

Lin Ning Compass

New

$1,588,000

165 Forest Avenue 2c, Palo Alto

2 Beds 2 Baths 1,285 SqFt Residential MLS® # ML82061776

Delia Fei Compass

$1,549,000

200 Sheridan Avenue 408, Palo Alto

2 Beds 2 Baths 1,380 SqFt Residential MLS® # ML82051463

Sala Homes Group SALA Homes Realty & Development

$1,549,000

200 Sheridan Avenue 408, Palo Alto

2 Beds 2 Baths 1,380 SqFt Residential MLS® # ML82036084

Eleni Giotinis Coldwell Banker Realty

$1,546,000

↓ $50,000

165 Forest Avenue 4b, Palo Alto

2 Beds 2 Baths 1,334 SqFt Residential MLS® # ML82037068

Robert Purnell Compass

New

$1,528,000

3281 Berryessa Street 3, Palo Alto

3 Beds 2 Baths 1,456 SqFt Residential MLS® # ML82061127

Gary (gang) Liu Coldwell Banker Realty

$1,498,000

444 San Antonio Road 7b, Palo Alto

2 Beds 3 Baths 1,556 SqFt Residential MLS® # ML82057199

Mike Aranda Guide Real Estate

New

$1,485,000

496 W Charleston Road 302, Palo Alto

3 Beds 2 Baths 1,401 SqFt Residential MLS® # ML82051343

Moe Nasser Compass

$1,485,000

555 Byron Street 305, Palo Alto

2 Beds 2 Baths 1,548 SqFt Residential MLS® # ML82050926

Compass

$1,438,000

↓ $42,000

4173 El Camino Real 17, Palo Alto

2 Beds 3 Baths 1,375 SqFt Residential MLS® # ML82057207

Gina Pham Intellity Real Estate Services

$1,430,000

200 Sheridan Avenue 308, Palo Alto

2 Beds 2 Baths 1,380 SqFt Residential MLS® # ML82047604

Sunnie Li SALA Homes Realty & Development

Palo Alto Real Estate

$1,695,000

633 Forest Avenue, Palo Alto

$1,680,000

755 Ramona Street, Palo Alto

$1,600,000

2120 Williams Street, Palo Alto

$1,598,000

1341 Alma Street, Palo Alto

$1,598,000

670 San Antonio Road 28, Palo Alto

$1,588,000

165 Forest Avenue 2c, Palo Alto

$1,549,000

200 Sheridan Avenue 408, Palo Alto

$1,549,000

200 Sheridan Avenue 408, Palo Alto

$1,546,000

165 Forest Avenue 4b, Palo Alto

$1,528,000

3281 Berryessa Street 3, Palo Alto

$1,498,000

444 San Antonio Road 7b, Palo Alto

$1,485,000

496 W Charleston Road 302, Palo Alto

$1,485,000

555 Byron Street 305, Palo Alto

$1,438,000

4173 El Camino Real 17, Palo Alto

$1,430,000

200 Sheridan Avenue 308, Palo Alto