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

$1,398,000

3728 Feather Lane, Palo Alto

3 Beds 3 Baths 1,629 SqFt Residential MLS® # ML82060776

Brett Caviness Compass

$1,390,000

↓ $40,000

200 Sheridan Ave 308, Palo Alto

2 Beds 2 Baths 1,380 SqFt Residential MLS® # ML82051560

Holly Noto Coldwell Banker Realty

$1,320,000

455 Grant Avenue 10, Palo Alto

3 Beds 2 Baths 1,280 SqFt Residential MLS® # ML82056072

Jennifer Yiu Redfin

$1,290,000

200 Sheridan Avenue 407, Palo Alto

2 Beds 1 Bath 1,193 SqFt Residential MLS® # ML82032843

Eleni Giotinis Coldwell Banker Realty

$1,290,000

200 Sheridan Avenue 407, Palo Alto

2 Beds 1 Bath 1,193 SqFt Residential MLS® # ML82051652

Sunnie Li SALA Homes Realty & Development

$1,250,000

↓ $245,000

101 Alma Street 503, Palo Alto

2 Beds 2 Baths 1,429 SqFt Residential MLS® # ML82058751

Mike Bohnert Coldwell Banker Realty

$1,130,000

777 San Antonio Road 78, Palo Alto

3 Beds 2 Baths 1,212 SqFt Residential MLS® # ML82059116

Lijuan Chen Valley Vine Realty

$1,089,000

722 Ramona Street, Palo Alto

2 Beds 1 Bath 1,088 SqFt Residential MLS® # ML82060225

Dan Ziony Compass

Open House

$1,045,000

↓ $100,000

500 Fulton Street 101, Palo Alto

2 Beds 2 Baths 1,096 SqFt Residential

Open House

Sat, Sep 26th, 2026 @ 2pm - 4pm

MLS® # ML82057501

Travis Purdom Atlantis Properties

$1,028,000

4159 El Camino Way B, Palo Alto

2 Beds 2 Baths 1,310 SqFt Residential MLS® # ML82038432

Holly Noto Coldwell Banker Realty

$998,000

4157 El Camino Way E, Palo Alto

2 Beds 2 Baths 1,119 SqFt Residential MLS® # ML82057919

Supriya Gavande Compass

$998,000

131 Greenmeadow Way, Palo Alto

1 Bed 1 Bath 768 SqFt Residential MLS® # ML82060780

Brett Caviness Compass

$998,000

777 San Antonio Road 108, Palo Alto

2 Beds 2 Baths 1,030 SqFt Residential MLS® # ML82057548

Sharon Wang Keller Williams Thrive

$985,000

↓ $5,000

4151 El Camino Way M, Palo Alto

2 Beds 2 Baths 938 SqFt Residential MLS® # ML82040297

Xiaozhu Kang Coldwell Banker Realty

$970,000

410 Sheridan Avenue 226, Palo Alto

1 Bed 1 Bath 897 SqFt Residential MLS® # ML82045813

Sally Williams Coldwell Banker Realty

Palo Alto Real Estate

$1,398,000

3728 Feather Lane, Palo Alto

$1,390,000

200 Sheridan Ave 308, Palo Alto

$1,320,000

455 Grant Avenue 10, Palo Alto

$1,290,000

200 Sheridan Avenue 407, Palo Alto

$1,290,000

200 Sheridan Avenue 407, Palo Alto

$1,250,000

101 Alma Street 503, Palo Alto

$1,130,000

777 San Antonio Road 78, Palo Alto

$1,089,000

722 Ramona Street, Palo Alto

$1,045,000

500 Fulton Street 101, Palo Alto

$1,028,000

4159 El Camino Way B, Palo Alto

$998,000

4157 El Camino Way E, Palo Alto

$998,000

131 Greenmeadow Way, Palo Alto

$998,000

777 San Antonio Road 108, Palo Alto

$985,000

4151 El Camino Way M, Palo Alto

$970,000

410 Sheridan Avenue 226, Palo Alto