Omid Larijani
408-872-2200

Palo Alto

Why you'd want to live in Palo Alto

Palo Alto is a charter city located in the northwestern corner of Santa Clara County, California, United States, in the San Francisco Bay Area. Palo Alto means tall stick in Spanish; the city is named after a coastal redwood tree called El Palo Alto. The city was established by Leland Stanford Sr. when he founded Stanford University, following the death of his son, Leland Stanford Jr. Palo Alto includes portions of Stanford University and shares its borders with East Palo Alto, Mountain View, Los Altos, Los Altos Hills, Stanford, Portola Valley, and Menlo Park. As of the 2010 census, the city's total resident population is 64,403. Palo Alto is one of the five most expensive cities in the United States to live in, and its residents are among the highest educated in the country. As one of the principal cities of Silicon Valley, Palo Alto is headquarters to a number of high-technology companies, including Hewlett-Packard (HP), Space Systems/Loral, VMware, Tesla, Ford Research and Innovation Center, PARC, IDEO, Skype, Houzz, and Lockheed Martin Advanced Technology Center. Palo Alto has also served as an incubator and is headquarters to several other prominent high-technology companies such as Apple, Google, Facebook, Logitech, Intuit, Pinterest, and PayPal. via https://www.cityofpaloalto.org/

Palo Alto Market Report

$4,644,807

AVERAGE PRICE OF 48 HOMES

$4,990,086

AVERAGE PRICE OF 44 MULTI-MILLION DOLLAR HOMES

$7,322,875

AVERAGE PRICE OF 8 NEWLY BUILT HOMES

$3,493,329

AVERAGE PRICE OF 12 HOMES WITH A POOL

Average Home

Average Price $4,644,807
Avg Bedrooms 4 beds
Avg Bathrooms 3.1 baths

Average Price by Bedrooms

1 bedroom $1,127,190
2 bedrooms $1,977,445
3 bedrooms $3,005,432
4 bedrooms $4,787,167
5 bedrooms $6,012,899
Palo Alto Home Price Trends
  12/2021 11/2021 10/2021 9/2021 8/2021
Total Listings 66 n/a 152 129 114
Average Price $4,391,201 n/a $4,519,238 $4,580,974 $4,764,367
Avg Price Change n/a n/a -1.37% -4.00% +12.36%
Median Price $3,388,313 n/a $3,242,050 $3,188,713 $3,232,517
Med Price Change n/a n/a +1.67% -1.37% +7.72%
Avg Bedrooms 3.86 beds n/a 3.82 beds 3.68 beds 3.64 beds
Avg Bathrooms 3.06 baths n/a 2.91 baths 2.8 baths 2.72 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Henry M. Gunn High 11 $2,531,273 55 days
Palo Alto High 22 $5,939,271 97 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 48 $4,644,807 73 days
Multi-Million Dollar Homes 44 $4,990,086 70 days
Newly Built Homes 8 $7,322,875 51 days
Homes with a Pool 12 $3,493,329 83 days