How much does it cost to buy a house in Palo Alto, CA?

In May 2026 Palo Alto homes were listed to buy for a median price of $2.8M, which is a 15% decrease to April 2025 last month, and a 14% decrease to May 2025 last year. The median value of a home listed to buy in Palo Alto in May 2026 was $1,510 per sqft, which is a 7% decrease to April 2025 last month, and a 6% decrease to May 2025 last year.

Is it affordable or expensive to live in Palo Alto, CA?

It is expensive to live in Palo Alto. Buying a home in Palo Alto is 7% more expensive compared with the national average.

Is it a good time to buy property in Palo Alto, CA?

Yes now is a good time to buy property in Palo Alto, in May 2026, homes in Palo Alto have decreased in value (price per sqft) by 6% in the last year compared with May 2025.

Are home prices dropping in Palo Alto, CA?

Home price are dropping in Palo Alto, in May 2026, homes to buy in Palo Alto have decreased in median list price by 2% compared with April 2026, one month ago.

Is the Palo Alto, CA housing market slowing down?

In May 2026, homes to buy in Palo Alto spent an median 37 days on the market, a same May 2025 last year.

What are the best and safest places to live in Palo Alto, CA?

The best and safest neighborhoods to live in Palo Alto in May 2026 are Old Palo Alto, Professorville, Crescent Park, College Terrace, Sharon Height, Presidio Heights, Community Center, Downtown North, Silver Creek, Pacific Heights, Barron Park, University South, Rose Garden, Outer Richmond, Niles, Marina District, Outer Sunset, The Village, Marina Bay, Shelter Creek

How much money should I make to buy a house in Palo Alto, CA?

In May 2026, Palo Alto homes were listed to buy for a median price of $2.8M, with 25% down you would need $14.9K/month to cover expenses and assume that's 35% of your total monthly income, your total yearly income would need to be $513K.

Is it a good time to sell my house in Palo Alto, CA?

Yes now is a good time to sell your house in Palo Alto, in May 2026, homes in Palo Alto have decreased in value (price per sqft) by 6% in the last year compared with May 2025.

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Palo Alto, CA Real Estate Snapshot

List Price

$2,865,000

$/Sqft

$1,514

Homes For Sale

148

Home Size

1,749 Sqft

Days on Movoto

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