Melanie Tan
DRE #02250755“I help Bay Area buyers and sellers make confident moves with the latest market data, real local expertise, and the patience to find what's actually right for you, not the fastest close.”
DRE #02250755“I help Bay Area buyers and sellers make confident moves with the latest market data, real local expertise, and the patience to find what's actually right for you, not the fastest close.”
Data through May 2026
Old Palo Alto still favors sellers, but the market is cooling. Here's where things stand:
Based on 17 homes sold in May 2026. Includes all residential types (SFH, condo, townhouse, multi-family, and others). Updated weekly.
Data through May 2026
See how prices, monthly costs, and mortgage rates have moved in Old Palo Alto.
Includes principal, interest, estimated CA property tax (~1.25%), and estimated insurance (~$2,200/yr). HOA fees not included.
Old Palo Alto, Palo Alto still favors sellers, but conditions are slowly improving for buyers. Well-priced homes move fast, and there is slightly more room to negotiate than there was a year ago.
At $9.08M, Old Palo Alto, Palo Alto's median is roughly 5 times the Bay Area median of $1.85M. Old Palo Alto, Palo Alto sits at the very top of the regional market.
Within Palo Alto, this area trades about 152% above the city-wide median of $3.61M.
Old Palo Alto, Palo Alto currently favors sellers:
Buyer strategy: well-priced homes still move quickly, but there is modest room for strong offers. Come in pre-approved with a clear plan.
At $9.08M with 20% down at 6.49%, the monthly cost breakdown:
Most buyers at this tier pay a meaningful share in cash, which reduces monthly carrying costs.
→“Mel did an amazing job helping us buy our first home. When we first met her, we had done literally zero of the steps needed to buy a house, and 28 days later we closed.”
“I work in commercial real estate with many different agents and I can proudly say that Mel is above the rest.”
“Working with Mel was the best decision I made in my home-buying journey. She was incredibly patient, taking the time to explain every detail of the process to me.”
“Mel did an incredible job helping me find and purchase my first home! She was very responsive, professional, and knowledgeable.”
“Working with Mel was a fantastic experience from start to finish. We were immediately impressed by her active listening and her ability to translate our needs.”
I read every message and usually reply the same day.
