South of Midtown, Palo Alto Housing Market · 2026

Data through May 2026

South of Midtown, Palo Alto Market Snapshot

South of Midtown is one of the most competitive markets in the Bay Area, and it's still heating up. Here's what you need to know:

Based on 5 homes sold in May 2026. Includes all residential types (SFH, condo, townhouse, multi-family, and others). Enough to see the trend, but individual sales still move the median. Updated weekly.

Data through May 2026

SalesWhat are homes selling for?
Median Sale Price
$3.82M
Down 3.3% from May 2025
Down $130K from May 2025
Homes Sold
5
Sold in the most recent month. More sales = more reliable data.
Your CostWhat would you actually pay each month?
Monthly Payment
~$23,458/mo
6.49% · 30yr fixed · 20% down
Payment Breakdown
  • Principal & Interest$19,296
  • Property Tax$3,979
  • Insurance$183
CompetitionHow competitive is it right now?
Days on Market
12 days
1 more day than in May 2025
Homes sell in a week or two
Sale-to-List Ratio
108.3%
Up from 105.4% in May 2025
Selling 8% above asking
% Sold Over Asking
80%
80% of homes sold above their asking price
Active Listings
1
· Up 0.0% from May 2025
About 0.2 months of supply. Very low, limited options for buyers

Market Trends

See how prices, monthly costs, and mortgage rates have moved in South of Midtown.

Median Sale Price
Down 3.3% year-over-year in South of Midtown. Based on 5 sales in the most recent month.
Homes Sold
Total Monthly Payment
Estimated monthly cost is down 6% from a year ago in South of Midtown, reflecting changes in both price and mortgage rates.

Includes principal, interest, estimated CA property tax (~1.25%), and estimated insurance (~$2,200/yr). HOA fees not included.

30-Year Fixed Mortgage Rate (National Avg.)
National average currently at 6.49%. Your actual rate depends on your credit, down payment, and loan type.

Frequently asked questions about South of Midtown, Palo Alto

Is now a good time to buy in South of Midtown, Palo Alto?

South of Midtown, Palo Alto is one of the most competitive markets in the Bay Area. Buyers should expect to offer above asking price, be prepared to waive contingencies, and act fast. Coming in with strong financing and a clear strategy is essential.

How do South of Midtown, Palo Alto home prices compare to the Bay Area average?

At $3.82M, South of Midtown, Palo Alto's median sits about 106% above the Bay Area average of $1.85M. South of Midtown, Palo Alto is on the higher end of the regional market.

This is close to the Palo Alto city-wide median of $3.61M.

How competitive is South of Midtown, Palo Alto for buyers?

South of Midtown, Palo Alto is one of the Bay Area's more competitive markets:

  • Homes sell about 8% above asking on average
  • 80% close above list price
  • 12 days typical time to go pending

Buyer strategy: budget 5 to 10% above ask on well-priced listings, with financing pre-approved and offers ready to move quickly.

What will my total monthly cost be on a median-priced South of Midtown, Palo Alto home?

At $3.82M with 20% down at 6.49%, your estimated total monthly cost is approximately $23,458:

  • $19,296 principal and interest
  • $3,979 property tax (California 1.25% effective rate)
  • $183 homeowners insurance

HOA fees are extra.

No noise, just a quick weekly read on what's going on in your market.

Melanie Tan
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.”
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