University South, Palo Alto Housing Market · 2026

Data through Sep 2026

Data curated by Melanie Tan, 8 Blocks Real Estate · How this data works

University South, Palo Alto Market Snapshot

University South is still one of the most competitive markets in the Bay Area, but competition is starting to ease. Here's the picture:

Based on 5 homes sold in the 3 months ending September 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 September 2026

SalesWhat are homes selling for?
Median Sale Price
$2.80M
▼ Down 8.2% from September 2025
Down $251K from September 2025
Homes Sold
5
Sold in the last 3 months. More sales = more reliable data.
Your CostWhat would you actually pay each month?
Monthly Payment
~$18,604/mo
7.4% · 30yr fixed · 20% down
Payment Breakdown
  • Principal & Interest$15,505
  • Property Tax$2,916
  • Insurance$183
CompetitionHow competitive is it right now?
Days on Market
8 days
· Same as September 2025
Homes sell in a week or two
Sale-to-List Ratio
105.8%
▼ Down from 107.0% in September 2025
Selling 6% above asking
% Sold Over Asking
60%
More than half of homes sold above their asking price
Active Listings
9
▲ Up 21.9% from September 2025
About 5.1 months of supply. Plenty of options for buyers

Market Trends

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

Median Sale Price
Down 8.2% year-over-year in University South. Based on 5 sales in the last 3 months.
Homes Sold
29% fewer homes sold than a year ago in University South.
Total Monthly Payment
Estimated monthly cost is down 2% from a year ago in University South, 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 7.4%. Your actual rate depends on your credit, down payment, and loan type.

Frequently asked questions about University South, Palo Alto

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

University South, Palo Alto is still a highly competitive market, but conditions are starting to ease. Buyers should move quickly on well-priced homes and expect to offer above asking, though the most intense bidding wars may be tapering.

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

At $2.80M, University South, Palo Alto's median sits about 58% above the Bay Area average of $1.77M. University South, Palo Alto is on the higher end of the regional market.

Within Palo Alto, this area trades about 22% below the city-wide median of $3.61M.

By home type:

  • Condos at $2.08M
  • Single-family homes at $5.56M
  • Townhomes at $1.88M
What price range should I budget for in University South, Palo Alto?

Prices in University South, Palo Alto depend heavily on home type and specific neighborhood. Median sale prices by type:

  • Condos at $2.08M
  • Single-family homes at $5.56M
  • Townhomes at $1.88M

Individual listings vary widely based on location, size, and condition. The best calibration is to narrow to a few specific neighborhoods you are considering and look at recent sales there.

How competitive is University South, Palo Alto for buyers?

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

  • Homes sell about 6% above asking on average
  • 60% close above list price
  • 8 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 University South, Palo Alto home?

At $2.80M with 20% down at 7.4%, your estimated total monthly cost is approximately $18,604:

  • $15,505 principal and interest
  • $2,916 property tax (California 1.25% effective rate)
  • $183 homeowners insurance

HOA fees are extra. Condo buyers typically budget an additional $300 to $700 per month for HOA, and townhome HOAs run $200 to $500.

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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