ZIP 94301, Palo Alto Housing Market · 2026

Data through Sep 2026 · Part of the Palo Alto housing market

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

ZIP 94301, Palo Alto Market Snapshot

ZIP 94301 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 39 homes sold in the 3 months ending September 2026. Includes all residential types (SFH, condo, townhouse, multi-family, and others). Updated weekly.

Data through September 2026

SalesWhat are homes selling for?
Median Sale Price
$4.21M
▼ Down 20.2% from September 2025
Down $1.07M from September 2025
Homes Sold
39
Sold in the last 3 months. More sales = more reliable data.
Your CostWhat would you actually pay each month?
Monthly Payment
~$27,870/mo
7.4% · 30yr fixed · 20% down
Payment Breakdown
  • Principal & Interest$23,304
  • Property Tax$4,383
  • Insurance$183
CompetitionHow competitive is it right now?
Days on Market
12 days
▼ 8 fewer days than in September 2025
Homes sell in a week or two
Sale-to-List Ratio
107.4%
▲ Up from 102.4% in September 2025
Selling 7% above asking
% Sold Over Asking
53%
More than half of homes sold above their asking price
Active Listings
36
▲ Up 34.2% from September 2025
About 2.9 months of supply. Moderate selection available

Market Trends

See how prices, monthly costs, and mortgage rates have moved in 94301, Palo Alto.

Median Sale Price
Down 20.2% year-over-year in 94301, Palo Alto. Based on 39 sales in the last 3 months.
Homes Sold
17% fewer homes sold than a year ago in 94301, Palo Alto.
Total Monthly Payment
Estimated monthly cost is down 15% from a year ago in 94301, Palo Alto, 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 ZIP 94301

Is now a good time to buy in ZIP 94301?

ZIP 94301 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 ZIP 94301 home prices compare to the Bay Area average?

At $4.21M, ZIP 94301's median sits about 138% above the Bay Area average of $1.77M. ZIP 94301 is on the higher end of the regional market.

Within Palo Alto, this area trades about 17% above the city-wide median of $3.61M.

By home type:

  • Single-family homes at $4.64M
  • Condos at $2.10M
  • Townhomes at $1.88M
What price range should I budget for in ZIP 94301?

Prices in ZIP 94301 depend heavily on home type and specific neighborhood. Median sale prices by type:

  • Single-family homes at $4.64M
  • Condos at $2.10M
  • 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 ZIP 94301 for buyers?

ZIP 94301 is one of the Bay Area's more competitive markets:

  • Homes sell about 7% above asking on average
  • 53% close above list price
  • 12 days typical time to go pending
  • 22% of listings have had a price reduction

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 ZIP 94301 home?

At $4.21M with 20% down at 7.4%, your estimated total monthly cost is approximately $27,870:

  • $23,304 principal and interest
  • $4,383 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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