Home ValuePros

Market Intelligence · CA / Palo Alto

Palo Alto, CA 94301 Housing Market

The typical home value in Palo Alto's 94301 ZIP is $4,338,524, up 7.3% over the past year. The median list price stands at $3,190,750, with homes averaging 46 days on market as of July 2026.

Updated August 2026Median value$4339K

The median home value in Palo Alto, CA 94301 is $4.34M as of August 2026, up 7.3% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 94301 range

$3.99M to $4.69M

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+7.3% over 12 months

Typical home value in 94301 over the last 12 months: $4.04M in Jul 2025 to $4.34M in Jul 2026 (+7.3%).

Jul 2025$4.04M

Jul 2026$4.34M

The numbers

What is the 94301 housing market like?

Typical home value

$4.34M

Up7.3%YoY

Median list price

$3.49M

Up9.3%MoM

Days on market

24

Down47.8%MoM

Homes for sale

22

Up29.4%MoM

Price cuts

9.8%

Up23.7%MoM

New listings

12

Flat0.0%MoM

Sources · Zillow ZHVI (July 2026) / Realtor.com (August 2026) / FRED (August 2026)

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The comparison

How do 94301 home prices compare?

  • 94301$4,338,524
  • Palo Alto$3,302,363
  • California$702,086
  • United States$289,821

Median Zillow home value (ZHVI), as of July 2026. Comparison levels are medians across every ZIP code with Zillow data (Palo Alto: 4 ZIPs; California: 1,543 ZIPs; United States: 26,266 ZIPs).

Context

The area has 17 homes for sale, with 12 new listings added recently. Median days on market of 46 suggests steady but not rushed absorption. Only 7.9% of listings have seen a price cut, indicating that most sellers have held their initial pricing. With typical home values climbing 7.3% year over year, this remains a strong market. However, the modest inventory and measured pace suggest sellers should price competitively and be prepared for a measured sales timeline.

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