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Market Intelligence · CA / Palo Alto

Palo Alto, CA 94301 Housing Market

The typical home value in Palo Alto's 94301 ZIP code is $4,337,456 as of September 2026, up 8.7% over the past year. The median list price is $4,791,500, and homes are spending a median of 28 days on the market.

Updated September 2026Median value$4337K

The median home value in Palo Alto, CA 94301 is $4.34M as of September 2026, up 8.7% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 94301 range

$3.99M to $4.68M

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

+8.7% over 12 months

Typical home value in 94301 over the last 12 months: $3.99M in Sep 2025 to $4.34M in Sep 2026 (+8.7%).

Sep 2025$3.99M

Sep 2026$4.34M

The numbers

What is the 94301 housing market like?

Typical home value

$4.34M

Up8.7%YoY

Median list price

$4.79M

Up37.3%MoM

Days on market

28

Up16.7%MoM

Homes for sale

26

Up18.2%MoM

Price cuts

11.6%

Up18.4%MoM

New listings

24

Up100.0%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

94301 housing market forecast 2027

+2.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 94301 to rise 2.1% by September 2027.

Over the 12 months through September 2026, typical home values in 94301 rose 8.7%, per the Zillow Home Value Index.

Will home prices drop in 94301?

Zillow's forecast does not call for a drop: it expects typical home values in 94301 to rise 2.1% by September 2027, after a 8.7% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 94301 home prices compare?

  • 94301$4,337,456
  • Palo Alto$3,281,081
  • California$692,765
  • United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Palo Alto: 4 ZIPs; California: 1,543 ZIPs; United States: 26,262 ZIPs).

Context

The 94301 market in Palo Alto remains firmly in the high-value tier, with a typical home value of $4,337,456 as of September 2026, up 8.7% over the past year. There are 26 homes for sale, with 24 new listings coming to market, so inventory is turning over steadily. The median list price of $4,791,500 sits above the typical value, and homes are moving in a median of 28 days. Only 11.6% of listings have taken a price cut, which suggests sellers are largely pricing close to what buyers will pay. For a homeowner considering a sale, the data points to a healthy market where well-priced homes can attract buyers without long waits or steep reductions.

Monthly payment

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20% · $867,491

Common questions

What people ask us.

How much is a home in 94301 worth?

The typical home value in 94301 is $4,337,456 as of September 2026, up 8.7% over the past year.

How fast are homes selling in 94301?

Homes in 94301 are spending a median of 28 days on the market as of September 2026.

Are sellers cutting prices in 94301?

As of September 2026, 11.6% of listings in 94301 have had a price cut, with a median list price of $4,791,500.

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