Market Intelligence · CA / Palo Alto

Palo Alto, CA 94304 Housing Market

In Palo Alto 94304, the typical home value is $3,181,622, up 3.5% over the past year. The median list price is $7,999,000, and homes are spending a median of 178 days on market. That spread points to ambitious pricing rather than fast turnover.

Updated August 2026Median value$3182K

The median home value in Palo Alto, CA 94304 is $3.18M as of August 2026, up 3.5% 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 94304 range

$2.93M to $3.44M

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

+3.5% over 12 months

Typical home value in 94304 over the last 12 months: $3.07M in Aug 2025 to $3.18M in Aug 2026 (+3.5%).

Aug 2025$3.07M

Aug 2026$3.18M

The numbers

What is the 94304 housing market like?

Typical home value

$3.18M

Up3.5%YoY

Median list price

$8M

Days on market

178

Homes for sale

0

Price cuts

0.0%

New listings

0

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

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The comparison

How do 94304 home prices compare?

  • 94304$3,181,622
  • Palo Alto$3,262,670
  • California$694,777
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Palo Alto: 4 ZIPs; California: 1,543 ZIPs; United States: 26,265 ZIPs).

Context

The value trend is positive, with the typical home value at $3,181,622 and up 3.5% over the past year. The asking side looks much higher at a median list price of $7,999,000, paired with a median of 178 days on market. The snapshot also shows 0 homes for sale, 0 new listings, and 0.0% of listings with a price cut, so there may be too little live activity to read as normal demand. Taken together, the figures do not prove a strong bidding market. A seller should treat the headline figures cautiously and price from current comparable sales, not from the asking level.

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