Home ValuePros

Market Intelligence · CA / Palo Alto

Palo Alto, CA 94306 Housing Market

The typical home value in Palo Alto's 94306 ZIP code is $3,366,311, up 4.6% over the past year. Homes are listed at a median price of $2,888,000 and spend a median of 19 days on market.

Updated August 2026Median value$3344K

The median home value in Palo Alto, CA 94306 is $3.34M as of August 2026, up 5.5% 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 94306 range

$3.08M to $3.61M

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

+5.5% over 12 months

Typical home value in 94306 over the last 12 months: $3.17M in Aug 2025 to $3.34M in Aug 2026 (+5.5%).

Aug 2025$3.17M

Aug 2026$3.34M

The numbers

What is the 94306 housing market like?

Typical home value

$3.34M

Up5.5%YoY

Median list price

$2.89M

Up35.5%MoM

Days on market

19

Down44.1%MoM

Homes for sale

21

Down12.5%MoM

Price cuts

6.9%

Down41.4%MoM

New listings

24

Up140.0%MoM

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

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The comparison

How do 94306 home prices compare?

  • 94306$3,343,717
  • 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

Twenty-one homes are currently for sale in this ZIP, with 24 new listings recorded as of August 2026. The median list price of $2,888,000 sits notably below the typical home value, reflecting the inventory composition and recent market activity. Homes are moving relatively quickly, spending a median of 19 days on market before going under contract. Only 6.9% of listings have seen a price cut, which suggests most sellers are pricing thoughtfully or encountering competitive interest. If you're considering selling, the tight inventory and quick sell-through times indicate steady demand, though you'll want current comps to price competitively.

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