Market Intelligence · CA / Palo Alto

Palo Alto, CA 94306 Housing Market

The typical home value in Palo Alto, CA 94306 is $3,368,178, up 6.0% over the past year as of September 2026. The median list price is $2,686,250, and homes spend a median of 21 days on market.

Updated September 2026Median value$3368K

The median home value in Palo Alto, CA 94306 is $3.37M as of September 2026, up 6.0% 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 94306 range

$3.1M to $3.64M

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

+6.0% over 12 months

Sep 2025$3.18M

Low $3.18MHigh $3.37M

Sep 2026$3.37M

The numbers

What is the 94306 housing market like?

As of September 2026

Typical home value

$3.37M

6.0%YoY

Median list price

$2.69M

7.0%MoM

Days on market

10.5%MoM

Homes for sale

28.6%MoM

Price cuts

5.5%

21.0%MoM

New listings

25.0%MoM

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

The outlook

94306 housing market forecast 2027

+2.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 94306 to rise 2.1% by September 2027.

Over the 12 months through September 2026, typical home values in 94306 rose 6.0%, per the Zillow Home Value Index.

Will home prices drop in 94306?

Zillow's forecast does not call for a drop: it expects typical home values in 94306 to rise 2.1% by September 2027, after a 6.0% 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 94306 home prices compare?

94306$3,368,178
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

As of September 2026, Palo Alto, CA 94306 had 27 homes for sale and 30 new listings. The median list price was $2,686,250, while the typical home value stood at $3,368,178, up 6.0% over the past year. Homes moved quickly, with a median of 21 days on market. Only 5.5% of listings carried a price cut. Taken together, the data describes a market where well-priced homes sell fast, and a seller with realistic pricing is in a strong position.

Monthly payment

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Down payment20% · $673,636

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Common questions

What people ask us.

How much is a home in 94306 worth?

The typical home value in 94306 is $3,368,178 as of September 2026, up 6.0% over the past year. The median list price is $2,686,250.

How fast do homes sell in 94306?

Homes in 94306 spend a median of 21 days on market as of September 2026.

Is 94306 a buyer's or seller's market?

As of September 2026, 94306 had 27 homes for sale with 30 new listings, and only 5.5% of listings had a price cut. That points to a market that favors sellers of well-priced homes.

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