Market Intelligence · CA / Palo Alto

Palo Alto, CA 94306 Housing Market

The typical home value in Palo Alto's 94306 is $3,371,608, up 3.7% over the past year. The median list price sits at $1,937,750, and homes are taking a median of 29 days on market as of June 1, 2026.

Updated June 2026Median value$3372K

The median home value in Palo Alto, CA 94306 is $3.37M as of June 2026, up 3.7% 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

$3.1M 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

+3.7% over 12 months

Typical home value in 94306 over the last 12 months: $3.25M in Jun 2025 to $3.37M in Jun 2026 (+3.7%).

Jun 2025$3.25M

Jun 2026$3.37M

The numbers

What is the 94306 housing market like?

Typical home value

$3.37M

Up3.7%YoY

Median list price

$1.94M

Days on market

29

Up107.1%MoM

Homes for sale

26

Price cuts

6.7%

New listings

18

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

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The comparison

How do 94306 home prices compare?

  • 94306$3,371,608
  • Palo Alto$3,305,325
  • California$705,456
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Palo Alto: 4 ZIPs; California: 1,543 ZIPs; United States: 26,270 ZIPs).

Context

As of June 1, 2026, there are 26 homes for sale in 94306, with 18 new listings added recently. The median list price is $1,937,750, while the typical home value stands at $3,371,608, reflecting a 3.7% rise over the past year. Homes sit for a median of 29 days on market, and 6.7% of listings have had a price cut. For sellers, the numbers point to steady demand, though pricing carefully still matters.

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