March 2024 Real Estate Report

Homes For Sale
71 Total
Homes For Sale
Homes added
42 Homes
Added to the Market
Homes For Sale
31 Homes
Sold
Compared to Previous Month
17%
More Homes For Sale
home chart
48%
More Homes Sold
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Last month in March, housing in Palo Alto, CA ended with 42 homes being added to the market for sale, for a cumulative monthly total of 71 homes for sale - up 17% compared to February. Palo Alto, CA had a total of 31 homes sold for the month - up 48% from the month prior.

Detached led the way in homes sold with a total of 24 - up 58%, while attached totaled 7 in closed sales - up 14% from the month of February. The number of detached properties sold under 1500 square feet totaled 5 for the month of March, while homes from 1500 to 2000 square feet recorded 10 sales and homes sized from 2000 to 2500 square feet had 4 sales. While homes from 2500 to 3000 square feet square feet recorded 3 homes sold and homes from 3000 to 3500 square feet had 2 sales. The following ranges for detached homes all had no sales: 3500 to 4000, 4000 to 4500, 4500 to 5000, over 5500.

The number of attached homes sold under 1500 square feet numbered 6 and attached homes in the square feet range of 1500 to 2000 recorded 1 sales. The following ranges for attached homes all had no sales: 2000 to 2500, 2500 to 3000, 3000 to 3500, 3500 to 4000, 4000 to 4500, 4500 to 5000, over 5500.


When are the most homes sold in Palo Alto, CA?
June:
43 Homes Sold
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The last 12 month period for the city of Palo Alto, CA shows that the greatest number of homes were sold during the months of May 2023, June 2023 and October 2023. The months of May 2023, June 2023 and October 2023 had 40 - 43 and 36 homes sold, respectively, as compared to an average of 23 for the other months of the year.

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When do homes sell the fastest in Palo Alto, CA?
March:
15 Days On Market
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The last 12 month period for the city of Palo Alto, CA shows that homes sold the fastest during the months of July 2023, October 2023 and March 2024. The months of July 2023, October 2023 and March 2024 had 23 - 16 and 15 days on market, respectively, as compared to an average of 29 for the other months of the year.


Average Price Of Homes Sold In Palo Alto, CA
By Size Category

Average Sold Price
Average Price Per Square Foot

Average Price Of Homes Sold In Palo Alto, CA
By Year

Average Sold Price
Average Price Per Square Foot
Number of homes sold in Palo Alto, CA
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
2024141631 - - - - - - - - - 61
202361334294043282523362019316
2022222239313839302435162417337
2021162136564263444340425436493
2020146123192230363032363829370
2019211731393327192425302826320
2018101439303643313115362218325
2017111534193236323633353425342
Average Days On Market (DOM) In Palo Alto, CA
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average
2024292615 - - - - - - - - - 23
202354223127262823292716293829
202234331117111011152629293222
202164343023192321282014293628
202058132829282930264828346334
201954211721142737243231234028
201816121215111718171521232317
201757301115252522202314162023
Average Days From List To Close Of Escrow In Palo Alto, CA
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average
2024514438 - - - - - - - - - 44
202389405656545246494439547054
2022625536433743513754611115654
202193605650465150594646586957
202099395661645955537855639465
201978454046364962526459516554
201849303340294439434146435341
201794643540455148464337454049
Number of homes added to the market in Palo Alto, CA
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
2024334742 - - - - - - - - - 122
202330324751403737335331165412
202226394537505828362825195396
2021303856506442424755452114504
2020179529234336403547292115430
2019274427293422183132281410316
201822383141432631223528174338
201719263734372432294128235335