Last month in October, housing in Palo Alto, CA ended with 43 homes being added to the market for sale, for a cumulative monthly total of 81 homes for sale - up 2% compared to September. Palo Alto, CA had a total of 41 homes sold for the month - up 20% from the month prior.
Detached led the way in homes sold with a total of 31 - up 10%, while attached totaled 10 in closed sales - up 50% from the month of September. The number of detached properties sold under 1500 square feet totaled 4 for the month of October, while homes from 1500 to 2000 square feet recorded 11 sales and homes sized from 2000 to 2500 square feet had 7 sales. While homes from 2500 to 3000 square feet square feet recorded 5 homes sold and homes from 3000 to 3500 square feet had 2 sales, while homes in the 3500 to 4000 square feet range totaled 1 homes sold. Homes from 4000 to 4500 square feet had 1 sales. The following ranges for detached homes all had no sales: 4500 to 5000, over 5500.
The number of attached homes sold under 1500 square feet numbered 5 and attached homes in the square feet range of 1500 to 2000 recorded 5 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.
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 April 2024, May 2024 and October 2024. The months of April 2024, May 2024 and October 2024 had 44 - 44 and 41 homes sold, respectively, as compared to an average of 24 for the other months of the year.
The last 12 month period for the city of Palo Alto, CA shows that homes sold the fastest during the months of March 2024, May 2024 and August 2024. The months of March 2024, May 2024 and August 2024 had 15 - 15 and 17 days on market, respectively, as compared to an average of 26 for the other months of the year.
Number of homes sold in Palo Alto, CA | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total |
2024 | 14 | 16 | 31 | 44 | 44 | 31 | 28 | 21 | 33 | 41 | - | - | 303 |
2023 | 6 | 13 | 34 | 29 | 40 | 43 | 28 | 25 | 23 | 36 | 20 | 19 | 316 |
2022 | 22 | 22 | 39 | 31 | 38 | 39 | 30 | 24 | 35 | 16 | 24 | 17 | 337 |
2021 | 16 | 21 | 36 | 56 | 42 | 63 | 44 | 43 | 40 | 42 | 54 | 36 | 493 |
2020 | 14 | 61 | 23 | 19 | 22 | 30 | 36 | 30 | 32 | 36 | 38 | 29 | 370 |
2019 | 21 | 17 | 31 | 39 | 33 | 27 | 19 | 24 | 25 | 30 | 28 | 26 | 320 |
2018 | 10 | 14 | 39 | 30 | 36 | 43 | 31 | 31 | 15 | 36 | 22 | 18 | 325 |
2017 | 11 | 15 | 34 | 19 | 32 | 36 | 32 | 36 | 33 | 35 | 34 | 25 | 342 |
Average Days On Market (DOM) In Palo Alto, CA | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Average |
2024 | 29 | 26 | 15 | 17 | 15 | 17 | 29 | 17 | 27 | 19 | - | - | 21 |
2023 | 54 | 22 | 31 | 27 | 26 | 28 | 23 | 29 | 27 | 16 | 29 | 38 | 29 |
2022 | 34 | 33 | 11 | 17 | 11 | 10 | 11 | 15 | 26 | 29 | 29 | 32 | 22 |
2021 | 64 | 34 | 30 | 23 | 19 | 23 | 21 | 28 | 20 | 14 | 29 | 36 | 28 |
2020 | 58 | 13 | 28 | 29 | 28 | 29 | 30 | 26 | 48 | 28 | 34 | 63 | 34 |
2019 | 54 | 21 | 17 | 21 | 14 | 27 | 37 | 24 | 32 | 31 | 23 | 40 | 28 |
2018 | 16 | 12 | 12 | 15 | 11 | 17 | 18 | 17 | 15 | 21 | 23 | 23 | 17 |
2017 | 57 | 30 | 11 | 15 | 25 | 25 | 22 | 20 | 23 | 14 | 16 | 20 | 23 |
Average Days From List To Close Of Escrow In Palo Alto, CA | |||||||||||||
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Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Average |
2024 | 51 | 44 | 38 | 40 | 35 | 40 | 56 | 44 | 56 | 54 | - | - | 46 |
2023 | 89 | 40 | 56 | 56 | 54 | 52 | 46 | 49 | 44 | 39 | 54 | 70 | 54 |
2022 | 62 | 55 | 36 | 43 | 37 | 43 | 51 | 37 | 54 | 61 | 111 | 56 | 54 |
2021 | 93 | 60 | 56 | 50 | 46 | 51 | 50 | 59 | 46 | 46 | 58 | 69 | 57 |
2020 | 99 | 39 | 56 | 61 | 64 | 59 | 55 | 53 | 78 | 55 | 63 | 94 | 65 |
2019 | 78 | 45 | 40 | 46 | 36 | 49 | 62 | 52 | 64 | 59 | 51 | 65 | 54 |
2018 | 49 | 30 | 33 | 40 | 29 | 44 | 39 | 43 | 41 | 46 | 43 | 53 | 41 |
2017 | 94 | 64 | 35 | 40 | 45 | 51 | 48 | 46 | 43 | 37 | 45 | 40 | 49 |
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 |
2024 | 33 | 47 | 42 | 55 | 51 | 31 | 39 | 49 | 48 | 43 | - | - | 438 |
2023 | 30 | 32 | 47 | 51 | 40 | 37 | 37 | 33 | 53 | 31 | 16 | 5 | 412 |
2022 | 26 | 39 | 45 | 37 | 50 | 58 | 28 | 36 | 28 | 25 | 19 | 5 | 396 |
2021 | 30 | 38 | 56 | 50 | 64 | 42 | 42 | 47 | 55 | 45 | 21 | 14 | 504 |
2020 | 17 | 95 | 29 | 23 | 43 | 36 | 40 | 35 | 47 | 29 | 21 | 15 | 430 |
2019 | 27 | 44 | 27 | 29 | 34 | 22 | 18 | 31 | 32 | 28 | 14 | 10 | 316 |
2018 | 22 | 38 | 31 | 41 | 43 | 26 | 31 | 22 | 35 | 28 | 17 | 4 | 338 |
2017 | 19 | 26 | 37 | 34 | 37 | 24 | 32 | 29 | 41 | 28 | 23 | 5 | 335 |