October 2024 Real Estate Report

Homes For Sale
81 Total
Homes For Sale
Homes added
43 Homes
Added to the Market
Homes For Sale
41 Homes
Sold
Compared to Previous Month
2%
More Homes For Sale
home chart
20%
More Homes Sold
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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.


When are the most homes sold in Palo Alto, CA?
May:
44 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 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.

Sold Comparison Image
When do homes sell the fastest in Palo Alto, CA?
May:
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 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.


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
202414163144443128213341 - - 303
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
202429261517151729172719 - - 21
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
202451443840354056445654 - - 46
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
202433474255513139494843 - - 438
202330324751403737335331165412
202226394537505828362825195396
2021303856506442424755452114504
2020179529234336403547292115430
2019274427293422183132281410316
201822383141432631223528174338
201719263734372432294128235335