What recent sales suggest about price bands

These figures compare each home’s sale price with the price it first asked. They show how homes in different price bands performed during this period; they do not predict what any particular home will sell for.

The results reflect many factors at once, including preparation, presentation, pricing, competition, timing, and negotiation. Treat the table as context for a pricing conversation, not as a formula.

How results varied by price range

Buyers consider different alternatives at different price points. This breakdown helps us focus on the part of the market most relevant to your home.

In this sample the Over $7M band came out weakest against first asking (−3.4% from 43 sales ) and Under $3M strongest (+7.0% from 124 sales ). Most of the activity sat in $3M – $4.5M, with 148 sales. This is what these homes did, not a rule about what yours will do.

First askedSalesAgainst first askReached it
Under $3M 124 +7.0% 77%
$3M – $4.5M 148 +6.5% 78%
$4.5M – $7M 87 +6.6% 74%
Over $7M 43 −3.4% 33%

Pricing strategy becomes especially important in the higher price bands, where the sample is smaller and buyer demand can be more selective. A property-specific analysis is essential.

How recent sales compared with original asking prices

This comparison shows the median sale price as a percentage of the original asking price for each neighborhood during the stated period. It describes how the homes in the sample performed; it does not measure neighborhood quality or predict the result for one property. Small samples can produce large-looking percentages, so read the sale count beside each figure. City-wide: +5.6%.

  • Midtown +10.1% 43
  • Green Acres +9.4% 11 · Small sample
  • Ventura +7.5% 10 · Small sample
  • Community Center +7.3% 28
  • South Palo Alto +6.8% 95
  • Barron Park +6.6% 39
  • Crescent Park +6.0% 29
  • Professorville +3.7% 18
  • Green Gables +3.4% 40
  • College +2.6% 28
  • Old Palo Alto +0.0% 38
  • Downtown Palo Alto −1.6% 18
  • Palo Alto Hills −5.0% 13 · Small sample

Recent median sale prices by neighborhood

Median prices and price-per-square-foot figures help show the range of homes that sold in each area. They are not a valuation for one property. Differences in lot size, architecture, condition, location, and sale mix can materially affect the comparison.

Price per square foot is a comparison tool, not a substitute for a property-specific valuation.

  • Old Palo Alto $8.20M $2,274/sf
  • Crescent Park $6.51M $2,506/sf
  • Palo Alto Hills $4.60M $1,609/sf
  • Community Center $4.47M $2,450/sf
  • Green Gables $4.45M $2,203/sf
  • Green Acres $4.38M $2,105/sf
  • Professorville $4.32M $2,103/sf
  • Barron Park $4.25M $1,979/sf
  • Midtown $3.82M $2,284/sf
  • South Palo Alto $3.50M $2,047/sf
  • College $3.41M $2,209/sf
  • Downtown Palo Alto $3.11M $2,093/sf
  • Ventura $2.99M $2,080/sf

What the recent sample shows by home configuration

Stories, square footage, lot size, age, and neighborhood are connected variables. This comparison describes the homes in the sample; it does not isolate the effect of being one or two stories.

Single story248 sales

Median price
$3.59M
House
1,627 sq ft
Lot
6,880 sq ft
Typically built
1951
Against first ask
+6.4%

Two story126 sales

Median price
$5.38M
House
2,817 sq ft
Lot
7,498 sq ft
Typically built
1974
Against first ask
+3.8%

In this sample, two story homes were larger and had higher median sale prices. Measured against first asking prices, single story homes came out ahead of the other group. That may reflect price band, location, condition, and the mix of homes — not stories alone.

If this is your street

The map shows what sold. It does not tell you exactly what your home is worth.

Two homes on the same block can differ in architecture, condition, lot, preparation, presentation, and buyer appeal. The useful next step is to compare your home with the most relevant recent sales and discuss what the differences mean.

These sales show what buyers have recently done. They do not tell a homeowner whether to sell or stay. If a move is already under consideration, the useful next step is narrower still: compare your home with the few properties a buyer would genuinely weigh against it, then read that alongside what you want to do next.

Discuss your property

Prefer to text? Text Maggie at 650.709.5588.

Also here

About these figures

Where the numbers come from.

Source and period
MLSListings, by way of Maggie’s own export. Palo Alto homes of type Residential Single Family, status Sold, closing October 15, 2025 to October 15, 2026.
Sales included
1206 closed Palo Alto single-family sales are included in the citywide summary for the stated period. Neighborhood totals may differ where a record could not be assigned to one of the displayed neighborhood categories.
Incomplete records
796 sales came out of the export without coordinates, so they are counted in the citywide total and do not appear on the map or in a neighborhood figure. Where a sale carries no sale-to-asking ratio, no square footage or no days-on-market value, it is left out of that figure only and the sample size beside it says so. Duplicate records are removed on the MLS number before anything is computed.
First asking price, not the final one
Every percentage on this page compares the close price with the original asking price — not a price the home had been reduced to. A home asking $4.5M, cut to $4.1M and sold at $4.2M appears here as below its asking price, because it was.
Neighborhood assignment
From the neighborhood recorded against each sale in the export. Where the export carries none, the sale stays in the citywide figures and out of the neighborhood ones; it is not inferred from an address.
Price per square foot
Close price divided by the living area reported to the MLS, computed per home and then taken as the median — not as total price divided by total area. Homes with no reported square footage are excluded from that figure. Price per square foot is a comparison tool, not a substitute for a property-specific valuation.
As of
October 16, 2026

These figures describe past sales and are not an appraisal, valuation, or prediction for a specific property.