Palo Alto Homes for Sale & Real Estate Listings

As of January 2025, the median sale price for homes in the 94301 ZIP code of Palo Alto is approximately $3,707,500, reflecting a 37.3% year-over-year increase.

Yes, the City of Palo Alto offers a Below Market Rate (BMR) Housing Program for low- and moderate-income buyers. This program provides homes at prices significantly below the prevailing market rate.

Property tax rates in Palo Alto are approximately 1% of the assessed property value, with additional local taxes and assessments varying based on specific locations within the city.

The Palo Alto housing market is highly competitive, with homes often receiving multiple offers and selling quickly. Staying informed about new listings and working with a knowledgeable real estate agent can provide a significant advantage.

Homes in Palo Alto typically spend less than 20 days on the market, indicating a fast-paced market.

Yes, there are new construction homes available in Palo Alto, offering modern designs and amenities. These properties can be found in various neighborhoods throughout the city.

Palo Alto offers a diverse range of homes, including single-family residences, condominiums, townhouses, and multi-family units. This variety caters to different preferences and budgets.

Eligibility for the BMR Housing Program requires individuals to be first-time homebuyers, meet specific income and purchase price restrictions, and use the home as their primary residence. Purchasing a home in a participating city is also necessary.