Monthly market wrap MONTHLY MARKET WRAP Palo Alto All home types · May 2026 The Palo Alto market tilted hotter in May: most key signals moved the seller's way. Median sale price $3.61M ▲ +3.0% vs Apr Time to pending 14d even with Apr Sold over asking 65% ▲ +4 pts vs Apr Active listings 71 ▼ -2.7% vs Apr Generated by ListingCopilot.io Source: Redfin housing market data
Sale price vs asking SALE PRICE VS ASKING Palo Alto All home types · May 2026 Most Palo Alto homes are still selling over asking (65%). Price to invite competition. 106.6% average sale price vs. asking price Sold over asking 65% vs. a year ago +5 pts 105.2% 103.2% 101.2% Sold at asking price 106.6% Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Are you an agent? Create a branded market page for free like this for your own cities.
Try ListingCopilot → The negotiation gap THE NEGOTIATION GAP Palo Alto All home types · May 2026 Palo Alto homes are closing +6.6% above asking. The list price is the floor, not the ceiling. +$288K median sale price minus asking price Median asking price $3.32M Median sale price $3.61M $3.58M $3M $2.42M Sold Asking Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Median sale price MEDIAN SALE PRICE Palo Alto All home types · May 2026 Palo Alto home values dipped -1.0% from a year ago. $3.61M median sale price Year over year -1.0% Homes sold last month 68 $3.48M $3.15M $2.83M $3.61M Jun 2019 Dec 2022 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Time to sell TIME TO SELL Palo Alto All home types · May 2026 The typical Palo Alto home goes pending in 14 days, 2 days slower than last year. 14 days median time to pending Gone within two weeks 61% vs. a year ago 2 days slower 67d 45d 22d 14d Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data
Active listings ACTIVE LISTINGS Palo Alto All home types · May 2026 Palo Alto inventory is down 12.3% year over year, a steadier supply picture for homes. 71 active listings Year over year -12.3% Months of supply 1.0 77 59 40 71 Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Buying or selling in Palo Alto? Jason tracks this market every month and can give you a local read before your next move.
Price cuts PRICE CUTS Palo Alto All home types · May 2026 1 in 4 Palo Alto listings cut its asking price last month, up 13 pts from a year ago. 27% of active listings cut their asking price vs. a year ago +13 pts Active listings 71 25% 19% 13% 27% Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data The two-speed market THE TWO-SPEED MARKET Palo Alto All home types · May 2026 61% of Palo Alto homes went pending within two weeks. Priced-right listings do not wait. 61% of listings went pending within two weeks Median time to pending 14 days vs. a year ago +8 pts 48% 32% 16% Half of listings 61% Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Best month to buy BEST MONTH TO BUY Palo Alto All home types · May 2026 January is historically Palo Alto's calmest month for buyers: 5.7 pts less over-asking than March. January historically the calmest month for buyers Buyer's edge vs March -5.7 pts Years of Redfin data 11+ Yearly average J F M A M J J A S O N D -2.9 pts Bars over/under-asking vs the yearly average Line price seasonalityGenerated by ListingCopilot.io Source: Redfin housing market data 10-year price growth WAITING HAS A PRICE Palo Alto All home types · May 2026 A Palo Alto home bought in 2016 has gained +52% in value since. +52% median sale price growth since 2016 Median price in 2016 $2.38M Average gain per year +4.3% $3.26M $2.91M $2.57M $3.61M May 2016 May 2021 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data For agents only
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