Monthly market wrap MONTHLY MARKET WRAP Palo Alto Single-family homes · May 2026 The Palo Alto market tilted hotter in May: most key signals moved the seller's way. Median sale price $4.3M ▲ +4.2% vs Apr Time to pending 11d ▲ 1 day slower vs Apr Sold over asking 77% ▲ +13 pts vs Apr Active listings 35 ▼ -14.6% vs Apr Generated by ListingCopilot.io Source: Redfin housing market data
Sale price vs asking SALE PRICE VS ASKING Palo Alto Single-family homes · May 2026 Bidding wars are the norm in Palo Alto: 77% of SFHs sold over asking. 108.7% average sale price vs. asking price Sold over asking 77% vs. a year ago +15 pts 106.3% 103.8% 101.4% Sold at asking price 108.7% 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 Single-family homes · May 2026 Palo Alto SFHs are closing +8.7% above asking. The list price is the floor, not the ceiling. +$978K median sale price minus asking price Median asking price $3.32M Median sale price $4.3M $4.47M $3.7M $2.93M 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 Single-family homes · May 2026 Palo Alto SFH values edged up +3.6% year over year. $4.3M median sale price Year over year +3.6% Homes sold last month 53 $4.02M $3.56M $3.1M $4.3M Jun 2019 Dec 2022 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Time to sell TIME TO SELL Palo Alto Single-family homes · May 2026 The typical Palo Alto SFH goes pending in 11 days, 2 days slower than last year. 11 days median time to pending Gone within two weeks 64% vs. a year ago 2 days slower 68d 45d 23d 11d Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data
Active listings ACTIVE LISTINGS Palo Alto Single-family homes · May 2026 Palo Alto inventory is down 27.1% year over year, keeping buyer choice tight. 35 active listings Year over year -27.1% Months of supply 0.7 47 35 22 35 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 Single-family homes · May 2026 1 in 3 Palo Alto listings cut its asking price last month, up 25 pts from a year ago. 37% of active listings cut their asking price vs. a year ago +25 pts Active listings 35 28% 20% 12% 37% Jun 2024 May 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data The two-speed market THE TWO-SPEED MARKET Palo Alto Single-family homes · May 2026 64% of Palo Alto SFHs went pending within two weeks. Priced-right listings do not wait. 64% of listings went pending within two weeks Median time to pending 11 days vs. a year ago +5 pts 56% 35% 15% Half of listings 64% 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 Single-family homes · May 2026 January is historically Palo Alto's calmest month for buyers: 5.4 pts less over-asking than March. January historically the calmest month for buyers Buyer's edge vs March -5.4 pts Years of Redfin data 11+ Yearly average J F M A M J J A S O N D -2.7 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 Single-family homes · May 2026 A Palo Alto SFH bought in 2016 has gained +58% in value since. +58% median sale price growth since 2016 Median price in 2016 $2.72M Average gain per year +4.7% $3.72M $3.27M $2.82M $4.3M May 2016 May 2021 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data For agents only
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