Monthly market wrap MONTHLY MARKET WRAP Palo Alto Townhouses · May 2026 Palo Alto held steady in May: the key market signals were mixed. Median sale price $1.85M ▲ +10.7% vs Apr Time to pending 37d even with Apr Sold over asking 25% ▼ -25 pts vs Apr Active listings 10 ▲ +25.0% vs Apr Generated by ListingCopilot.io Source: Redfin housing market data
Sale price vs asking SALE PRICE VS ASKING Palo Alto Townhouses · May 2026 Only 25% of Palo Alto townhouses sold over asking, so buyers have room to negotiate. 100.1% average sale price vs. asking price Sold over asking 25% vs. a year ago -50 pts 110.9% 106.7% 102.4% Sold at asking price 100.1% Mar 2024 May 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 Townhouses · May 2026 Palo Alto townhouses are selling right at asking price, on average. -$1.47M median sale price minus asking price Median asking price $3.32M Median sale price $1.85M $3.15M $2.37M $1.58M Sold Asking Mar 2024 May 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Median sale price MEDIAN SALE PRICE Palo Alto Townhouses · May 2026 Palo Alto townhouse values dipped -3.7% from a year ago. $1.85M median sale price Year over year -3.7% Homes sold last month 4 $2.13M $1.86M $1.59M $1.85M Aug 2018 Jun 2022 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Time to sell TIME TO SELL Palo Alto Townhouses · May 2026 The typical Palo Alto townhouse goes pending in 37 days, 5 days slower than last year. 37 days median time to pending Gone within two weeks N/A vs. a year ago 5 days slower 200d 133d 67d 37d Mar 2024 May 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data
Active listings ACTIVE LISTINGS Palo Alto Townhouses · May 2026 Palo Alto inventory is up 66.7% year over year, so sellers have more competition. 10 active listings Year over year +66.7% Months of supply 2.5 9 6 3 10 Mar 2024 May 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 Townhouses · May 2026 Price cuts are rare in Palo Alto: just 10% of listings reduced their asking price. 10% of active listings cut their asking price vs. a year ago N/A Active listings 10 57% 40% 23% 10% Mar 2024 Aug 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data The two-speed market THE TWO-SPEED MARKET Palo Alto Townhouses · April 2026 Only 25% of Palo Alto townhouses went pending within two weeks. Most listings are taking their time. 25% of listings went pending within two weeks Median time to pending 37 days vs. a year ago -75 pts 65% 40% 14% Half of listings 25% Mar 2024 Apr 2025 Apr 2026 Generated by ListingCopilot.io Source: Redfin housing market data Best month to buy BEST MONTH TO BUY Palo Alto Townhouses · May 2026 December is historically Palo Alto's calmest month for buyers: 7.9 pts less over-asking than March. December historically the calmest month for buyers Buyer's edge vs March -7.9 pts Years of Redfin data 6+ Yearly average J F M A M J J A S O N D -3.4 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 Townhouses · May 2026 Palo Alto townhouse values are up +5% over the past 10 years. +5% median sale price growth since 2016 Median price in 2016 $1.77M Average gain per year +0.5% $1.91M $1.78M $1.64M $1.85M Mar 2015 Nov 2020 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data For agents only
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