94301 Housing Market
Median List Price
$2,498,000
Updated August 2026
Today, the 94301 ZIP code in Palo Alto, CA has 21 homes for sale at a median list price of $2,498,000, typically selling in about 27 days.
94301 Housing Market Overview
Homes in the 94301 ZIP code carry a median list price of $2.5M. That runs roughly 13.5% lower than Palo Alto as a whole. The median price moved from $3.9M in February to $6.1M in July, a 56.2% increase over six months. Right now 21 homes are on the market in the 94301 ZIP code.
94301 Area Market Pulse
Topfind Market Read
Sellers hold the edge right now. Sale prices are up 14% over the last six months, though still 21% below a year ago, and there is only 2.6 months of supply. At the same time, 24% of listings have taken a price cut, so the market is not running away from buyers. Sellers can price with confidence, while buyers should arrive pre-approved and ready to decide quickly.
Median Home Price
$2.50M
↓ 21% over the past yearChart shows the median closed sale price by month
Months of Supply
Estimated time to sell all listings at the current sales pace
2.6 months of supply
Tight Supply21 active listings against the current sales pace works out to about 2.6 months of supply.
What this means for buyers
Inventory is tight relative to how many homes sell each month, so buyers have fewer options and well-priced homes draw competition. Listings typically sell in ~27 days.
Sales Velocity
How fast homes are selling
Homes are selling quickly, which gives sellers leverage, though prepared buyers can still compete. Homes are moving 60% faster than six months ago.
Inventory Distribution
Most current listings are under 30 days old, so the mix skews toward fresh inventory.
Housing Tenure in 94301 Area
Homeownership is near the state average, with a balanced mix of owners and renters.
54%
Homeowners
46%
Renters
Homeownership is 1.5 points lower than the California average (55.5%)
26,054 households (2023)
Median Price by Bedroom
Home prices generally rise with bedroom count, though not every step adds value.
Each additional bedroom adds about $3.5M in value on average, with larger homes seeing bigger price jumps.
Largest increase: 5 → 6 bedrooms (+$7.1M)
Price Reductions
5 listings have reduced their price
24% of active listings
Average reduction: 9.5% (~$237K)
Browse 94301 Listings
Frequently Asked Questions about the 94301 Housing Market
What is the median home price in the 94301 ZIP code?
The median list price in the 94301 ZIP code is $2,498,000 as of August 2026, based on 21 active listings.
Is the 94301 ZIP code a buyer's market or a seller's market?
The 94301 ZIP code currently reads as a seller's market. Active inventory works out to about 2.6 months of supply at the recent sales pace.
How fast do homes sell in the 94301 ZIP code?
The average home currently for sale in the 94301 ZIP code has been on the market for 27 days.
Are home prices in the 94301 ZIP code going up or down?
The median sale price in the 94301 ZIP code is down about 20.9% compared with a year ago.
How many homes are for sale in the 94301 ZIP code?
There are 21 homes for sale in the 94301 ZIP code right now, including 2 listed within the last week.