1 / 20
OPEN SATURDAY, 9PM - 11PM
VIDEO TOUR
$1,798,000FOR SALE
2 beds · 2 baths · 903 sqft
Rainmaker Real Estate
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23 homes in 94306
Homes for Sale in 94306
Palo Alto, CA
358 Fernando Avenue, Palo Alto, CA 94306
1 / 20
VIRTUAL TOUR
$2,999,000FOR SALE
3 beds · 3 baths · 1,608 sqft
Foundation Real Estate
1 / 30
3D TOUR
$1,320,000FOR SALE
3 beds · 2 baths · 1,280 sqft
Redfin
1 / 20
VIRTUAL TOUR
$1,498,000FOR SALE
2 beds · 3 baths · 1,556 sqft
Guide Real Estate
1 / 20
Price cut: $300,000 (6/24)
VIRTUAL TOUR
$2,950,000FOR SALE
4 beds · 4 baths · 2,112 sqft
Readi-Home
1 / 30
NEW 2 DAYS AGO
3D TOUR
$2,595,000FOR SALE
3 beds · 3 baths · 2,040 sqft
Martin Frankel, Broker
1 / 30
NEW 15 HRS AGO
OPEN SATURDAY, 8:30PM - 11:30PM
$2,888,000FOR SALE
4 beds · 4 baths · 2,049 sqft
Single Tree Realty
1 / 50
NEW 5 DAYS AGO
OPEN SATURDAY, 8:30PM - 11:30PM
$4,198,000FOR SALE
4 beds · 4 baths · 2,701 sqft
Compass
1 / 30
VIRTUAL TOUR
$2,488,000FOR SALE
4 beds · 3 baths · 1,998 sqft
Coldwell Banker Realty
1 / 20
3D TOUR
$1,498,000FOR SALE
3 beds · 3 baths · 1,382 sqft
Compass
1 / 30
VIRTUAL TOUR
$2,598,000FOR SALE
4 beds · 2 baths · 1,552 sqft
Compass
1 / 20
$1,995,000FOR SALE
4 beds · 4 baths · 2,015 sqft
Summit Realty
1 / 20
VIRTUAL TOUR
$2,888,000FOR SALE
4 beds · 3 baths · 2,040 sqft
Pinnacle Realty Advisors
1 / 20
Price cut: $298,000 (8/19)
$5,700,000FOR SALE
5 beds · 4 baths · 3,170 sqft
Arbor Real Estate
1 / 20
$1,480,000FOR SALE
2 beds · 3 baths · 1,375 sqft
Intellity Real Estate Services
1 / 20
3D TOUR
$4,880,000FOR SALE
5 beds · 7 baths · 3,635 sqft
KW Advisors
About 94306 Real Estate
About Palo Alto: The 94306 ZIP code is in Palo Alto, CA. Palo Alto is a charter city in northwestern Santa Clara County, California, United States. Part of the San Francisco Bay Area, it is named after a coastal redwood tree known as El Palo Alto. The population was 68,572 as of the 2020 United States census.
Today, the 94306 area has 23 homes for sale with a median listing price of $2.7M. The average price per square foot is $1543.
94306 Area Market Pulse
Topfind Market Read
Sellers hold the edge right now. There is only 2.2 months of supply, and 73% of current listings are under 30 days old. At the same time, the typical home takes about 64 days to sell, so the market is not running away from buyers. Sellers have the stronger hand, though prepared buyers can still negotiate on the right home.
Buyer leverageBalancedSeller leverage
Median Home Price
$2.67M
↑ 0% over the past yearChart shows the median closed sale price by month
$3.6M$2.7M$1.9M$1.1M
Sep 25
Dec 25
Mar 26
Jun 26
Months of Supply
Estimated time to sell all listings at the current sales pace
2.2 months of supply
Tight Supply22 active listings against the current sales pace works out to about 2.2 months of supply.
Tight (<3 mo)
Balanced (3 to 6 mo)
Ample (6+ mo)
2.2
0369+
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 ~64 days.
● Tight: strong demand● Balanced: steady pace● Ample: more choice
Sales Velocity
How fast homes are selling
Homes are sitting on the market, so buyers often have strong leverage to negotiate price, terms, and repairs. The trend is moving the other way though, with selling times down 60% over the last six months.
● <30d: Fast● 30-45d: Steady● 45d+: Slower
Inventory Distribution
Most current listings are under 30 days old, so the mix skews toward fresh inventory.
New
Active
Aging
Stale
Under 30 days → competitive, act quicklyOver 60 days → potential negotiation opportunities
Housing Tenure in 94306 Area
Homeownership is near the state average, with a balanced mix of owners and renters.
HomeownersRenters
54%
Homeowners
46%
Renters
Homeownership is 1.5 points lower than the California average (55.5%)
A balanced ownership mix suggests diverse housing options for both buyers and renters.
26,054 households (2023)
Median Price by Bedroom
Larger homes command significantly higher prices, with sharp increases beyond 3 bedrooms.
2 Bed$1.5M
3 Bed$2.7M
4 Bed$2.9M
5 Bed$5.7M
Each additional bedroom adds about $1.4M in value on average, with larger homes seeing bigger price jumps.
Largest increase: 4 → 5 bedrooms (+$2.8M)
Price Reductions
3
3 listings have reduced their price
14% of active listings
Average reduction: 5.4% (~$146K)
Some sellers are adjusting prices, so there is room to negotiate on those select listings.
Explore Nearby Cities
Browse homes for sale in cities near Palo Alto
Frequently Asked Questions about Homes for Sale in 94306, CA
How many homes are for sale in 94306, CA?
There are currently 23 homes for sale in 94306, ranging from $918,000 to $7,898,000. 6 of them hit the market within the last week.
What is the median home price in 94306?
The median list price in 94306 is $2,675,000. Price per square foot averages $1543. Prices are up 0.3% compared to a year ago.
How fast do homes sell in 94306?
Homes in 94306 currently average 61 days on the market, a slower pace that gives buyers more time to evaluate and negotiate.
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