94306 Housing Market
Median List Price
$2,675,000
Updated August 2026
Today, the 94306 ZIP code in Palo Alto, CA has 22 homes for sale at a median list price of $2,675,000, typically selling in about 64 days.
94306 Housing Market Overview
The median list price in the 94306 ZIP code is $2.7M. Compared with Palo Alto overall, that is a 7.4% discount. Current inventory stands at 22 active listings. February to July saw the median price go from $1.7M to $3.3M, up about 91.7%.
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.
Median Home Price
$2.67M
↑ 0% 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
2.2 months of supply
Tight Supply22 active listings against the current sales pace works out to about 2.2 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 ~64 days.
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.
Inventory Distribution
Most current listings are under 30 days old, so the mix skews toward fresh inventory.
Housing Tenure in 94306 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
Larger homes command significantly higher prices, with sharp increases beyond 3 bedrooms.
Each additional bedroom adds about $1.6M in value on average, with larger homes seeing bigger price jumps.
Largest increase: 4 → 5 bedrooms (+$3.1M)
Price Reductions
3 listings have reduced their price
14% of active listings
Average reduction: 5.4% (~$144K)
Browse 94306 Listings
Frequently Asked Questions about the 94306 Housing Market
What is the median home price in the 94306 ZIP code?
The median list price in the 94306 ZIP code is $2,675,000 as of August 2026, based on 22 active listings.
Is the 94306 ZIP code a buyer's market or a seller's market?
The 94306 ZIP code currently reads as a buyer's market. Active inventory works out to about 2.2 months of supply at the recent sales pace.
How fast do homes sell in the 94306 ZIP code?
The average home currently for sale in the 94306 ZIP code has been on the market for 64 days.
Are home prices in the 94306 ZIP code going up or down?
The median sale price in the 94306 ZIP code is roughly flat compared with a year ago.
How many homes are for sale in the 94306 ZIP code?
There are 22 homes for sale in the 94306 ZIP code right now, including 5 listed within the last week.