Palo Alto, CA Real Estate Prices per Square Foot
Buy prices, rent prices, historical development and submitted values for Palo Alto, CA.
Average buy price
$1,950.00 / sqft
Typical residential purchase price per square foot.
Average rent
$3.74 / sqft / month
Monthly rent per square foot.
Median home price
$3,597,847
Estimated median residential sale price.
Median monthly rent
$4,450
Estimated median rent for the city.
Historical price development
Buy price development
Buy prices have decreased by about 35.1% over the last 5 years.
Rent price development
Rent prices have increased by about 15.3% over the last 5 years.
Submitted values in Palo Alto
This table includes recent submitted values and individual historical comparable values, so the local price development is easier to compare.
| Date | Type | Property | Price / sqft | Size | Total | Area |
|---|---|---|---|---|---|---|
| 2026-07-05 | Rent | townhouse | $4.88 / sqft | 1,555 sqft | $7,588 | College Terrace 94306 |
| 2026-07-04 | Rent | apartment | $5.48 / sqft | 620 sqft | $3,398 | Downtown North 94301 |
| 2026-07-03 | Buy | single-family home | $2,196.00 / sqft | 2,454 sqft | $5,388,984 | Green Acres 94306 |
| 2026-07-01 | Buy | condo | $1,120.00 / sqft | 745 sqft | $834,400 | Monroe Park 94303 |
| 2026-06-29 | Buy | single-family home | $1,905.00 / sqft | 1,730 sqft | $3,295,650 | Green Gables 94303 |
| 2026-06-29 | Rent | single-family home | $5.78 / sqft | 2,320 sqft | $13,410 | Crescent Park 94301 |
| 2026-06-24 | Rent | single-family home | $5.35 / sqft | 2,040 sqft | $10,914 | Community Center 94303 |
| 2026-06-21 | Rent | apartment | $4.38 / sqft | 845 sqft | $3,701 | Midtown 94303 |
| 2026-06-18 | Rent | luxury apartment | $6.10 / sqft | 810 sqft | $4,941 | University South 94301 |
| 2026-06-18 | Rent | condo | $4.42 / sqft | 980 sqft | $4,332 | Midtown 94303 |
| 2026-06-16 | Rent | condo | $5.15 / sqft | 895 sqft | $4,609 | Professorville 94301 |
| 2026-06-16 | Buy | single-family home | $1,832.00 / sqft | 3,155 sqft | $5,779,960 | Green Gables 94303 |
| 2026-06-15 | Rent | single-family home | $5.05 / sqft | 2,185 sqft | $11,034 | Barron Park 94306 |
| 2026-06-14 | Buy | single-family home | $2,050.00 / sqft | 2,055 sqft | $4,212,750 | Southgate 94306 |
| 2026-06-14 | Buy | condo | $903.00 / sqft | 1,030 sqft | $930,090 | San Antonio 94303 |
| 2026-06-12 | Rent | apartment | $5.62 / sqft | 560 sqft | $3,147 | College Terrace 94306 |
| 2026-06-12 | Buy | single-family home | $1,650.00 / sqft | 1,595 sqft | $2,631,750 | Palo Verde 94303 |
| 2026-06-08 | Rent | single-family home | $5.95 / sqft | 2,360 sqft | $14,042 | Old Palo Alto 94301 |
| 2026-05-31 | Buy | townhouse | $1,320.00 / sqft | 1,425 sqft | $1,881,000 | Charleston Meadow 94306 |
| 2026-05-30 | Buy | multi-family home | $1,440.00 / sqft | 3,325 sqft | $4,788,000 | Midtown 94303 |
| 2026-05-26 | Rent | apartment | $5.02 / sqft | 735 sqft | $3,690 | Southgate 94306 |
| 2026-05-25 | Buy | single-family home | $2,300.00 / sqft | 2,695 sqft | $6,198,500 | Old Palo Alto 94301 |
| 2026-05-23 | Buy | single-family home | $2,485.00 / sqft | 2,250 sqft | $5,591,250 | Old Palo Alto 94301 |
| 2026-05-23 | Buy | duplex | $1,185.00 / sqft | 2,260 sqft | $2,678,100 | Ventura 94306 |
| 2026-05-21 | Buy | townhouse | $1,510.00 / sqft | 1,688 sqft | $2,548,880 | College Terrace 94306 |
| 2026-05-18 | Buy | luxury single-family home | $2,605.00 / sqft | 4,120 sqft | $10,732,600 | Crescent Park 94301 |
| 2026-05-17 | Rent | multi-family home | $4.28 / sqft | 1,715 sqft | $7,340 | Ventura 94306 |
| 2026-05-17 | Buy | single-family home | $2,380.00 / sqft | 1,840 sqft | $4,379,200 | Professorville 94301 |
| 2026-05-14 | Buy | luxury single-family home | $1,845.00 / sqft | 3,860 sqft | $7,121,700 | Barron Park 94306 |
| 2026-05-11 | Rent | single-family home | $5.21 / sqft | 1,920 sqft | $10,003 | Professorville 94301 |
| 2026-05-10 | Rent | duplex | $4.18 / sqft | 1,285 sqft | $5,371 | Ventura 94306 |
| 2026-05-08 | Rent | condo | $4.05 / sqft | 1,160 sqft | $4,698 | Palo Verde 94303 |
| 2026-05-06 | Buy | loft | $1,340.00 / sqft | 820 sqft | $1,098,800 | University South 94301 |
| 2026-05-06 | Rent | duplex | $4.55 / sqft | 1,335 sqft | $6,074 | Evergreen Park 94306 |
| 2026-05-06 | Buy | single-family home | $1,965.00 / sqft | 3,010 sqft | $5,914,650 | Duveneck/St. Francis 94303 |
| 2026-05-04 | Buy | single-family home | $1,639.00 / sqft | 2,807 sqft | $4,600,673 | Barron Park 94306 |
| 2026-05-03 | Buy | condo | $1,288.00 / sqft | 1,188 sqft | $1,530,144 | College Terrace 94306 |
| 2026-04-30 | Rent | luxury apartment | $6.35 / sqft | 1,180 sqft | $7,493 | Crescent Park 94301 |
| 2026-04-30 | Buy | single-family home | $1,745.00 / sqft | 2,650 sqft | $4,624,250 | Triple El 94303 |
| 2026-04-28 | Buy | single-family home | $2,210.00 / sqft | 3,480 sqft | $7,690,800 | Leland Manor 94301 |
| 2026-04-26 | Rent | apartment | $4.68 / sqft | 685 sqft | $3,206 | Ventura 94306 |
| 2026-04-25 | Rent | condo | $4.95 / sqft | 1,095 sqft | $5,420 | Evergreen Park 94306 |
| 2026-04-24 | Buy | condo | $1,375.00 / sqft | 955 sqft | $1,313,125 | Evergreen Park 94306 |
| 2026-04-23 | Rent | apartment | $6.25 / sqft | 475 sqft | $2,969 | Downtown North 94301 |
| 2026-04-23 | Buy | condo | $1,261.00 / sqft | 1,080 sqft | $1,361,880 | Downtown North 94301 |
| 2026-04-17 | Rent | townhouse | $4.72 / sqft | 1,475 sqft | $6,962 | Green Gables 94303 |
| 2026-04-16 | Rent | loft | $5.75 / sqft | 760 sqft | $4,370 | Downtown North 94301 |
| 2026-04-11 | Rent | luxury apartment | $5.92 / sqft | 1,015 sqft | $6,009 | Barron Park 94306 |
| 2026-04-11 | Buy | condo | $1,023.00 / sqft | 1,371 sqft | $1,402,533 | Evergreen Park 94306 |
| 2026-04-07 | Rent | townhouse | $4.65 / sqft | 1,410 sqft | $6,557 | Charleston Gardens 94306 |
| 2025-09-01 | Rent | single-family home | $5.65 / sqft / month | 2,260 sqft | $12,769 | Professorville 94301 |
| 2025-02-19 | Buy | condo | $1,175.00 / sqft | 1,085 sqft | $1,274,875 | San Antonio 94303 |
| 2024-08-01 | Rent | apartment | $5.20 / sqft / month | 735 sqft | $3,822 | Barron Park 94306 |
| 2024-05-23 | Buy | single-family home | $1,905.00 / sqft | 3,050 sqft | $5,810,250 | Old Palo Alto 94301 |
| 2023-11-01 | Rent | duplex | $4.75 / sqft / month | 1,265 sqft | $6,009 | Evergreen Park 94306 |
| 2023-03-15 | Buy | townhouse | $1,210.00 / sqft | 1,460 sqft | $1,766,600 | Ventura 94306 |
| 2022-09-01 | Rent | single-family home | $5.15 / sqft / month | 2,180 sqft | $11,227 | Duveneck/St. Francis 94303 |
| 2022-04-29 | Buy | single-family home | $2,050.00 / sqft | 2,860 sqft | $5,863,000 | Crescent Park 94301 |
| 2021-08-01 | Rent | luxury apartment | $4.90 / sqft / month | 880 sqft | $4,312 | Downtown North 94301 |
| 2021-05-18 | Buy | single-family home | $1,810.00 / sqft | 2,140 sqft | $3,873,400 | College Terrace 94306 |
| 2020-12-01 | Rent | apartment | $3.95 / sqft / month | 690 sqft | $2,726 | Southgate 94306 |
| 2020-07-20 | Buy | single-family home | $1,450.00 / sqft | 1,985 sqft | $2,878,250 | Palo Verde 94303 |
| 2019-09-01 | Rent | condo | $4.35 / sqft / month | 1,025 sqft | $4,459 | Green Gables 94303 |
| 2019-02-22 | Buy | condo | $1,185.00 / sqft | 1,040 sqft | $1,232,400 | Downtown North 94301 |
| 2018-11-01 | Rent | single-family home | $4.65 / sqft / month | 1,890 sqft | $8,789 | Old Palo Alto 94301 |
| 2018-05-11 | Buy | duplex | $1,280.00 / sqft | 2,260 sqft | $2,892,800 | Evergreen Park 94306 |
| 2017-08-15 | Rent | apartment | $4.50 / sqft / month | 720 sqft | $3,240 | Ventura 94306 |
| 2017-06-29 | Buy | single-family home | $1,675.00 / sqft | 2,325 sqft | $3,894,375 | Professorville 94301 |
| 2016-10-01 | Rent | townhouse | $4.10 / sqft / month | 1,360 sqft | $5,576 | Charleston Gardens 94306 |
| 2016-04-07 | Buy | single-family home | $1,540.00 / sqft | 1,725 sqft | $2,656,500 | Barron Park 94306 |
| 2015-09-01 | Rent | single-family home | $4.05 / sqft / month | 2,020 sqft | $8,181 | Duveneck/St. Francis 94303 |
| 2015-03-16 | Buy | condo | $1,020.00 / sqft | 1,120 sqft | $1,142,400 | Midtown 94303 |
| 2014-08-01 | Rent | luxury apartment | $4.25 / sqft / month | 820 sqft | $3,485 | University South 94301 |
| 2014-06-22 | Buy | single-family home | $1,385.00 / sqft | 2,450 sqft | $3,393,250 | Crescent Park 94301 |
| 2013-12-01 | Rent | condo | $3.55 / sqft / month | 980 sqft | $3,479 | Evergreen Park 94306 |
| 2013-05-31 | Buy | single-family home | $1,230.00 / sqft | 1,850 sqft | $2,275,500 | College Terrace 94306 |
| 2012-09-01 | Rent | apartment | $3.30 / sqft / month | 675 sqft | $2,228 | Downtown North 94301 |
| 2012-07-08 | Buy | single-family home | $1,035.00 / sqft | 2,115 sqft | $2,189,025 | Community Center 94301 |
| 2011-11-01 | Rent | single-family home | $3.15 / sqft / month | 1,720 sqft | $5,418 | Palo Verde 94303 |
| 2011-04-26 | Buy | townhouse | $790.00 / sqft | 1,410 sqft | $1,113,900 | Charleston Meadow 94306 |
| 2010-08-15 | Rent | duplex | $2.95 / sqft / month | 1,280 sqft | $3,776 | Ventura 94306 |
| 2010-06-14 | Buy | single-family home | $860.00 / sqft | 1,940 sqft | $1,668,400 | Triple El 94303 |
| 2009-12-01 | Rent | apartment | $2.70 / sqft / month | 640 sqft | $1,728 | Southgate 94306 |
| 2009-03-29 | Buy | single-family home | $760.00 / sqft | 1,690 sqft | $1,284,400 | Barron Park 94306 |
| 2008-09-01 | Rent | condo | $2.88 / sqft / month | 1,030 sqft | $2,966 | Midtown 94303 |
| 2008-05-20 | Buy | condo | $810.00 / sqft | 1,185 sqft | $959,850 | Downtown North 94301 |
| 2007-10-01 | Rent | single-family home | $3.10 / sqft / month | 2,050 sqft | $6,355 | Professorville 94301 |
| 2007-04-03 | Buy | duplex | $930.00 / sqft | 2,100 sqft | $1,953,000 | Evergreen Park 94306 |
| 2006-08-01 | Rent | apartment | $2.95 / sqft / month | 720 sqft | $2,124 | Ventura 94306 |
| 2006-06-18 | Buy | single-family home | $1,125.00 / sqft | 2,580 sqft | $2,902,500 | Old Palo Alto 94301 |
| 2005-11-01 | Rent | townhouse | $2.85 / sqft / month | 1,310 sqft | $3,734 | Charleston Gardens 94306 |
| 2005-07-27 | Buy | single-family home | $1,010.00 / sqft | 1,755 sqft | $1,772,550 | College Terrace 94306 |
| 2004-09-01 | Rent | single-family home | $2.65 / sqft / month | 1,850 sqft | $4,903 | Green Gables 94303 |
| 2004-03-12 | Buy | condo | $700.00 / sqft | 1,050 sqft | $735,000 | Palo Verde 94303 |
| 2003-08-15 | Rent | apartment | $2.55 / sqft / month | 610 sqft | $1,556 | University South 94301 |
| 2003-05-06 | Buy | single-family home | $835.00 / sqft | 2,340 sqft | $1,953,900 | Crescent Park 94301 |
| 2002-12-01 | Rent | duplex | $2.18 / sqft / month | 1,240 sqft | $2,703 | Evergreen Park 94306 |
| 2002-09-19 | Buy | single-family home | $705.00 / sqft | 1,680 sqft | $1,184,400 | Barron Park 94306 |
| 2001-06-01 | Rent | condo | $2.35 / sqft / month | 950 sqft | $2,233 | Midtown 94303 |
| 2001-02-10 | Buy | townhouse | $650.00 / sqft | 1,325 sqft | $861,250 | Ventura 94306 |
| 2000-10-15 | Rent | luxury apartment | $2.75 / sqft / month | 760 sqft | $2,090 | Downtown North 94301 |
| 2000-04-21 | Buy | single-family home | $760.00 / sqft | 2,210 sqft | $1,679,600 | Community Center 94303 |
| 1999-08-01 | Rent | single-family home | $2.28 / sqft / month | 1,450 sqft | $3,306 | College Terrace 94306 |
| 1999-06-12 | Buy | single-family home | $690.00 / sqft | 1,920 sqft | $1,324,800 | Old Palo Alto 94301 |
| 1998-11-01 | Rent | apartment | $2.06 / sqft / month | 700 sqft | $1,442 | Barron Park 94306 |
| 1998-03-27 | Buy | condo | $505.00 / sqft | 980 sqft | $494,900 | Downtown North 94301 |
| 1997-07-01 | Rent | townhouse | $1.92 / sqft / month | 1,180 sqft | $2,266 | Green Gables 94303 |
| 1997-05-03 | Buy | single-family home | $560.00 / sqft | 1,475 sqft | $826,000 | Southgate 94306 |
| 1996-09-10 | Rent | single-family home | $1.88 / sqft / month | 1,725 sqft | $3,243 | Crescent Park 94301 |
| 1996-02-16 | Buy | duplex | $415.00 / sqft | 1,820 sqft | $755,300 | Ventura 94306 |
| 1995-12-01 | Rent | apartment | $1.73 / sqft / month | 540 sqft | $934 | Evergreen Park 94306 |
| 1995-06-30 | Buy | single-family home | $480.00 / sqft | 2,050 sqft | $984,000 | Duveneck/St. Francis 94303 |
| 1994-10-01 | Rent | condo | $1.65 / sqft / month | 820 sqft | $1,353 | University South 94301 |
| 1994-04-09 | Buy | townhouse | $360.00 / sqft | 1,260 sqft | $453,600 | College Terrace 94306 |
| 1993-08-15 | Rent | single-family home | $1.58 / sqft / month | 1,580 sqft | $2,496 | Midtown 94303 |
| 1993-07-18 | Buy | single-family home | $430.00 / sqft | 1,885 sqft | $810,550 | Professorville 94301 |
| 1992-11-01 | Rent | duplex | $1.35 / sqft / month | 1,120 sqft | $1,512 | Ventura 94306 |
| 1992-03-22 | Buy | condo | $310.00 / sqft | 910 sqft | $282,100 | Palo Verde 94303 |
| 1991-09-01 | Rent | apartment | $1.42 / sqft / month | 650 sqft | $923 | Downtown North 94301 |
| 1991-05-14 | Buy | single-family home | $385.00 / sqft | 1,620 sqft | $623,700 | Barron Park 94306 |
Housing market overview for Palo Alto, CA
The real estate market in Palo Alto, CA can be compared more clearly by looking at price per square foot. Current estimates show an average buy price of $1,950.00 / sqft and an average rent of $3.74 / sqft / month.
Buyers can use the purchase price per square foot to compare homes, condos and apartments of different sizes. Renters can use monthly rent per square foot to compare different rental listings more accurately.
The reported values on this page show how prices can vary by neighborhood, property type, size and condition. Historical values help explain whether the local market has been rising, stable or cooling.
Frequently asked questions
What is the average home price per square foot in Palo Alto?
The average residential buy price in Palo Alto, CA is $1,950.00 / sqft based on the current values available on this page.
How much is rent per square foot in Palo Alto?
The average rental price in Palo Alto, CA is $3.74 / sqft / month. Actual rents can vary by neighborhood, property type and building quality.
Are property prices in Palo Alto increasing?
Buy prices have decreased by about 35.1% over the last 5 years. Rent prices have increased by about 15.3% over the last 5 years. These 5-year trends are based on the available individual historical comparable values.