Median Price: ⬆️ 11% year-over-year to $4.8 M
(Palo Alto +5.4% → $3.8 M | Menlo Park +3.5% → $3.3 M)
Speed of Sales: Homes sell in a median of 8 days, forcing quick buyer decisions.
Overbidding: Buyers paying 6% above asking on average
(vs 4% in Palo Alto | 2% in Menlo Park)
Bidding Wars:
• 12% of Los Altos homes closed ≥ $1 M over list
• 33% sold ≥ $500 K over list
(Palo Alto 3% | Menlo Park 0%)
Luxury Segment: 86 homes (≈ 46% of sales) closed > $5 M.
Inventory: ⬆️ 17% YoY; new listings up 35% in July–August
(Palo Alto +9% | Menlo Park –2%)
While Los Altos led overall growth, Palo Alto set new ultra-luxury records this year.
18 sales > $8 M YTD (13 in H1 — most ever in six months).
Speed: 7 of those entered contract in < 1 week (vs 47 days last year).
Neighborhood Spotlight: Old Palo Alto ≈ 50% of all $8 M+ sales; inventory ⬆️ 21% YoY.
Top Sales over $18M:
🏠 Community Center home listed at $17.5 M → sold with 3 offers for $19.2 M
Historic Old Palo Alto home on 0.6 acres → $18 M closing
Comparisons: Menlo Park 12 sales > $8 M | Los Altos 11
Los Altos is on fire — any home with a decent lot size is selling above $4 M.
In September, 39 properties — double last month’s number — sold for $200 K+ over list.
Twenty of those closed $400 K+ above asking amid fierce multiple-offer battles.
Despite higher rates and economic uncertainty, buyer demand remains unshaken.
💥 One West San Jose home sold nearly $1 million over asking, and 11 properties attracted 10 + offers within a week.
49 Cielito Drive, Los Altos: 13 offers (Listed at $5.5M Sold over $6.6M)
130 Garland Way, Los Altos : 18 offers (Listed at $4.998M sold for $6.678M)
892 W Knickerbocker Dr, Sunnyvale: 23 offers
892 W Knickerbocker Dr, Sunnyvale: 23 offers
1376 Brook Glen Dr, West San Jose: 20 offers
1539 Crespi Dr, West San Jose: 17 offers
543 Crawford Dr, Sunnyvale: 13 offers
1514 Samedra St, Sunnyvale: 12 offers
735 Winstead Terrace, Sunnyvale: 11 offers
788 Mayten Tree Ct, Sunnyvale: 11 offers
20211 Argonaut Dr, Saratoga: 11 offers
14251 Paul Ave, Saratoga: 10 offers
3173 South Ct, Palo Alto: 16 offers
4244 Los Palos Pl, Palo Alto: 15 offers
| Address | List Price | Sold Price | Δ Over List | Offers |
|---|---|---|---|---|
| 949 Bidwell Ave | $1.988 M | $2.300 M | +$302 K | 3 |
| 735 Winstead Terrace | $999 K | $1.281 M | +$281 K | 11 |
| 1190 Morse Ave | $1.191 M | $1.551 M | +$360 K | — |
| 788 Mayten Tree Ct | $2.289 M | $2.800 M | +$511 K | 11 |
| 992 Planetree Pl | $2.389 M | $3.001 M | +$612 K | 9 |
| 892 W Knickerbocker Dr | $2.789 M | $3.568 M | +$779 K | 23 |
| 1514 Samedra St | $2.899 M | $3.650 M | +$751 K | 12 |
| 543 Crawford Dr | $2.099 M | $2.550 M | +$451 K | 13 |
(Additional Sunnyvale, Cupertino, and Saratoga results follow in detailed tables if you’d like to include them in collapsible sections.)
| Address | List Price | Sold Price | Δ Over List | Offers |
|---|---|---|---|---|
| 891 E Estate Dr, Cupertino | $3.999 M | $4.205 M | +$206 K | — |
| 10211 E Estate Dr, Cupertino | $2.999 M | $3.550 M | +$550 K | 7 |
| 1376 Brook Glen Dr, W San Jose | $2.650 M | $3.616 M | +$966 K | 20 |
| 1094 Windsor St, W San Jose | $3.999 M | $4.700 M | +$700 K | 6 |
| Address | List Price | Sold Price | Δ Over List | Offers |
|---|---|---|---|---|
| 14251 Paul Ave | $2.388 M | $2.757 M | +$369 K | 10 |
| 20211 Argonaut Dr | $3.788 M | $4.600 M | +$812 K | 11 |
| 15195 El Camino Grande | $4.098 M | $4.900 M | +$802 K | 6 |
| 19521 Tweed Ct | $4.998 M | $5.350 M | +$352 K | — |
| Address | List Price | Sold Price | Δ Over List | Offers |
|---|---|---|---|---|
| 840 Lincoln Ave | $17.5 M | $19.2 M | +$1.7 M | 3 |
| 1310 Greenwood Dr | $5.498 M | $6.000 M | +$502 K | 5 |
| 2526 Webster St | $4.858 M | $5.520 M | +$662 K | 8 |
| 4244 Los Palos Pl | $3.980 M | $4.720 M | +$740 K | 16 |
| 3173 South Ct | $3.298 M | $3.900 M | +$602 K | 16 |
The Silicon Valley housing market continues to amaze.
With the AI boom projected to last through 2027, prices could climb even higher next year — especially if interest rates ease and the stock market stays strong.
Compass
578 University Avenue
Palo Alto, CA 94301
CA DRE# 01471341
Umang Sanchorawala