Why Live in Crescent Park
Crescent Park in Palo Alto is a highly sought-after neighborhood, favored by Silicon Valley professionals. The area features single-family homes with diverse architectural styles, including Tudor, Spanish, Colonial, Craftsman, and Mediterranean bungalows, particularly along University Avenue and near San Francisquito Creek. The neighborhood's large yards often include landscaped gardens and mature trees, creating a picturesque setting. Crescent Park is conveniently located near downtown Palo Alto, offering easy access to shops, restaurants, and attractions. Dining options range from classic Greek dishes at TAVERNA to cocktails with a view at President’s Terrace, the city’s only rooftop bar. The area is also home to highly rated schools such as Duveneck Elementary, Frank S. Greene Middle, and Palo Alto High, along with private institutions like Stratford School and Castilleja School. Residents enjoy outdoor activities at Eleanor Pardee Park and Rinconada Park, which feature community gardens, playgrounds, a swimming pool, and tennis courts. Golf enthusiasts can visit Baylands Golf Links, while moviegoers can catch a film at the historic Stanford Theatre. The neighborhood is well-connected with bike lanes, sidewalks, and public transportation options, including Caltrain and several bus services. Crescent Park is safer than the national average, with low crime risk areas. The Palo Alto Airport is 3 miles east, and San José Mineta International Airport is 15 miles away. While the neighborhood itself is at low risk for wildfires, nearby mountain ranges have experienced significant fires, potentially affecting air quality.
Home Trends in Crescent Park, CA
On average, homes in Crescent Park, Palo Alto sell after 29 days on the market compared to the national average of 51 days. The median sale price for homes in Crescent Park, Palo Alto over the last 12 months is $4,670,000, down 8% from the median home sale price over the previous 12 months.
Median Sale Price
$4,670,000
Median Single Family Sale Price
$5,350,000
Median 2 Bedroom Sale Price
$1,275,000
Average Price Per Sq Ft
$2,113
Number of Homes for Sale
6
Last 12 months Home Sales
69
Median List Price
$5,249,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
-8%