Why Live in Old Palo Alto
Old Palo Alto is a diverse neighborhood featuring a mix of historical and modern homes, ranging from Victorian and Tudor styles by renowned architects to contemporary and Mediterranean-inspired estates. The area is known for its high property values, with land alone being extremely valuable. The neighborhood is home to a variety of housing options, including ranch-style homes, Spanish Colonials, townhouses, and condos. Residents enjoy numerous parks and recreational facilities, such as the Palo Alto Lawn Bowls Club, Elizabeth F. Gamble Garden, Peers Park, and Bowden Park. The Palo Alto Junior Museum and Zoo offer interactive exhibits for children. The neighborhood features independent retailers and dining options along California Avenue and El Camino Real, including the Michelin-starred Protégé restaurant. For grocery shopping, locals frequent Mollie Stone’s Markets and Real Produce International Market. Commuters have convenient access to Highway 101 and Caltrain stations, with San Francisco International Airport 22 miles away and San Jose Mineta International Airport 16 miles away. The neighborhood is served by highly rated schools, including Walter Hays Elementary, Greene Middle School, Palo Alto High School, and the private Stratford School.
Home Trends in Old Palo Alto, CA
On average, homes in Old Palo Alto, Palo Alto sell after 27 days on the market compared to the national average of 51 days. The median sale price for homes in Old Palo Alto, Palo Alto over the last 12 months is $4,825,000, up 16% from the median home sale price over the previous 12 months.
Median Sale Price
$4,825,000
Median Single Family Sale Price
$5,550,000
Median Townhouse Sale Price
$3,674,000
Median 2 Bedroom Sale Price
$1,175,000
Median 1 Bedroom Sale Price
$730,000
Average Price Per Sq Ft
$1,894
Number of Homes for Sale
17
Last 12 months Home Sales
84
Median List Price
$4,298,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
16%