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Bright Homes Real Estate | July 2023 Market Report Palo Alto Area

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<strong>Palo</strong> <strong>Alto</strong><br />

What's in the <strong>Palo</strong> <strong>Alto</strong> data?<br />

In June, <strong>Palo</strong> <strong>Alto</strong> had 96 homes for sale,<br />

providing the market with 1.5 months of inventory.<br />

There were 40 new listings and a total of 41<br />

homes sold. The median sale price was $3.4m,<br />

and the median overbid was 98.2%. The average<br />

time on the market was 27 days.<br />

There are 28 condo and townhome units for sale,<br />

providing the market with 1.8 months of inventory.<br />

There were 14 new listings for sale and 10 condos<br />

sold, with a median sale price of $1.4m and a<br />

median overbid of 100.7%. The average time on<br />

the market was 23 days.

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