About the segment
About Homes Under $1M in Palo Alto, CA
Homes Under $1M in Palo Alto, CA are currently averaging $846,200 with an average of 36 days on market. There are 5 active listings. The average price per square foot is $856.
Palo Alto is part of the Silicon Valley / Central Coast market. Data from MLSListings Inc., refreshed every 15 minutes.
Current Under $1M Homes in Palo Alto
5 featured on this page · 5 active in this segment
How much do homes under $1M cost in Palo Alto? The current average price for homes under $1M in Palo Alto, CA is $846,200, up 9.7% vs Last Year. This segment is averaging 36 days on market and selling at 99.4% of asking price.
There are currently 5 active homes under $1M in Palo Alto. At the current absorption rate, this is approximately 3.0 months of inventory.
The average runs $856 per square foot, calculated from closed sales over the trailing twelve months.
With live MLS alerts: see it the moment it hits, with comps and context, and decide with data.
Segment scope. Every under $1m figure on this page counts only Palo Alto listings that match the Under $1M segment. A Palo Alto listing outside that segment is not in these figures, and a home with a Palo Alto mailing address that the MLS classifies to another city is not either.
Figures labelled citywide cover all Palo Alto listings regardless of segment and are shown for comparison only. Where a label does not say citywide, the figure is the exact under $1m segment. Every figure comes from the MLSListings Inc. compilation. Active counts are recalculated on a fifteen minute cycle. Closed-sale metrics are recalculated when the reporting period closes. Each has one definition and one label, used the same way everywhere on this page.
- Active Listings is a count of exact under $1m Palo Alto listings in active or contingent status at the snapshot time. It includes active and contingent and excludes pending and sold.
- Avg Sale Price is the average closed price for the exact under $1m segment.
- Avg Days on Market is the average number of days from list to contract for under $1m segment homes that have closed. It excludes homes currently active.
- Price per Sq Ft is the average of closed price divided by finished square footage for the exact under $1m segment.
- Sale to List is closed price divided by final list price for the under $1m segment. Where a home was reduced before selling, the reduction is not counted against the ratio. A ratio calculated against original list price would be lower.
- Months of Supply is active segment listings divided by the average monthly closed count for the under $1m segment.
- vs Last Year compares each closed-sale reporting period with the equivalent period one year earlier. Snapshot metrics, meaning Active Listings, compare with the corresponding prior-year snapshot rather than with a period.
Where a figure could not be verified against the compilation for the stated scope at render time, it renders as a dash. It is never estimated and never carried over from a prior refresh.
Open Houses This Weekend, Under $1M in Palo Alto
No Under $1M open houses are scheduled in Palo Alto this weekend. New open houses post throughout the week.
Hot This Week in Palo Alto
Homes Under $1M in Palo Alto: What You Need to Know
Palo Alto offers strong, sustained housing demand. The homes under $1M scope is one of the most actively searched in this market. With 5 active listings and approximately 3.0 months of supply, finding the right home here rewards strategy, speed, and accurate data.
For Buyers
At 36 days average on market, well-priced homes under $1M can attract strong interest quickly. The average price of $846,200 reflects real buyer demand. The most successful buyers see listings early, arrive pre-approved with an offer strategy, and understand comparable sales so they can bid with data.
For Sellers
Homes here are selling at 99.4% of asking price, and well-positioned listings generate competitive interest. Pricing in line with recent comparable sales to create competitive tension has consistently outperformed the list-high approach.
"The difference between getting the home and losing it often comes down to a few hours. My clients see listings the moment they hit the MLS, with comp data and an offer range already attached."Timothy Alston, Broker, Aegis Luxury Real Estate
Why Homes Under $1M in Palo Alto Stand Out
Recently Sold in Palo Alto
Closed within 12 months · Palo Alto
$888/sqft · -3.6% below list
Keller Williams Thrive$830/sqft · +0.0% above list
Christie's International Real Estate Sereno$990/sqft · +3.0% above list
Compass$653/sqft · -9.1% below list
Coldwell Banker Realty$923/sqft · -1.3% below list
Redfin$902/sqft · -6.5% below list
Coldwell Banker RealtyRates vs. prices: Monitoring the scope as listings hit lets you act on data, not headlines.
You don't have to bid blind: Our alerts include real comparable sales so you know what similar homes actually sold for.
The data-backed move: With about 3.0 months of supply, watching new listings as they hit is a structural advantage.