$10,000 Closing Credit*
$1,299,000
1,570 SqFt
4 Beds
•2 Full Baths
Karla Upshur, Listing Office: Redfin
Is East Palo Alto, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, East Palo Alto has remained a Seller's Market.
Key Takeaway
East Palo Alto is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Palo Alto, CA
How much do homes in East Palo Alto, CA cost?
Median Sold Price
$1,040,000
$750/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$92,000(+9.7%)
Key Takeaway
Homes in East Palo Alto have sold for 9.7% more than they did a year ago.
Summary: The median home sold price in East Palo Alto was $1,040,000 in October 2024, up 9.7% from last year, and the median price per square foot was $750.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $455K | $622.5K | +36.8% |
| 2 Bedrooms | $840K | $785K | -6.5% |
| 3 Bedrooms | $911K | $1.0M | +14.2% |
| 4 Bedrooms | $1.0M | $1.3M | +26.4% |
| 5+ Bedrooms | $1.3M | $1.0M | -17.1% |
Summary: East Palo Alto housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.8%, 2 bedroom homes decreased by 6.5%, 3 bedroom homes increased by 14.2%, 4 bedroom homes increased by 26.4%, and 5+ bedroom homes decreased by 17.1%.
Median Sold Price Compared To Nearby Cities
| East Palo Alto | $948K | $1.0M | +9.7% |
| Palo Alto | $3.0M | $3.2M | +7.7% |
| Menlo Park | $2.5M | $2.6M | +4.8% |
Housing Supply in East Palo Alto, CA
How many homes are available in East Palo Alto, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 31 | +47.6% |
Summary: The East Palo Alto real estate market had 31 homes for sale in October 2024, a 47.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 6 | 10 | +66.7% |
| 4 Bedrooms | 3 | 8 | +166.7% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The East Palo Alto housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 166.7%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 8 | +166.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Palo Alto, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in East Palo Alto in October 2024, up by 166.7% month-over-month. Of the 7 sold homes, 43% were sold under asking, 0% were sold at asking, and 57% were sold over asking.
Days on Market for East Palo Alto, CA
How long does it take to sell a home in East Palo Alto, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 23 Days | -29.7% |
Summary: Homes in East Palo Alto had an average of 23 days on market in Oct 2024, down by 29.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Palo Alto are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in East Palo Alto; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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