$10,000 Closing Credit*
$1,050,000
2,073 SqFt
Scott Kilpatrick, Listing Office: Compass
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 September 2023
At the same time last year, East Palo Alto was a Seller's Market.
Key Takeaway
East Palo Alto is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in East Palo Alto, CA
How much do homes in East Palo Alto, CA cost?
Median Sold Price
$1,024,000
$767/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$91,200(+9.8%)
Key Takeaway
Homes in East Palo Alto have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in East Palo Alto was $1,024,000 in September 2024, up 9.8% from last year, and the median price per square foot was $767.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $430K | $622.5K | +44.8% |
| 2 Bedrooms | $840K | $781.5K | -7.0% |
| 3 Bedrooms | $900K | $1.0M | +11.2% |
| 4 Bedrooms | $1.0M | $1.4M | +28.3% |
| 5+ Bedrooms | $1.2M | $1.0M | -11.4% |
Summary: East Palo Alto housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 44.8%, 2 bedroom homes decreased by 7%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 28.3%, and 5+ bedroom homes decreased by 11.4%.
Median Sold Price Compared To Nearby Cities
| East Palo Alto | $932.8K | $1.0M | +9.8% |
| Menlo Park | $2.5M | $2.7M | +5.6% |
| Palo Alto | $3.0M | $3.2M | +4.4% |
Housing Supply in East Palo Alto, CA
How many homes are available in East Palo Alto, CA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 24 | 22 | -8.3% |
Summary: The East Palo Alto real estate market had 22 homes for sale in September 2024, a 8.3% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 8 | 6 | -25.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The East Palo Alto housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 10 | 3 | -70.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in East Palo Alto, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in East Palo Alto in September 2024, down by 70.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 19 Days | 66 Days | +235.6% |
Summary: Homes in East Palo Alto had an average of 66 days on market in Sep 2024, up by 235.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was 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 September 2024, 3 homes were sold in East Palo Alto; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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