Is East Palo Alto, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Palo Alto is a seller's market

Buyer's
Market

Difference Since November 2021

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.

How much do homes in East Palo Alto, CA cost?

Median Sold Price

$975,000

$764/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

-$25,000(-2.5%)

Key Takeaway

Homes in East Palo Alto have sold for 2.5% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $664.4K$525K
-21.0%
2 $840K$865K
+3.0%
3 $983K$996K
+1.3%
4 $1.3M$1.3M
-1.2%
5+ $1.1M$1.3M
+18.6%

Median Sold Price Compared To Nearby Cities

Palo Alto
+3.5%
East Palo Alto
-2.5%
Menlo Park
-4.1%

How many homes are available in East Palo Alto, CA?

Number of Homes For Sale

Oct 2022Nov 2022%
2421-12.5%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 32
-33.3%
2 33
0.0%
3 107
-30.0%
4 46
+50.0%
5+ 43
-25.0%

Number of Homes Sold

Oct 2022Nov 2022%
67+16.7%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Palo Alto, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
26 Days45 Days+70.0%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in East Palo Alto has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About East Palo Alto, CA

Number of homes for sale in East Palo Alto, CA real estate market have reached 21. The number of listings in East Palo Alto, CA decreased by 12.5% between October 2022 and November 2022. In November 2022 median list price was $975,000 and the average listing age was 45 days. Real estate listing prices changed between October 2022 and November 2022: prices of 1 bedroom properties decreased by 21%, prices of 2 bedrooms properties went up by 3%, the cost of 3 bedrooms properties went up by 1.3%, 4 bedrooms properties prices decreased by 1.2%, 5 bedrooms properties became 18.6% more expensive. Housing inventory have changed in this real estate market: 1 bedroom homes inventory decreased by 33.3%, 2 bedrooms homes did not move, volume of 3 bedrooms homes went down by 30%, 4 bedrooms homes became 50% more available, number of 5 bedrooms homes decreased by 25%. Over 1 listings were sold over their listed price in November 2022 in East Palo Alto, CA. In the same period over 6 listings were sold below the listed price and 0 listings were sold for the listed price.

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