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 March 2023
At the same time last year, East Palo Alto was a Seller's Market.
Housing Prices in East Palo Alto, CA
How much do homes in East Palo Alto, CA cost?
Median Sold Price
$952,500
$793/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in East Palo Alto was $952,500 in March 2024, down 2.2% from last year, and the median price per square foot was $793.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $457.5K | - | N/A |
2 Bedrooms | $890K | $837.5K | -5.9% |
3 Bedrooms | $911K | $960K | +5.4% |
4 Bedrooms | $1.3M | $1.3M | +6.9% |
5+ Bedrooms | $1.2M | $1.0M | -11.9% |
Summary: East Palo Alto housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes decreased by 11.9%.
Median Sold Price Compared To Nearby Cities
East Palo Alto | $974K | $952.5K | -2.2% |
Palo Alto | $3.1M | $2.9M | -5.1% |
Menlo Park | $2.6M | $2.3M | -8.0% |
Housing Supply in East Palo Alto, CA
How many homes are available in East Palo Alto, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 30 | +36.4% |
Summary: The East Palo Alto real estate market had 30 homes for sale in March 2024, a 36.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 8 | 9 | +12.5% |
3 Bedrooms | 8 | 9 | +12.5% |
4 Bedrooms | 3 | 5 | +66.7% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The East Palo Alto housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 5 | -28.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in East Palo Alto in March 2024, down by 28.6% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
14 Days | 37 Days | +163.4% |
Summary: Homes in East Palo Alto had an average of 37 days on market in Mar 2024, up by 163.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in East Palo Alto; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.