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 April 2023
Since last year, East Palo Alto has remained a Seller's Market.
Housing Prices in East Palo Alto, CA
How much do homes in East Palo Alto, CA cost?
Median Sold Price
$985,000
$796/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in East Palo Alto was $985,000 in April 2024, up 3.1% from last year, and the median price per square foot was $796.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $457.5K | - | N/A |
2 Bedrooms | $865K | $860K | -0.6% |
3 Bedrooms | $882.5K | $975K | +10.5% |
4 Bedrooms | $1.2M | $1.4M | +16.4% |
5+ Bedrooms | $1.2M | $1.0M | -11.9% |
Summary: East Palo Alto housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.6%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes decreased by 11.9%.
Median Sold Price Compared To Nearby Cities
East Palo Alto | $955K | $985K | +3.1% |
Palo Alto | $3.1M | $3.0M | -3.2% |
Menlo Park | $2.6M | $2.4M | -7.6% |
Housing Supply in East Palo Alto, CA
How many homes are available in East Palo Alto, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
28 | 35 | +25.0% |
Summary: The East Palo Alto real estate market had 35 homes for sale in April 2024, a 25.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 8 | 9 | +12.5% |
3 Bedrooms | 9 | 11 | +22.2% |
4 Bedrooms | 5 | 8 | +60.0% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The East Palo Alto housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 60%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 8 | +33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in East Palo Alto in April 2024, up by 33.3% month-over-month. Of the 8 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
12 Days | 10 Days | -11.3% |
Summary: Homes in East Palo Alto had an average of 10 days on market in Apr 2024, down by 11.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in East Palo Alto; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.