Blog > Palo Alto Condo and Townhome Prices: Two Years of Sales and How They’ve Moved Since 2012
Palo Alto Condo and Townhome Prices: Two Years of Sales and How They’ve Moved Since 2012
by
What do condos and townhomes sell for in Palo Alto? In the two years to October 19, 2026, 220 condos and townhomes sold in Palo Alto, by the MLS records we can read with repeat records removed: 62 townhomes and 158 condos. The typical one sold for $1.52M, or $1,086 per square foot, and the typical house sold for $3.9M, or $2,057 per square foot. Below: townhomes against condos, prices by bedroom count, prices by ZIP code, and how prices have moved since 2012.
The short answer
- Townhomes vs. condos: the typical townhome sold for $1.82M (1,549 sq ft, $1,201 per square foot) and the typical condo for $1.37M (1,349 sq ft, $1,038 per square foot).
- Bidding: 40% of condo and townhome sales closed over the final list price (houses: 67%), and the median sale closed at the list price.
- Ten years: the median condo and townhome price per square foot went from $1,020 (two years to Oct. 19, 2016) to $1,086, up 7%. Houses went from $1,441 to $2,057, up 43%, over the same years.
- Since 2018: the yearly median has stayed between $1,077 (2024) and $1,291 (2018) per square foot.
Townhomes vs. condos
Sales in the two years to Oct. 19, 2026. The listing’s MLS type decides which is which: a townhome usually has its own entrance and no unit above or below, and a condo is a unit in a shared building.
| Type | Sales | Median price | Median size | Median $/sq ft | Median sale vs. list | Sold over asking |
|---|---|---|---|---|---|---|
| Townhomes | 62 | $1.82M | 1,549 sq ft | $1,201 | 2.3% over | 61% |
| Condos | 158 | $1.37M | 1,349 sq ft | $1,038 | at asking | 31% |
| All condos & townhomes | 220 | $1.52M | 1,392 sq ft | $1,086 | at asking | 40% |
| Houses, for comparison | 714 | $3.9M | 2,019 sq ft | $2,057 | 4.7% over | 67% |
By bedrooms
Condos and townhomes together. Rows with fewer than 5 sales show only the count.
| Bedrooms | Sales | Median price | Median size | Median $/sq ft |
|---|---|---|---|---|
| Studio or 1 bedroom | 18 | $824K | 793 sq ft | $958 |
| 2 bedrooms | 122 | $1.39M | 1,331 sq ft | $1,038 |
| 3 bedrooms | 73 | $1.89M | 1,565 sq ft | $1,205 |
| 4 or more | 7 | $2.5M | 1,975 sq ft | $1,229 |
By ZIP code
Each ZIP links to its page, with live listings and recent sales.
| ZIP | Sales | Median price | Median size | Median $/sq ft | Median sale vs. list | Sold over asking |
|---|---|---|---|---|---|---|
| 94301 | 66 | $1.7M | 1,461 sq ft | $1,255 | at asking | 38% |
| 94303 | 46 | $1.62M | 1,436 sq ft | $1,107 | at asking | 46% |
| 94306 | 108 | $1.41M | 1,375 sq ft | $1,026 | at asking | 38% |
Condo and townhome prices since 2012
Median price per square foot by year of sale, with houses for comparison.
| Year | Condo & townhome sales | Condo & townhome $/sq ft | House $/sq ft |
|---|---|---|---|
| 2012 | 143 | $633 | $951 |
| 2013 | 107 | $730 | $1,104 |
| 2014 | 105 | $908 | $1,307 |
| 2015 | 80 | $999 | $1,467 |
| 2016 | 93 | $1,062 | $1,445 |
| 2017 | 88 | $1,123 | $1,558 |
| 2018 | 83 | $1,291 | $1,683 |
| 2019 | 73 | $1,133 | $1,607 |
| 2020 | 80 | $1,089 | $1,609 |
| 2021 | 127 | $1,116 | $1,757 |
| 2022 | 107 | $1,156 | $1,927 |
| 2023 | 77 | $1,166 | $1,799 |
| 2024 | 92 | $1,077 | $1,915 |
| 2025 | 102 | $1,086 | $2,002 |
| 2026 (to Oct. 19) | 100 | $1,080 | $2,128 |
Reading it right
- Monthly HOA dues aren’t in the price. Two units at the same price can cost very different amounts to own, so compare dues and what they cover. Our HOA Lab walks through what to ask for.
- The mix changes. Newer, larger townhomes selling in one year and older condos in another move the medians, even if no single home changed in value.
- Price per square foot isn’t comparable to a house. A house price includes its whole lot; a condo comes with a share of common land and a townhome usually with a small lot.
- Small samples swing. Every row shows its sale count.
- Past prices aren’t a forecast or the value of any one home.
How we counted
Closed sales reported to the MLS, read through the IDX feeds that power our home search, with repeat records removed (one record per MLS number). Condo and townhome follow the listing’s MLS property type; mobile homes, multi-unit buildings and commercial sales are left out. Price per square foot uses sales with a recorded living area between 400 and 20,000 square feet; sale vs. list uses sales with a final list price.
Go deeper
Our condo vs. house price per square foot post compares the gap in 32 cities. For Palo Alto houses, see home prices by neighborhood, 2016 vs. 2026 and where homes sell over asking. How Much Over Asking tracks bidding across the region, and the Palo Alto city guide links every neighborhood guide. Our sales map shows the homes we’ve sold there.
The Palo Alto data series: housing market by the numbers · neighborhoods ranked by price per sq ft · where homes sell over asking · ten years of prices by neighborhood · house prices by bedrooms · houses under $3M · houses at $5M and up · the best month to sell · our sales map
Buying or selling a condo or townhome in Palo Alto?
A Property Nerd will pull the recent sales in your complex and the ones like it nearby, and go through the HOA documents with you. Call (408) 373-1660 or (650) 383-8606, or book a strategy call. Commissions are negotiable, and we offer bundled services, so ask us what’s included.