6 photos · MLS data verified October 9, 2026 · Updated every 15 min
$6,300,000
Active
2 Beds·1 Baths·1,120 sqft·7,200 sqft lot·Built 1910
340 Palo Alto Ave, Palo Alto, CA 94301
Listed 80 days ago · | MLS# ML82055000
$5,625/sqft +161.1% vs Palo Alto single family home median ($2,154/sqft, 2026)
340 Palo Alto Ave is a 2-bedroom, 1-bath single family home in Palo Alto 94301 with 1,120 square feet of living space, built in 1910. It is listed at $6,300,000, or $5,625 per square foot. The 2026 median sale price for a Palo Alto single family home is $4.17M, and the most recent 2-bedroom sales in 94301 closed between $1,680,000 and $1,920,000 ($1,302 to $2,000 per square foot).
Est. $39,514/moP&I $32,689 · Tax $6,562 · Insurance $262 · HOA $0Assumes 20% down ($1,260,000) at 6.75% · Contact Timothy for a lender referralAegis Luxury Real Estate is a licensed California real estate brokerage (DRE# 01328224) and is not a mortgage lender, mortgage broker, or loan originator. The figures shown are estimates for general reference only and do not constitute a loan offer, pre-approval, pre-qualification, or commitment to lend. Estimates use a property tax rate of 1.25% of home price annually. Actual rates, payments, taxes, and insurance vary by lender and borrower qualifications. Contact Timothy for a referral to one of our preferred lending partners.
Single Family Price Position in Palo Alto
$2.7M$7.8M
62Active in Palo Alto
36Active Single Family Homes
9Median DOM, Sep
$2,000Median $/SqFt, 2026
107.8%Sale-to-List, Sep
1.3 moInventory
For HomeownersOwn a home in Palo Alto? Palo Alto homes sold at 107.8% of list price in a median of 9 days in September 2026.See What Yours Would Sell For →
Why This Home Stands Out
🏠
2 Bed / 1 Bath, 1,120 sqft
Built in 1910.
💰
$6,300,000, Above the 2026 Palo Alto Single Family Median of $4.17M
$5,625/sqft against a 2026 Palo Alto single family home median of $2,154/sqft (161.1% above).
Best fit forActive BuyersPalo Alto SearchersMove-Up / Move-In
About 340 Palo Alto Ave
340 Palo Alto Avenue consists of a charming single-story 2 bed 1 bath home on a +/- 0.2 acre lot with rare development potential in prime North Downtown Palo Alto. Ownership has filed an SB79 application to develop a 3-story, 6-luxry condo project. The +/- 1,500-1,550 sq. ft. 3 bedroom 3.5 bath premium condos will feature large terraces overlooking the tree-lined San Francisquito Creek. The property will feature a lobby entry with an elevator, two stairwells, privatized storage for each unit, at-grade parking, an interior trash/recycling room, all-electric service, and an attractive exterior façade consisting of painted brick and wood elements, a nod to its contemporary and greenbelt surroundings. Additionally, an option may exist to add a 7th penthouse suite unit which would be a larger +/- 1,800 sq. ft. residence on its own floor, with spectacular views. The property feeds to the #1 ranked school district in California; Addition Elementary, Greene Middle and Palo Alto High schools. The amenity-rich location is convenient to retail and restaurant options of University Avenue and Stanford Shopping Center, Caltrain Station, major transportation arteries, and world-class Silicon Valley employers.
MLS ID #ML82055000, Joel Hopman. Listing provided by Newmark Cornish & Carey · MLSListings Inc.
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Property Details for 340 Palo Alto Ave
Overview
- Property Type
- Single Family Residence
- Year Built
- 1910
- Bedrooms
- 2
- Bathrooms
- 1 Full
- Living Area
- 1,120 sqft
- Lot Size
- 7,200 sqft (0.17 acres)
- Price/sqft
- $5,625
- Status
- Active
Interior
- Kitchen
- Dining area
- Heating
- Forced air
- Cooling
- None
- Family Room
- Kitchen family room combo
Exterior and Parking
- Roof
- Composition, Shingle
- Foundation
- Concrete perimeter
- Lot Features
- Grade level
- Fencing
- None
- Zoning
- R1
Community and HOA
- Utilities
- Public, Water public
- County
- Santa Clara
- City
- Palo Alto
- ZIP Code
- 94301
Schools
- School District
- Palo Alto Unified
- Palo Alto Schools
- View Palo Alto schools
Listing
- MLS Number
- ML82055000
- Listed
- July 21, 2026
- Days on Market
- 80
- Listing Agent
- Joel Hopman
- Listing Brokerage
- Newmark Cornish & Carey
- Data Verified
- October 9, 2026
Source: MLSListings Inc. School attendance boundaries are set by the district and can change; verify directly with the district.
Free from Aegis · Updated for October 2026
Three Palo Alto Reports the Listing Does Not Give You
📄Palo Alto Market ReportFree 9-page PDF with bedroom breakdowns, comp data and pricing trends, updated monthly.Email Me the Report →📋Palo Alto Buyer BriefA personalized brief with comp data, offer strategy and neighborhood context.Email Me the Report →🎯Palo Alto Offer StrategyComp analysis and bid recommendations before you write an offer on this home.Email Me the Report →
Location
340 Palo Alto Ave, Palo Alto, CA 94301 · Santa Clara County
Market Context
Price Positioning
$ Price context: Listed at $5,625/sqft vs a 2026 Palo Alto single family home median of $2,154/sqft (161.1% above).
$ Sale-to-list: Palo Alto sales closed at 107.8% of list price in September 2026.
⏲ Velocity: City median 9 days (September 2026). This home: 80 days.
🏠 Inventory: 12 2-bedroom homes and 36 single family homes currently active in Palo Alto.
Source: MLSListings Inc. Timothy Alston, Broker, DRE# 01328224.
Want to know what this home will actually sell for? Get a data-backed offer range based on recent comparable sales.
Get My Offer Range →Frequently Asked Questions
Listed at $6,300,000 ($5,625/sqft). The 2026 median for a Palo Alto single family home is $2,154/sqft, which puts this home 161.1% above it. The most recent 2-bedroom sales in 94301 closed at $1,302 to $2,000 per sqft.
Listed July 21, 2026. That is 80 days on market as of October 9, 2026. The Palo Alto median was 9 days on market in September 2026.
Est. $39,514/mo with 20% down ($1,260,000) at 6.75%. That is principal and interest $32,689, property tax $6,562 and insurance $262. The assumptions and lender disclosure are with the payment estimate at the top of this page.
There are 62 active listings in Palo Alto: 12 are 2-bedroom and 36 are single family homes. At $6,300,000 this home is above the 2026 Palo Alto single family home median sale price of $4.17M. Palo Alto sales closed at 107.8% of list price in September 2026.
The most recent 2-bedroom sales in Palo Alto 94301 closed at $1,680,000 and $1,920,000, or $1,302 to $2,000 per sqft. Across all property types, the 2026 Palo Alto median is $2,000 per sqft, and the September median was 9 days on market.
Yes. As of October 9, 2026, 340 Palo Alto Ave is an active listing at $6,300,000. It is a 2-bedroom, 1-bath single family home.
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Broker · DRE# 01328224 · Over 23 Years Experience
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October 2026. Built on the same live MLS data Timothy uses with clients.
Market ReportEmail it to me →Buyer BriefEmail it to me →Offer StrategyEmail it to me →Market Snapshot
$3.61MMedian Sale Price, Sep-8.1% vs Last Year
9Median DOM, Sep+1 days vs Last Year
62Active Listings-47.0% vs Last Year
107.8%Sale-to-List, Sep+2.6% vs Last Year
For Homeowners
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What would your Palo Alto home sell for today?
Palo Alto homes sold at 107.8% of list price in a median of 9 days in September 2026.
107.8%Sale-to-List, Sep
9Median Days, Sep
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Schools in Palo Alto
Aegis School Excellence Index
10
Palo Alto Unified SD · K-5
10
Palo Alto Unified SD · 6-8
10
Palo Alto Unified SD · 9-12
School information is for general reference only. Contact districts directly for enrollment and boundary info.
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For Homeowners
Your neighbors are selling. Should you?
In September 2026, 48 homes sold in Palo Alto at a median sale price of $3.61M, and sales closed at 107.8% of list price.
48Sold (September 2026)
$3.61MMedian Sale Price
107.8%Sale-to-List (September 2026)
What happens when the right home lists and nobody knows you are looking for it?
In Palo Alto, 11 new listings hit the MLS this week. By the time most search sites update, the window has already narrowed.
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Latest Palo Alto Insights
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Buyers
See 340 Palo Alto Ave before the weekend
Listed 80 days ago. Half of Palo Alto's September sales sold within 9 days on market, so early showings see the most competition.
Sellers
What would your Palo Alto home sell for?
48 homes sold in Palo Alto in September 2026 at a median sale price of $3.61M and 107.8% of list price.
Get My Home's Value →Questions
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Timothy Alston, Broker, DRE# 01328224. Over 23 years in Silicon Valley real estate.
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