Is Altoona, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Altoona has remained a Seller's Market.
Key Takeaway
Altoona is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Altoona, IA
How much do homes in Altoona, IA cost?
Median Sold Price
$319,228
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Altoona have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Altoona was $319,228 in May 2024, up 6.4% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $94.9K | - | N/A |
| 2 Bedrooms | $185K | $191K | +3.2% |
| 3 Bedrooms | $289.9K | $305K | +5.2% |
| 4 Bedrooms | $332.1K | $356.2K | +7.3% |
| 5+ Bedrooms | $465K | $450K | -3.2% |
Summary: Altoona housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes decreased by 3.2%.
Median Sold Price Compared To Nearby Cities
| Altoona | $300K | $319.2K | +6.4% |
| Clay Township | $299.9K | $315K | +5.0% |
| Delaware Township | $286K | $300K | +4.9% |
| Bondurant | $319.9K | $329.9K | +3.1% |
Housing Supply in Altoona, IA
How many homes are available in Altoona, IA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 158 | 176 | +11.4% |
Summary: The Altoona real estate market had 176 homes for sale in May 2024, a 11.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 18 | 16 | -11.1% |
| 3 Bedrooms | 61 | 81 | +32.8% |
| 4 Bedrooms | 61 | 59 | -3.3% |
| 5+ Bedrooms | 18 | 20 | +11.1% |
Summary: The Altoona housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 32.8%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 36 | 35 | -2.8% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Altoona, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in Altoona in May 2024, down by 2.8% month-over-month. Of the 35 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for Altoona, IA
How long does it take to sell a home in Altoona, IA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 109 Days | 76 Days | -30.6% |
Summary: Homes in Altoona had an average of 76 days on market in May 2024, down by 30.6% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Altoona are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 35 homes were sold in Altoona; 46% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
