$3,563 Closing Credit*
$300,000
1,166 SqFt
3 Beds
•1 Full Bath
Danny West, Listing Office: RE/MAX Concepts
Is Altoona, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Altoona was a Seller's Market.
Key Takeaway
Altoona is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Altoona, IA
How much do homes in Altoona, IA cost?
Median Sold Price
$322,442
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,596(+3.1%)
Key Takeaway
Homes in Altoona have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Altoona was $322,442 in October 2024, up 3.1% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $90K | $117.5K | +30.6% |
| 2 Bedrooms | $185K | $190K | +2.7% |
| 3 Bedrooms | $301.4K | $300K | -0.5% |
| 4 Bedrooms | $335.4K | $356.2K | +6.2% |
| 5+ Bedrooms | $485K | $450K | -7.2% |
Summary: Altoona housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.6%, 2 bedroom homes increased by 2.7%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes decreased by 7.2%.
Median Sold Price Compared To Nearby Cities
| Delaware Township | $295K | $307.4K | +4.2% |
| Clay Township | $305.9K | $317.6K | +3.8% |
| Bondurant | $327.4K | $338.5K | +3.4% |
| Altoona | $312.8K | $322.4K | +3.1% |
Housing Supply in Altoona, IA
How many homes are available in Altoona, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 182 | 180 | -1.1% |
Summary: The Altoona real estate market had 180 homes for sale in October 2024, a 1.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 15 | 16 | +6.7% |
| 3 Bedrooms | 84 | 78 | -7.1% |
| 4 Bedrooms | 56 | 55 | -1.8% |
| 5+ Bedrooms | 26 | 30 | +15.4% |
Summary: The Altoona housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 6.7%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 27 | -15.6% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
6 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. 59.3% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in Altoona in October 2024, down by 15.6% month-over-month. Of the 27 sold homes, 59% were sold under asking, 22% were sold at asking, and 19% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 53 Days | 40 Days | -25.2% |
Summary: Homes in Altoona had an average of 40 days on market in Oct 2024, down by 25.2% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 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 October 2024, 27 homes were sold in Altoona; 59% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
