$4,833 Closing Credit*
$407,000
1,463 SqFt
3 Beds
•2 Full Baths
Tammy Heckart, 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 November 2023
At the same time last year, Altoona was a Neutral Market.
Key Takeaway
Altoona is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Altoona, IA
How much do homes in Altoona, IA cost?
Median Sold Price
$325,000
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$11,253(+3.6%)
Key Takeaway
Homes in Altoona have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in Altoona was $325,000 in November 2024, up 3.6% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $90K | $117.5K | +30.6% |
| 2 Bedrooms | $185K | $195.8K | +5.8% |
| 3 Bedrooms | $300.9K | $302K | 0.3% |
| 4 Bedrooms | $337.9K | $358.9K | +6.2% |
| 5+ Bedrooms | $485K | $450K | -7.2% |
Summary: Altoona housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.6%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes decreased by 7.2%.
Median Sold Price Compared To Nearby Cities
| Altoona | $313.7K | $325K | +3.6% |
| Clay Township | $308.5K | $317.8K | +3.0% |
| Bondurant | $330.1K | $338.5K | +2.5% |
| Delaware Township | $299.9K | $306.9K | +2.3% |
Housing Supply in Altoona, IA
How many homes are available in Altoona, IA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 192 | 178 | -7.3% |
Summary: The Altoona real estate market had 178 homes for sale in November 2024, a 7.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 17 | 21 | +23.5% |
| 3 Bedrooms | 88 | 83 | -5.7% |
| 4 Bedrooms | 57 | 50 | -12.3% |
| 5+ Bedrooms | 29 | 24 | -17.2% |
Summary: The Altoona housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 23.5%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes decreased by 12.3%, and 5+ bedroom homes decreased by 17.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 35 | 22 | -37.1% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Altoona, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Altoona in November 2024, down by 37.1% month-over-month. Of the 22 sold homes, 50% were sold under asking, 32% were sold at asking, and 18% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 75 Days | 40 Days | -46.9% |
Summary: Homes in Altoona had an average of 40 days on market in Nov 2024, down by 46.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 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 November 2024, 22 homes were sold in Altoona; 55% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
