$3,859 Closing Credit*
$325,000
1,284 SqFt
4 Beds
•1 Full Bath
Toni Peska, Listing Office: Iowa Realty Newton
Is Palo Alto Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Palo Alto Township has remained a Seller's Market.
Key Takeaway
Palo Alto Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Palo Alto Township, IA
How much do homes in Palo Alto Township, IA cost?
Median Sold Price
$252,000
$152/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$57,000(+29.2%)
Key Takeaway
Homes in Palo Alto Township have sold for 29.2% more than they did a month ago.
Summary: The median home sold price in Palo Alto Township was $252,000 in October 2024, up 29.2% from last month, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $140K | $269K | +92.1% |
| 3 Bedrooms | - | $235K | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $250K | - | N/A |
Summary: Palo Alto Township housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 92.1%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Palo Alto Township | $195K | $252K | +29.2% |
| Buena Vista Township | $270K | $170K | -37.0% |
Housing Supply in Palo Alto Township, IA
How many homes are available in Palo Alto Township, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 11 | +37.5% |
Summary: The Palo Alto Township real estate market had 11 homes for sale in October 2024, a 37.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Palo Alto Township 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 remained the same, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Palo Alto Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Palo Alto Township in October 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Palo Alto Township, IA
How long does it take to sell a home in Palo Alto Township, IA?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 79 Days | +412.9% |
Summary: Homes in Palo Alto Township had an average of 79 days on market in Oct 2024, up by 412.9% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Palo Alto Township has remained consistent over time.
Summary: During October 2024, 2 homes were sold in Palo Alto Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
