$2,611 Closing Credit*
$219,900
1,738 SqFt
3 Beds
•1 Full Bath, 1 Partial
Schmidt, Kimberley, Listing Office: RE/MAX Concepts
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 November 2023
At the same time last year, Palo Alto Township was a Seller's Market.
Key Takeaway
Palo Alto Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Palo Alto Township, IA
How much do homes in Palo Alto Township, IA cost?
Median Sold Price
$254,500
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,500(+3.9%)
Key Takeaway
Homes in Palo Alto Township have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in Palo Alto Township was $254,500 in November 2024, up 3.9% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $34.5K | - | N/A |
| 2 Bedrooms | $96K | $269K | +180.2% |
| 3 Bedrooms | $238.2K | $242.5K | +1.8% |
| 4 Bedrooms | $339.9K | $337.5K | -0.7% |
| 5+ Bedrooms | - | $390K | N/A |
Summary: Palo Alto Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 180.2%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Newton | $162.5K | $178.2K | +9.7% |
| Newton Township | $162.7K | $178.2K | +9.5% |
| Palo Alto Township | $245K | $254.5K | +3.9% |
Housing Supply in Palo Alto Township, IA
How many homes are available in Palo Alto Township, IA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Summary: The Palo Alto Township real estate market had 9 homes for sale in November 2024, a 18.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 5 | 3 | -40.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Palo Alto Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 40%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were 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. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Palo Alto Township in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 4 Days | 68 Days | +1411.1% |
Summary: Homes in Palo Alto Township had an average of 68 days on market in Nov 2024, up by 1411.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was 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 November 2024, 1 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.
