Is Altoona, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Altoona was a Seller's 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
$313,745
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Altoona have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in Altoona was $313,745 in March 2024, up 8.4% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $99.9K | - | N/A |
| 2 Bedrooms | $180K | $195K | +8.3% |
| 3 Bedrooms | $284.7K | $300K | +5.4% |
| 4 Bedrooms | $332.5K | $349.5K | +5.1% |
| 5+ Bedrooms | $415K | $434.5K | +4.7% |
Summary: Altoona housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 4.7%.
Median Sold Price Compared To Nearby Cities
| Delaware Township | $274.9K | $299.2K | +8.9% |
| Bondurant | $303.5K | $330K | +8.7% |
| Altoona | $289.4K | $313.7K | +8.4% |
| Clay Township | $291.2K | $308K | +5.7% |
Housing Supply in Altoona, IA
How many homes are available in Altoona, IA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 136 | 150 | +10.3% |
Summary: The Altoona real estate market had 150 homes for sale in March 2024, a 10.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 19 | 19 | 0.0% |
| 3 Bedrooms | 55 | 61 | +10.9% |
| 4 Bedrooms | 46 | 55 | +19.6% |
| 5+ Bedrooms | 16 | 15 | -6.3% |
Summary: The Altoona housing inventory by bedroom type for March 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 10.9%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes decreased by 6.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 20 | 0.0% |
Asking Price vs. Sold Price
9 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. 45% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Altoona in March 2024, the same as the previous month. Of the 20 sold homes, 45% were sold under asking, 35% were sold at asking, and 20% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 87 Days | 46 Days | -46.8% |
Summary: Homes in Altoona had an average of 46 days on market in Mar 2024, down by 46.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 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 March 2024, 20 homes were sold in Altoona; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
