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
$404,500
$193/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Palo Alto Township have sold for 171% more than they did a month ago.
Summary: The median home sold price in Palo Alto Township was $404,500 in April 2024, up 171% from last month, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $71.5K | - | N/A |
| 3 Bedrooms | $227K | $294.5K | +29.7% |
| 4 Bedrooms | - | $470K | N/A |
| 5+ Bedrooms | - | $530K | N/A |
Summary: Palo Alto Township housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 29.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Palo Alto Township, IA
How many homes are available in Palo Alto Township, IA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Summary: The Palo Alto Township real estate market had 8 homes for sale in April 2024, a 20.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 0 | -100.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Palo Alto Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Palo Alto Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Palo Alto Township in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% 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
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 145 Days | 61 Days | -57.7% |
Summary: Homes in Palo Alto Township had an average of 61 days on market in Apr 2024, down by 57.7% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Palo Alto Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Palo Alto Township; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
