Is Altoona, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Altoona has remained a Seller's Market.
Key Takeaway
Altoona is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Altoona, IA
How much do homes in Altoona, IA cost?
Median Sold Price
$315,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Altoona have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in Altoona was $315,000 in April 2024, up 7.8% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $94.9K | - | N/A |
| 2 Bedrooms | $182.2K | $189.9K | +4.2% |
| 3 Bedrooms | $286K | $300K | +4.9% |
| 4 Bedrooms | $328.9K | $358.5K | +9.0% |
| 5+ Bedrooms | $415K | $434.5K | +4.7% |
Summary: Altoona housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 4.7%.
Median Sold Price Compared To Nearby Cities
| Bondurant | $305K | $330.1K | +8.3% |
| Delaware Township | $275K | $297K | +8.0% |
| Altoona | $292.1K | $315K | +7.8% |
| Clay Township | $294.3K | $309.7K | +5.2% |
Housing Supply in Altoona, IA
How many homes are available in Altoona, IA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 158 | 160 | +1.3% |
Summary: The Altoona real estate market had 160 homes for sale in April 2024, a 1.3% increase 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 | 19 | 15 | -21.1% |
| 3 Bedrooms | 65 | 70 | +7.7% |
| 4 Bedrooms | 56 | 54 | -3.6% |
| 5+ Bedrooms | 18 | 21 | +16.7% |
Summary: The Altoona 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 21.1%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 32 | +45.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Altoona, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 32 homes were sold or pending in Altoona in April 2024, up by 45.5% month-over-month. Of the 32 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 79 Days | 44 Days | -43.9% |
Summary: Homes in Altoona had an average of 44 days on market in Apr 2024, down by 43.9% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 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 April 2024, 32 homes were sold in Altoona; 63% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
