Palo, IA Housing Market

Homes for sale

The Palo housing market is somewhat competitive. The median sale price of a home in Palo was $206K last month, down 35.6% since last year. The median sale price per square foot in Palo is $142, down 2.7% since last year.

Trends
Demand
Migration
Schools
Climate

Palo Housing Market Trends

What is the housing market like in Palo today?

In October 2024, Palo home prices were down 35.6% compared to last year, selling for a median price of $206K.

$284K

Sale Price

-11.9%
since last year

$142

Sale $/Sq. Ft.

-2.7%
since last year

Under List Price

0.7%

Days on Market

Down Payment

—

Total Homes Sold

To compare other locations to the Palo and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Palo add value to a home.

How hot is the Palo housing market?

Palo is somewhat competitive. Homes sell in 55 days.

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 55 days.
Hot homes
can sell for around list price and go pending in around 14 days.

Compare With Nearby Cities

Cedar Rapids

100

Very Competitive

Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 2% below list price and go pending in around 18 days.
Hot homes
can sell for around list price and go pending in around 4 days.

Marion

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 22 days.
Hot homes
can sell for around list price and go pending in around 5 days.

See more nearby cities and neighborhoods

Palo Migration & Relocation Trends

No data on migration and relocation available in this area right now

Learn about migration trends in nearby cities

View houses in Palo that sold recently

Recently sold homes

SOLD DEC 13, 2024
$375,000 Last Sold Price
4 beds
3 baths
2,283 sq ft
2783 Creekview Trl, Palo, IA 52324
List Price
$379,000
Sale to List
1% under list
Days on Market
57 days
2783 Creekview Trl, Palo, IA 52324
SOLD DEC 2, 2024
$215,000 Last Sold Price
3 beds
2 baths
1,344 sq ft
1003 2nd St, Palo, IA 52324
List Price
$225,000
Sale to List
4% under list
Days on Market
165 days
1003 2nd St, Palo, IA 52324
SOLD NOV 27, 2024
$1,183,780 Last Sold Price
—beds
—baths
—sq ft
Clinton Rd, Palo, IA 52324
List Price
$1,202,630
Sale to List
2% under list
Days on Market
41 days
Clinton Rd, Palo, IA 52324
SOLD NOV 27, 2024
3D WALKTHROUGH
$299,990 Last Sold Price
4 beds
2.5 baths
2,191 sq ft
239 Hackberry Dr, Palo, IA 52324
List Price
$304,990
Sale to List
2% under list
Days on Market
267 days
239 Hackberry Dr, Palo, IA 52324
SOLD NOV 22, 2024
$237,500 Last Sold Price
3 beds
2 baths
1,598 sq ft
307 Denise Dr, Palo, IA 52324
List Price
$237,500
Sale to List
0% over list
Days on Market
46 days
307 Denise Dr, Palo, IA 52324
SOLD NOV 22, 2024
$285,450 Last Sold Price
3 beds
2 baths
1,309 sq ft
345 Sumac Dr, Palo, IA 52324
List Price
$295,000
Sale to List
3% under list
Days on Market
133 days
345 Sumac Dr, Palo, IA 52324
SOLD NOV 22, 2024
$350,000 Last Sold Price
5 beds
3 baths
3,034 sq ft
1520 Cedar Bend Dr, Palo, IA 52324
List Price
$350,000
Sale to List
0% over list
Days on Market
54 days
1520 Cedar Bend Dr, Palo, IA 52324
SOLD NOV 15, 2024
$440,000 Last Sold Price
3 beds
2 baths
1,488 sq ft
811 Indigo Dr, Palo, IA 52324
List Price
$417,900
Sale to List
5% over list
Days on Market
98 days
811 Indigo Dr, Palo, IA 52324
See all recently sold homes in Palo.
See listings

Schools in Palo

Learn about schools in the Palo area

Elementary
Middle
High

GreatSchools Rating

No elementary schools in this region.

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.

Climate's impact on Palo housing

Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Palo.

Wind Factor - Minor

100% of properties are at minor risk of a severe wind event over the next 30 years

Heat Factor - Moderate

91% of properties are at moderate risk of heat over the next 30 years

Provided by First Street Foundation

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