Palo, IA Housing Market

The Palo housing market is not very competitive. The median sale price of a home in Palo was $265K last month, down 2.2% since last year. The median sale price per square foot in Palo is $138, up 0.0% since last year.

Trends
Demand
Migration
Schools
Climate

Palo Housing Market Trends

What is the housing market like in Palo today?

In May 2025, Palo home prices were down 2.2% compared to last year, selling for a median price of $265K.

$366K

Sale Price

+43.0%
since last year

$138

Sale $/Sq. Ft.

+0.0%
since last year

Under List Price

1.3%

Days on Market

168.5

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 not very competitive. Homes sell in 168.5 days.

100

Not Very Competitive

Multiple offers are rare.
The average homes sell for about 1% below list price and go pending in around 169 days.
Hot homes
can sell for around list price and go pending in around 81 days.

Compare With Nearby Cities

Cedar Rapids

100

Very Competitive

Many homes get multiple offers, some with waived contingencies.
The average homes sell for around list price and go pending in around 10 days.
Hot homes
can sell for about 1% above list price and go pending in around 2 days.

Marion

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for around list price and go pending in around 15 days.
Hot homes
can sell for about 1% above list price and go pending in around 3 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 JUN 27, 2025
$465,000 Last Sold Price
4 beds
3.5 baths
2,812 sq ft
3368 64th St, Palo, IA 52324
List Price
$474,500
Sale to List
2% under list
Days on Market
168 days
3368 64th St, Palo, IA 52324
SOLD JUN 25, 2025
3D WALKTHROUGH
$382,000 Last Sold Price
4 beds
3 baths
2,672 sq ft
1451 Cedar River Dr, Palo, IA 52324
List Price
$384,900
Sale to List
1% under list
Days on Market
89 days
1451 Cedar River Dr, Palo, IA 52324
SOLD JUN 23, 2025
$492,500
3 beds
3 baths
3,311 sq ft
2409 Prairie Walk Dr NW, Palo, IA 52324
List Price
—
Sale to List
—
Days on Market
—
2409 Prairie Walk Dr NW, Palo, IA 52324
SOLD JUN 17, 2025
$492,500 Last Sold Price
3 beds
3 baths
3,311 sq ft
2409 Prairie Walk Dr Dr NW, Cedar Rapids, IA 52405
List Price
$500,000
Sale to List
2% under list
Days on Market
61 days
2409 Prairie Walk Dr Dr NW, Cedar Rapids, IA 52405
SOLD JUN 17, 2025
$492,500 Last Sold Price
3 beds
3 baths
3,311 sq ft
2409 Prairie Walk Dr NW, Cedar Rapids, IA 52405
List Price
$500,000
Sale to List
2% under list
Days on Market
61 days
2409 Prairie Walk Dr NW, Cedar Rapids, IA 52405
SOLD JUN 10, 2025
$350,000 Last Sold Price
5 beds
3 baths
2,610 sq ft
2786 Creekview Trl, Palo, IA 52324
List Price
$359,950
Sale to List
3% under list
Days on Market
50 days
2786 Creekview Trl, Palo, IA 52324
SOLD JUN 6, 2025
$50,550 Last Sold Price
—beds
—baths
—sq ft
827 Indigo Dr, Palo, IA 52324
List Price
$52,500
Sale to List
4% under list
Days on Market
491 days
827 Indigo Dr, Palo, IA 52324
SOLD JUN 4, 2025
$542,398 Last Sold Price
3 beds
2 baths
1,635 sq ft
2420 Prairie Knoll Ct NW, Cedar Rapids, IA 52405
List Price
$513,425
Sale to List
6% over list
Days on Market
240 days
2420 Prairie Knoll Ct NW, Cedar Rapids, IA 52405
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

More real estate resources for Palo

New Listings in Palo

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