6 days on RocketTour
$4,749 Closing Credit¹
#2503098, Kasey Hempstead, Listing Office: Fathom Realty
Palo Housing Market Report April 2025•Linn County, Iowa
Housing Prices in Palo, IA
How much do homes in Palo, IA cost?
Housing Market Conditions
Is Palo, IA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Palo is a Buyer's Market
Difference Since March 2025
Last month, Palo was a Seller's Market.
Insight
Palo is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
$202,500$186/SqFt
-$107,500
-34.7%
Based on all homes sold in April 2025
Insight
Homes in Palo have sold for 34.7% less than they did a month ago.
Summary: The median home sold price in Palo was $202,500 in April 2025, down 34.7% from last month, and the median price per square foot was $186.
Median Sold Price By Cities
| City | Mar 2025 | Apr 2025 | Change MoM |
|---|---|---|---|
| Fayette Township | $310K | $202.5K | -34.7% |
| Palo | $310K | $202.5K | -34.7% |
Median Sold Price By Bedrooms
| Beds | Mar 2025 | Apr 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | - | - | N/A |
| 33 Bedrooms | $205.9K | $202.5K | -1.7% |
| 44 Bedrooms | $310K | - | N/A |
| 55+ Bedrooms | $395K | - | N/A |
Summary: Palo housing price by bedroom type for April 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes decreased by -1.7%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.
How does Palo, IA compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Palo, IA
Housing supply in Palo, IA
How many homes are available in Palo, IA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 15Last MonthApr 2025 | ||
| 142 months agoMar 2025 | +7.1 % Change MoMMar – Apr |
Summary: The Palo real estate market had 15 homes for sale in Apr 2025, a 7.1 % increase compared to Mar 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 2Last MonthApr 2025 | ||
| 32 months agoMar 2025 | -33.3 % Change MoMMar – Apr |
Homes For Sale By Bedroom Count
| Beds | Mar 2025 | Apr 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 0 | 0 | 0.0% |
| 33 Bedrooms | 9 | 8 | -11.1% |
| 44 Bedrooms | 4 | 5 | +25.0% |
| 55+ Bedrooms | 1 | 2 | +100.0% |
Summary: Palo housing inventory by bedroom type for April 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -11.1%. The inventory for 4 bedroom homes increased by +25.0%. The inventory for 5 bedroom homes increased by +100.0%.
Asking Price vs. Sold Price
How much do homes in Palo, IA cost?
Over Asking Price0 Home
At Asking Price0 Home
Under Asking Price2 Homes
Insight
If you're buying a home in Palo, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Palo in April 2025, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.
Days on Market for Palo, IA
How long does it take to sell a home in Palo, IA?
Breakdown of Home Sale Times
Under 30 Days0 Home
30 – 90 Days1 Home
Over 90 Days1 Home
Insight
Avg time on Rocket Homes in Palo has remained consistent over time.
Summary: During April 2025, 2 homes were sold in Palo; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Average Sale Time
| Last Month | 1 month ago | Change MoM |
|---|---|---|
| 159 DaysLast MonthApr 2025 | ||
| 131 Days1 month agoMar 2025 | +21.1 % Change MoMMar – Apr |
Summary: Homes in Palo had an average listing age of 159 days in Apr 2025, up by 21.1% compared to the previous month.
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Newest Listings in Palo, IA
What homes are available in Palo, IA?
Nearby markets
Nearby markets aren't available for Palo, IA
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MLS Disclaimers and Copyright
Based on information from Cedar Rapids MLS, for the period 03/01/2025 - 05/01/2025
Provided Courtesy Of Cedar Rapids Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Is Believed To Be Accurate But Not Guaranteed. Copyright 2025 Cedar Rapids Area Association of REALTORS®. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/6/2025, 9:20:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.