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Palo Housing Market Report March 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 Seller's Market
Difference Since February 2025
Last month, Palo has remained a Seller's Market.
Insight
Palo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$292,500$138/SqFt
+$91,505
+45.5%
Based on all homes sold in March 2025
Insight
Homes in Palo have sold for 45.5% more than they did a month ago.
Summary: The median home sold price in Palo was $292,500 in March 2025, up 45.5% from last month, and the median price per square foot was $138.
Median Sold Price By Cities
| City | Feb 2025 | Mar 2025 | Change MoM |
|---|---|---|---|
| Fayette Township | $200.9K | $292.5K | +45.5% |
| Palo | $200.9K | $292.5K | +45.5% |
Median Sold Price By Bedrooms
| Beds | Feb 2025 | Mar 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | - | - | N/A |
| 33 Bedrooms | $194.9K | $205.9K | +5.6% |
| 44 Bedrooms | $231K | $292.5K | +26.6% |
| 55+ Bedrooms | - | $395K | N/A |
Summary: Palo housing price by bedroom type for March 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 increased by +5.6%. The home price for 4 bedroom homes increased by +26.6%. 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 |
|---|---|---|
| 13Last MonthMar 2025 | ||
| 162 months agoFeb 2025 | -18.8 % Change MoMFeb – Mar |
Summary: The Palo real estate market had 13 homes for sale in Mar 2025, a 18.8 % decrease compared to Feb 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 4Last MonthMar 2025 | ||
| 42 months agoFeb 2025 | 0.0 % Change MoMFeb – Mar |
Homes For Sale By Bedroom Count
| Beds | Feb 2025 | Mar 2025 | Change MoM |
|---|---|---|---|
| 33 Bedrooms | 10 | 6 | -40.0% |
| 44 Bedrooms | 5 | 5 | 0.0% |
| 55+ Bedrooms | 1 | 2 | +100.0% |
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 0 | 0 | 0.0% |
Summary: Palo housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 3 bedroom homes decreased by -40.0%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes increased by +100.0%. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Palo, IA cost?
Over Asking Price2 Homes
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. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Palo in March 2025, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and and 50% 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 Days3 Homes
Insight
Most homes in Palo are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2025, 4 homes were sold in Palo; 0% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 75% of homes were sold over 90 days.
Average Sale Time
| Last Month | 1 month ago | Change MoM |
|---|---|---|
| 156 DaysLast MonthMar 2025 | ||
| 102 Days1 month agoFeb 2025 | +53.3 % Change MoMFeb – Mar |
Summary: Homes in Palo had an average listing age of 156 days in Mar 2025, up by 53.3% 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 02/01/2025 - 04/01/2025
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: 4/15/2025, 3:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.