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#2506529, Tyra McAbee, Listing office: Century 21 Signature Real Estate
Palo Housing Market Report June 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 June 2024
Since last year, 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
$274,000$140/SqFt
-$52,000
-16.0%
Based on all homes sold in the last 12 months
Insight
Homes in Palo have sold for 16% less than they did a year ago.
Summary: The median home sold price in Palo was $274,000 in June 2025, down 16% from last year, and the median price per square foot was $140.
Median Sold Price By Cities
| City | Jun 2024 | Jun 2025 | Change YoY |
|---|---|---|---|
| Palo | $326K | $274K | -16.0% |
| Fayette Township | $324K | $260K | -19.8% |
Median Sold Price By Bedrooms
| Beds | Jun 2024 | Jun 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | $60K | N/A |
| 22 Bedrooms | $215K | - | N/A |
| 33 Bedrooms | $255.9K | $215K | -16.0% |
| 44 Bedrooms | $334.9K | $345.5K | +3.1% |
| 55+ Bedrooms | $371.5K | $376.5K | +1.3% |
Summary: Palo housing price by bedroom type for June 2025, compared to the previous year. 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 -16.0%. The home price for 4 bedroom homes increased by +3.1%. The home price for 5 bedroom homes increased by +1.3%.
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 |
|---|---|---|
| 16Last MonthJun 2025 | ||
| 152 months agoMay 2025 | +6.7 % Change MoMMay – Jun |
Summary: The Palo real estate market had 16 homes for sale in Jun 2025, a 6.7 % increase compared to May 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 3Last MonthJun 2025 | ||
| 62 months agoMay 2025 | -50.0 % Change MoMMay – Jun |
Homes For Sale By Bedroom Count
| Beds | May 2025 | Jun 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 0 | 3 | +100.0% |
| 33 Bedrooms | 7 | 3 | -57.1% |
| 44 Bedrooms | 5 | 6 | +20.0% |
| 55+ Bedrooms | 3 | 4 | +33.3% |
Summary: Palo housing inventory by bedroom type for June 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +100.0%. The inventory for 3 bedroom homes decreased by -57.1%. The inventory for 4 bedroom homes increased by +20.0%. The inventory for 5 bedroom homes increased by +33.3%.
Asking Price vs. Sold Price
How much do homes in Palo, IA cost?
Over Asking Price0 Home
At Asking Price0 Home
Under Asking Price3 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 3 homes were sold or pending in Palo in June 2025, down by 50.0% month-over-month. Of the 3 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 Days1 Home
30 – 90 Days1 Home
Over 90 Days1 Home
Insight
Many homes in Palo are selling fast, if you're buying plan to act quickly.
Summary: During June 2025, 3 homes were sold in Palo; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 55 DaysThis YearJun 2025 | ||
| 134 Days1 year agoJun 2024 | -59.0 % Change YoYJun 2024 – Jun 2025 |
Summary: Homes in Palo had an average listing age of 55 days in Jun 2025, down by 59.0% compared to the previous year.
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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 07/01/2023 - 07/01/2025
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: 7/30/2025, 10:45:26 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.