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Condo Foreclosures in Palo, IA

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Palo, IA Foreclosures

How much do homes sell for in Palo, IA?
The average home price is currently $332,499.
In Palo, IA, how many homes are available?
There are currently 124 active home listings available in Palo.
What’s the average rental cost in Palo, IA?
The average rental price in Palo is $1,720.
What is the most expensive home in Palo?
The most expensive home sold in Palo had a price of $2,158,352.
What is currently the cheapest priced home in Palo, IA?
The cheapest home for sale in Palo is priced at $21,947.

Living in Palo, IA

Palo, Iowa, is a serene community offering a close-knit atmosphere and access to nature. Residents enjoy a blend of small-town charm and proximity to urban conveniences. With diverse housing options and friendly locals, it is a perfect place for families and individuals seeking a welcoming environment.

Current Market Conditions in Palo, IA

The real estate market in Palo is currently stable, with moderate activity in home sales. The community's allure lies in its affordability compared to nearby urban areas, which continues to attract interest from potential buyers seeking a peaceful lifestyle.

Appreciation values have seen steady growth over the past year as more individuals look for homes outside of larger cities. The demand for homes in Palo has led to a slight uptick in prices, particularly for properties that offer larger lots and updated amenities.

Home Value Estimator For Palo, IA

There are currently 1,244 real estate properties in Palo, IA, with a median automated valuation model (AVM) price of $333,880.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Palo, IA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Palo, IA, is $332,499.00, with the most expensive house in Palo, IA, topping out at $2,158,352.00 and the cheapest home in Palo, IA, clocking in at $21,947.00. In other words, there’s something for every potential homebuyer or savvy investor in Palo, IA!

Rent Prices In Palo, IA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Palo, IA, is on a rollercoaster ride. The average rent price in Palo, IA, is $1,720.00. Indeed, when looking to rent in Palo, IA, you can expect to pay as little as $890.00 or as much as $2,590.00, with the average rent median estimated to be $1,740.00. The good news is that finding an affordable and desirable property to rent in Palo, IA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Palo, IA Condos

Market Trend for Palo, IA

Total Listings Available: 124

Market Values:

Home Prices from $21,947 to $2,158,352

Average Sales Price: $332,499

Rental Values:

Rental from $890 to $2,590

Average Rent Value: $1,720 / month

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