Is Palo, IA 52324 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Palo is a seller’s market. With about 2.4 months of supply and 38% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply2.4Under 4 months = seller’s market

Sold above original list37.5%Share of sales, last 3 months

Median sale-to-list100.2%Sold price ÷ list price

Median days on market40Listing to accepted offer

Median price per sq ft$200▲ +32.5% vs. last year

Run the numbers for 52324

Prefilled for 52324Can I win this house?Multiple-offer likelihood for a listing Prefilled for 52324Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Alburnett 52202Seller’s market $120 /sq ft Cedar Rapids 52401Seller’s market $198 /sq ft Cedar Rapids 52402Seller’s market $133 /sq ft Cedar Rapids 52403Seller’s market $128 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology