Is Altoona, IA 50009 a buyer’s or seller’s market?

The Altoona housing market right now

In the three months ending August 31, 2026, 25% of homes in Altoona, IA 50009 sold above their list price, the typical home went under contract in 61 days and there were 3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 132 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 20%, homes sold more slowly (51 days then) and the median sale price rose 6% to $349,839. Overall, Altoona is about as competitive as it was a year ago.

Within Polk County, homes here sell more slowly than in 90% of the county’s ZIP codes, and sell more often over asking than in 73%. On our competition score, Altoona ranks #69 of 156 IA ZIP codes with enough sales (score 53 out of 100).

Nearby, buyers who want less competition could look at Sheldahl 50243 (0% sold over asking) or Alleman 50007 (0% sold over asking), while Elkhart 50073 (40% sold over asking) and Runnells 50237 (40% sold over asking) are even more competitive.