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

The Palo housing market right now

In the three months ending August 31, 2026, 38% of homes in Palo, IA 52324 sold above their list price, the typical home went under contract in 40 days and there were 2.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 16 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 29%, homes sold faster (61 days then) and the median sale price rose 27% to $443,808. Overall, Palo is more competitive than a year ago, so tougher for buyers.

Within Linn County, homes here sell more slowly than in 74% of the county’s ZIP codes, and sell more often over asking than in 63%. On our competition score, Palo ranks #23 of 156 IA ZIP codes with enough sales (score 70 out of 100).

Nearby, buyers who want less competition could look at Toddville 52341 (0% sold over asking) or Ely 52227 (11% sold over asking), while Coggon 52218 (75% sold over asking) and Central City 52214 (67% sold over asking) are even more competitive.