Housing in Palo, MI

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Redfin — October 2025

Median Sale Price

$176,000

Median List Price

N/A

Price Per Sq Ft

$87

Days on Market

36

Active Inventory

1

Months of Supply

1.0

Seller's market

Price Trends

Source: Redfin
Sale Price ↑ 0.6%May 25 → Oct 25

Market Competitiveness

Source: Redfin

Sold Above List

100.0%

Sale-to-List Ratio

103.5%

Seller's market

Sold Above Asking
100.0%

Market Activity

Source: Redfin

Homes Sold

1

Homes Sold ↑ 0.0%May 25 → Oct 25

Price Per Square Foot

Source: Redfin

Median Sale $/SF

$87

Sale $/SF ↓ 10.3%May 25 → Oct 25

Palo vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with under 10,000 residents. Palo is highlighted.

Median Home Value

Median Price Per Sq Ft

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$92,600

Median Rent

N/A

Total Housing Units

119

Vacancy Rate

0.0%

Owner Occupied

85.7%

Renter Occupied

14.3%

Median Property Tax

$714

per year

Monthly Cost (w/ Mortgage)

$620

Housing Types

Single Family
90.8%
Multi-Family
0.0%
Mobile Home
9.2%

The current median sale price in Palo, MI is $176,000 according to Redfin data. Homes spend a median of 36 days on the market. 100.0% of homes sold above asking price. The market has 1.0 months of supply. The median price per square foot is $87. About 85.7% of housing units are owner-occupied. The median year homes were built is 1938. There are 119 total housing units.