Is Polk County, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Polk County has remained a Buyer's Market.
Key Takeaway
Polk County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Polk County, AR
How much do homes in Polk County, AR cost?
Median Sold Price
$137,000
$108/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Polk County have sold for 21.2% less than they did a month ago.
Summary: The median home sold price in Polk County was $137,000 in March 2024, down 21.2% from last month, and the median price per square foot was $108.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $109.9K | $145K | +31.9% |
| 2 Bedrooms | $138K | $90K | -34.8% |
| 3 Bedrooms | $170.7K | $153.5K | -10.1% |
| 4 Bedrooms | $480K | $125K | -74.0% |
| 5+ Bedrooms | - | $260K | N/A |
Summary: Polk County housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes increased by 31.9%, 2 bedroom homes decreased by 34.8%, 3 bedroom homes decreased by 10.1%, 4 bedroom homes decreased by 74%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
| Howard County | $142.8K | $192.5K | +34.8% |
| Sevier County | $158.7K | $135K | -15.0% |
| Polk County | $173.9K | $137K | -21.2% |
| Montgomery County | $364.5K | $278.7K | -23.5% |
Housing Supply in Polk County, AR
How many homes are available in Polk County, AR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 134 | 142 | +6.0% |
Summary: The Polk County real estate market had 142 homes for sale in March 2024, a 6.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 9 | 0.0% |
| 2 Bedrooms | 35 | 36 | +2.9% |
| 3 Bedrooms | 59 | 66 | +11.9% |
| 4 Bedrooms | 22 | 21 | -4.5% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Polk County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 11.9%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 19 | +90.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Polk County, you may be able to get a good deal. 78.9% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Polk County in March 2024, up by 90.0% month-over-month. Of the 19 sold homes, 79% were sold under asking, 16% were sold at asking, and 5% were sold over asking.
Days on Market for Polk County, AR
We’re sorry, we don't have information for this market at the moment
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Cooperative Arkansas REALTORS® Multiple Listing Services, Inc. Real estate listings, held by brokerage firms other than this broker, are marked with the Broker Reciprocity℠ logo and information about them includes the name of the listing brokers. The IDX information is provided exclusively for consumers’ personal, non-commercial use that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2024 Cooperative Arkansas Realtors MLS. All Rights Reserved.