Is Polk City, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Polk City was a Seller's Market.
Key Takeaway
Polk City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Polk City, FL
How much do homes in Polk City, FL cost?
Median Sold Price
$325,000
$190/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since June 2023.
Key Takeaway
The sold price of homes in Polk City has remained the same since last year.
Summary: The median home sold price in Polk City was $325,000 in June 2024, the same as last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $318.5K | $425K | +33.4% |
| 2 Bedrooms | $315K | $256.9K | -18.4% |
| 3 Bedrooms | $270K | $278K | +3.0% |
| 4 Bedrooms | $345K | $359.2K | +4.1% |
| 5+ Bedrooms | $425K | $380K | -10.6% |
Summary: Polk City housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.4%, 2 bedroom homes decreased by 18.4%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes decreased by 10.6%.
Median Sold Price Compared To Nearby Cities
| Polk City | $325K | $325K | 0.0% |
| Auburndale | $330.2K | $324.9K | -1.6% |
Housing Supply in Polk City, FL
How many homes are available in Polk City, FL?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 71 | 67 | -5.6% |
Summary: The Polk City real estate market had 67 homes for sale in June 2024, a 5.6% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 8 | -11.1% |
| 2 Bedrooms | 21 | 19 | -9.5% |
| 3 Bedrooms | 23 | 20 | -13.0% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Polk City housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes decreased by 9.5%, 3 bedroom homes decreased by 13%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Polk City, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Polk City in June 2024, down by 11.1% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for Polk City, FL
How long does it take to sell a home in Polk City, FL?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 32 Days | 44 Days | +40.2% |
Summary: Homes in Polk City had an average of 44 days on market in Jun 2024, up by 40.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Polk City are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 8 homes were sold in Polk City; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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