Is Polk City, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Polk City is a neutral's market

Buyer's
Market

Difference Since November 2021

Since last year, Polk City has remained a Neutral Market.

Key Takeaway

Polk City is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Polk City, FL cost?

Median Sold Price

$334,500

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$74,500(+28.7%)

Key Takeaway

Homes in Polk City have sold for 28.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 -$270K
N/A
2 $396.2K$462.5K
+16.7%
3 $235K$334.2K
+42.2%
4 $289K$334K
+15.6%
5+ $345K-
N/A

Median Sold Price Compared To Nearby Cities

Polk City
+28.7%
Auburndale
+15.8%

How many homes are available in Polk City, FL?

Number of Homes For Sale

Oct 2022Nov 2022%
2018-10.0%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 01
+100.0%
2 41
-75.0%
3 1313
0.0%
4 11
0.0%
5+ 22
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
330.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Polk City, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Average Sale Time

Nov 2021Nov 2022%
7 Days34 Days+395.2%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Polk City has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Polk City, FL

There are 18 homes are for sale in Polk City, FL real estate market. The number of homes for sale in Polk City, FL decreased by 10% between October 2022 and November 2022. While the average time on the market in November 2022 was 34 days, the median list price was $334,500. Between October 2022 and November 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties increased by 16.7%, prices of 3 bedrooms properties increased by 42.2%, prices of 4 bedrooms properties went up by 15.6%, 5 bedrooms properties became 0% more expensive. Volume of homes for sale changed: 1 bedroom homes became 100% more available, the quantity of 2 bedrooms homes went down by 75%, the quantity of 3 bedrooms homes have not changed, 4 bedrooms homes did not move, number of 5 bedrooms homes remained the same. Polk City, FL housing market in November 2022 saw over 2 listings sold above listed price, more than 1 sold at listed price and over 0 sold below.

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