Is Polk City, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Polk City has remained a Seller's Market.
Key Takeaway
Polk City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Polk City, FL
How much do homes in Polk City, FL cost?
Median Sold Price
$309,500
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Polk City have sold for 5.5% less than they did a year ago.
Summary: The median home sold price in Polk City was $309,500 in March 2024, down 5.5% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $322.2K | $282.5K | -12.3% |
| 2 Bedrooms | $497K | $200K | -59.8% |
| 3 Bedrooms | $309.5K | $265K | -14.4% |
| 4 Bedrooms | $333.1K | $354K | +6.3% |
| 5+ Bedrooms | $622.5K | $380K | -39.0% |
Summary: Polk City housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.3%, 2 bedroom homes decreased by 59.8%, 3 bedroom homes decreased by 14.4%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 39%.
Median Sold Price Compared To Nearby Cities
| Auburndale | $329K | $325.5K | -1.1% |
| Polk City | $327.5K | $309.5K | -5.5% |
Housing Supply in Polk City, FL
How many homes are available in Polk City, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 98 | 99 | +1.0% |
Summary: The Polk City real estate market had 99 homes for sale in March 2024, a 1.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 11 | +22.2% |
| 2 Bedrooms | 26 | 32 | +23.1% |
| 3 Bedrooms | 40 | 35 | -12.5% |
| 4 Bedrooms | 18 | 16 | -11.1% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Polk City housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 23.1%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 22 | +29.4% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 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. 77.3% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Polk City in March 2024, up by 29.4% month-over-month. Of the 22 sold homes, 77% were sold under asking, 5% were sold at asking, and 18% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 40 Days | 74 Days | +86.0% |
Summary: Homes in Polk City had an average of 74 days on market in Mar 2024, up by 86% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Polk City has remained consistent over time.
Summary: During March 2024, 22 homes were sold in Polk City; 32% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
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The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is for consumers` personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.