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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Polk County is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Polk County has remained a Seller's Market.

Key Takeaway

Polk County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Polk County, FL cost?

Median Sold Price

$313,409

$181/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$67,931(+27.7%)

Key Takeaway

Homes in Polk County have sold for 27.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $73K$100K
+37.0%
2 $174.6K$215.3K
+23.3%
3 $229.9K$289.4K
+25.9%
4 $275.2K$353.5K
+28.4%
5+ $370.8K$491K
+32.4%

Median Sold Price Compared To Nearby Counties

Osceola County
+29.3%
Polk County
+27.7%
Highlands County
+17.5%
Orange County
+16.1%

How many homes are available in Polk County, FL?

Number of Homes For Sale

Jul 2022Aug 2022%
4,5444,636+2.0%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 3639
+8.3%
2 565568
0.5%
3 2,0002,019
+0.9%
4 1,4611,495
+2.3%
5+ 482515
+6.8%

Number of Homes Sold

Jul 2022Aug 2022%
1,1451,022-10.7%

Asking Price vs. Sold Price

428 Homes Were Sold
Under Asking

296 Homes Were Sold
At Asking

298 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Polk County, you may be able to get a good deal. 41.9% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
18 Days20 Days+11.1%

Breakdown of Home Sale Times

815 Homes Were Sold
Under 30 Days

183 Homes Were Sold
In 30 - 90 Days

21 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Polk County are selling fast, if you're buying plan to act quickly.

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

About Polk County, FL

Polk County, FL has 4,636 homes on the market. The number of listings in Polk County, FL increased by 2% between July 2022 and August 2022. While the average time on the market in August 2022 was 20 days, the median list price was $313,409. From July 2022 through August 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 37%, the cost of 2 bedrooms properties went up by 23.3%, the cost of 3 bedrooms properties went up by 25.9%, 4 bedrooms properties became 28.4% more expensive, the cost of 5 bedrooms properties went up by 32.4%. Housing inventory have changed in this real estate market: 1 bedroom homes inventory increased by 8.3%, 2 bedrooms homes inventory increased by 0.5%, the quantity of 3 bedrooms homes went up by 0.9%, number of 4 bedrooms homes increased by 2.3%, number of 5 bedrooms homes increased by 6.8%. Over 298 listings were sold over their listed price in August 2022 in Polk County, FL. In the same period over 428 listings were sold below the listed price and 296 listings were sold for the listed price.

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