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 neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Polk County was a Seller's Market.

Key Takeaway

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

Housing Prices in Polk County, FL

How much do homes in Polk County, FL cost?

Median Sold Price

$320,047

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$5,029(-1.5%)

Key Takeaway

Homes in Polk County have sold for 1.5% less than they did a year ago.

Summary: The median home sold price in Polk County was $320,047 in March 2024, down 1.5% from last year, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $109.9K$109.5K
-0.4%
2 $225K$212.4K
-5.6%
3 $302.3K$300K
-0.8%
4 $370.5K$360K
-2.8%
5+ $499.4K$477.6K
-4.4%

Summary: Polk County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.4%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes decreased by 4.4%.

Median Sold Price Compared To Nearby Counties

Highlands County
+14.6%
Hardee County
+11.8%
Orange County
+5.0%
Osceola County
+1.4%
Polk County
-1.5%

Housing Supply in Polk County, FL

How many homes are available in Polk County, FL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
6,2906,594+4.8%

Summary: The Polk County real estate market had 6,594 homes for sale in March 2024, a 4.8% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 7982
+3.8%
2 9651,075
+11.4%
3 2,4712,567
+3.9%
4 1,9572,012
+2.8%
5+ 818858
+4.9%

Summary: The Polk County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.8%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 4.9%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
9461,049+10.9%

Asking Price vs. Sold Price

598 Homes Were Sold
Under Asking

306 Homes Were Sold
At Asking

145 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. 57% of homes here sold below asking price last month.

Summary: A total of 1,049 homes were sold or pending in Polk County in March 2024, up by 10.9% month-over-month. Of the 1,049 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.

Days on Market for Polk County, FL

How long does it take to sell a home in Polk County, FL?

Average Sale Time

Mar 2023Mar 2024CHANGE
60 Days61 Days+2.4%

Summary: Homes in Polk County had an average of 61 days on market in Mar 2024, up by 2.4% compared to last year.

Breakdown of Home Sale Times

459 Homes Were Sold
Under 30 Days

312 Homes Were Sold
In 30 - 90 Days

278 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.

Summary: During March 2024, 1049 homes were sold in Polk County; 44% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.

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

Report Updated 22 Days Ago

Newest Listings in Polk County, FL

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