Is Polk County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Polk County was a Seller's Market.
Housing Prices in Polk County, FL
How much do homes in Polk County, FL cost?
Median Sold Price
$320,381
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Polk County was $320,381 in February 2024, down 1.4% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $109.9K | $109K | -0.8% |
2 Bedrooms | $224.9K | $213.7K | -5.0% |
3 Bedrooms | $301.4K | $300K | -0.5% |
4 Bedrooms | $370K | $359.9K | -2.7% |
5+ Bedrooms | $499.9K | $476K | -4.8% |
Summary: Polk County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.8%, 2 bedroom homes decreased by 5%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 4.8%.
Median Sold Price Compared To Nearby Counties
Highlands County | $236.6K | $271.4K | +14.7% |
Orange County | $390K | $410.2K | +5.2% |
Osceola County | $384.9K | $393.2K | +2.2% |
Polk County | $325K | $320.3K | -1.4% |
Housing Supply in Polk County, FL
How many homes are available in Polk County, FL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
5,822 | 6,185 | +6.2% |
Summary: The Polk County real estate market had 6,185 homes for sale in February 2024, a 6.2% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 76 | 80 | +5.3% |
2 Bedrooms | 864 | 925 | +7.1% |
3 Bedrooms | 2,295 | 2,413 | +5.1% |
4 Bedrooms | 1,818 | 1,929 | +6.1% |
5+ Bedrooms | 769 | 838 | +9.0% |
Summary: The Polk County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.3%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 9%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
798 | 859 | +7.6% |
Asking Price vs. Sold Price
483 Homes Were Sold
Under Asking
252 Homes Were Sold
At Asking
124 Homes Were Sold
Over Asking
Summary: A total of 859 homes were sold or pending in Polk County in February 2024, up by 7.6% month-over-month. Of the 859 sold homes, 56% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
55 Days | 58 Days | +5.1% |
Summary: Homes in Polk County had an average of 58 days on market in Feb 2024, up by 5.1% compared to last year.
Breakdown of Home Sale Times
376 Homes Were Sold
Under 30 Days
278 Homes Were Sold
In 30 - 90 Days
205 Homes Were Sold
Over 90 Days
Summary: During February 2024, 859 homes were sold in Polk County; 44% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.