Is Polk County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$323,118
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Polk County was $323,118 in June 2024, down 0.2% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $115K | $108K | -6.1% |
2 Bedrooms | $220K | $215K | -2.2% |
3 Bedrooms | $300K | $301.4K | 0.5% |
4 Bedrooms | $365K | $361.3K | -1.0% |
5+ Bedrooms | $480.4K | $484K | +0.7% |
Summary: Polk County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.1%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes increased by 0.5%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 0.7%.
Median Sold Price Compared To Nearby Counties
Highlands County | $239.7K | $278.9K | +16.4% |
Orange County | $395.6K | $420.1K | +6.2% |
Osceola County | $389.8K | $389.9K | 0.0% |
Polk County | $323.6K | $323.1K | -0.2% |
Housing Supply in Polk County, FL
How many homes are available in Polk County, FL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
7,177 | 6,962 | -3.0% |
Summary: The Polk County real estate market had 6,962 homes for sale in June 2024, a 3.0% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 57 | 58 | +1.8% |
2 Bedrooms | 862 | 840 | -2.6% |
3 Bedrooms | 2,845 | 2,693 | -5.3% |
4 Bedrooms | 2,432 | 2,390 | -1.7% |
5+ Bedrooms | 981 | 981 | 0.0% |
Summary: The Polk County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 1.8%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
1,305 | 1,062 | -18.6% |
Asking Price vs. Sold Price
537 Homes Were Sold
Under Asking
369 Homes Were Sold
At Asking
156 Homes Were Sold
Over Asking
Summary: A total of 1,062 homes were sold or pending in Polk County in June 2024, down by 18.6% month-over-month. Of the 1,062 sold homes, 51% were sold under asking, 35% were sold at asking, and 15% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
42 Days | 61 Days | +44.8% |
Summary: Homes in Polk County had an average of 61 days on market in Jun 2024, up by 44.8% compared to last year.
Breakdown of Home Sale Times
479 Homes Were Sold
Under 30 Days
348 Homes Were Sold
In 30 - 90 Days
235 Homes Were Sold
Over 90 Days
Summary: During June 2024, 1062 homes were sold in Polk County; 45% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.