Is Polk County, GA 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 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.
Housing Prices in Polk County, GA
How much do homes in Polk County, GA cost?
Median Sold Price
$244,975
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in Polk County has remained the same since last year.
Summary: The median home sold price in Polk County was $244,975 in March 2024, up 0.2% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $128K | $110K | -14.1% |
| 2 Bedrooms | $170K | $160K | -5.9% |
| 3 Bedrooms | $240K | $241.2K | 0.5% |
| 4 Bedrooms | $276K | $295K | +6.9% |
| 5+ Bedrooms | $439.5K | $332.5K | -24.3% |
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 14.1%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes decreased by 24.3%.
Median Sold Price Compared To Nearby Counties
| Floyd County | $220.1K | $239.3K | +8.7% |
| Haralson County | $260K | $280.5K | +7.9% |
| Bartow County | $314.9K | $324.9K | +3.2% |
| Polk County | $244.5K | $244.9K | 0.2% |
| Paulding County | $355K | $350K | -1.4% |
Housing Supply in Polk County, GA
How many homes are available in Polk County, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 235 | 271 | +15.3% |
Summary: The Polk County real estate market had 271 homes for sale in March 2024, a 15.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 24 | 34 | +41.7% |
| 3 Bedrooms | 138 | 146 | +5.8% |
| 4 Bedrooms | 60 | 74 | +23.3% |
| 5+ Bedrooms | 10 | 14 | +40.0% |
Summary: The Polk County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 41.7%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 23.3%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 45 | 54 | +20.0% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Polk County, you may be able to get a good deal. 58.5% of homes here sold below asking price last month.
Summary: A total of 54 homes were sold or pending in Polk County in March 2024, up by 20.0% month-over-month. Of the 53 sold homes, 58% were sold under asking, 19% were sold at asking, and 23% were sold over asking.
Days on Market for Polk County, GA
How long does it take to sell a home in Polk County, GA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 46 Days | 53 Days | +16.0% |
Summary: Homes in Polk County had an average of 53 days on market in Mar 2024, up by 16% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Polk County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 54 homes were sold in Polk County; 48% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.