Is Polk County, IA 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 April 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, IA cost?

Median Sold Price

$254,039

$180/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2021

+$21,974(+9.5%)

Key Takeaway

Homes in Polk County have sold for 9.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2021Apr 2022%
1 $116.6K$145K
+24.3%
2 $144.9K$155K
+6.9%
3 $224.8K$245.5K
+9.2%
4 $295.6K$333.7K
+12.9%
5+ $411.4K$458.7K
+11.5%

Median Sold Price Compared To Nearby Counties

Dallas County
+18.3%
Story County
+13.6%
Polk County
+9.5%
Warren County
+6.0%
Jasper County
+3.4%

How many homes are available in Polk County, IA?

Number of Homes For Sale

Mar 2022Apr 2022%
2,8642,607-9.0%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 4030
-25.0%
2 548513
-6.4%
3 1,1901,101
-7.5%
4 818708
-13.4%
5+ 268255
-4.9%

Number of Homes Sold

Mar 2022Apr 2022%
827713-13.8%

Asking Price vs. Sold Price

177 Homes Were Sold
Under Asking

217 Homes Were Sold
At Asking

319 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Polk County, you could pay more than the asking price. 44.7% of homes here sold above asking price last month.

Average Sale Time

Apr 2021Apr 2022%
34 Days29 Days-14.5%

Breakdown of Home Sale Times

553 Homes Were Sold
Under 30 Days

77 Homes Were Sold
In 30 - 90 Days

83 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, IA

Homes for sale in Polk County, IA have reached 2,607. The number of listings in Polk County, IA decreased by 9% between March 2022 and April 2022. In April 2022, listings were on the market for 29 days. During the same period, the median list price in this real estate market was $254,039. From March 2022 through April 2022, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 24.3%, the cost of 2 bedrooms properties went up by 6.9%, 3 bedrooms properties prices increased by 9.2%, 4 bedrooms properties became 12.9% more expensive, the cost of 5 bedrooms properties went up by 11.5%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory decreased by 25%, 2 bedrooms homes became 6.4% less available, 3 bedrooms homes became 7.5% less available, volume of 4 bedrooms homes went down by 13.4%, volume of 5 bedrooms homes went down by 4.9%. While more than 319 listings in Polk County, IA in April 2022 were sold above asking price, there were more than 217 listings sold at asking price, and more than 177 were sold below.

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