Is Polk County, IA 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.
Housing Prices in Polk County, IA
How much do homes in Polk County, IA cost?
Median Sold Price
$279,998
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Polk County was $279,998 in March 2024, up 5.9% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $135K | $122.9K | -8.9% |
2 Bedrooms | $167.9K | $175.1K | +4.3% |
3 Bedrooms | $258.4K | $272K | +5.2% |
4 Bedrooms | $355K | $364.8K | +2.8% |
5+ Bedrooms | $501K | $520.9K | +4.0% |
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 8.9%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 4%.
Median Sold Price Compared To Nearby Counties
Story County | $259.9K | $282.5K | +8.7% |
Jasper County | $167.7K | $180K | +7.3% |
Warren County | $285.4K | $305K | +6.9% |
Polk County | $264.4K | $279.9K | +5.9% |
Dallas County | $337.4K | $350.5K | +3.9% |
Housing Supply in Polk County, IA
How many homes are available in Polk County, IA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2,656 | 2,847 | +7.2% |
Summary: The Polk County real estate market had 2,847 homes for sale in March 2024, a 7.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 32 | 35 | +9.4% |
2 Bedrooms | 455 | 487 | +7.0% |
3 Bedrooms | 1,054 | 1,116 | +5.9% |
4 Bedrooms | 765 | 828 | +8.2% |
5+ Bedrooms | 350 | 381 | +8.9% |
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 9.4%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 8.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
406 | 589 | +45.1% |
Asking Price vs. Sold Price
313 Homes Were Sold
Under Asking
159 Homes Were Sold
At Asking
117 Homes Were Sold
Over Asking
Summary: A total of 589 homes were sold or pending in Polk County in March 2024, up by 45.1% month-over-month. Of the 589 sold homes, 53% were sold under asking, 27% were sold at asking, and 20% were sold over asking.
Days on Market for Polk County, IA
How long does it take to sell a home in Polk County, IA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
50 Days | 58 Days | +14.5% |
Summary: Homes in Polk County had an average of 58 days on market in Mar 2024, up by 14.5% compared to last year.
Breakdown of Home Sale Times
314 Homes Were Sold
Under 30 Days
133 Homes Were Sold
In 30 - 90 Days
142 Homes Were Sold
Over 90 Days
Summary: During March 2024, 589 homes were sold in Polk County; 53% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.