Is Polk County, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$284,803
$204/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 $284,803 in June 2024, up 5.2% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $129K | $123.2K | -4.5% |
2 Bedrooms | $169.9K | $179.8K | +5.8% |
3 Bedrooms | $264.7K | $273.5K | +3.3% |
4 Bedrooms | $360K | $367.9K | +2.2% |
5+ Bedrooms | $525.1K | $522.9K | -0.4% |
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 4.5%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 0.4%.
Median Sold Price Compared To Nearby Counties
Dallas County | $335.4K | $354.9K | +5.8% |
Polk County | $270.6K | $284.8K | +5.2% |
Warren County | $291.3K | $305.1K | +4.7% |
Jasper County | $173.1K | $179.9K | +4.0% |
Story County | $274.7K | $283K | +3.0% |
Housing Supply in Polk County, IA
How many homes are available in Polk County, IA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
3,444 | 3,169 | -8.0% |
Summary: The Polk County real estate market had 3,169 homes for sale in June 2024, a 8.0% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 41 | 43 | +4.9% |
2 Bedrooms | 593 | 489 | -17.5% |
3 Bedrooms | 1,361 | 1,264 | -7.1% |
4 Bedrooms | 983 | 933 | -5.1% |
5+ Bedrooms | 466 | 440 | -5.6% |
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 4.9%, 2 bedroom homes decreased by 17.5%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes decreased by 5.6%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
825 | 666 | -19.3% |
Asking Price vs. Sold Price
317 Homes Were Sold
Under Asking
198 Homes Were Sold
At Asking
151 Homes Were Sold
Over Asking
Summary: A total of 666 homes were sold or pending in Polk County in June 2024, down by 19.3% month-over-month. Of the 666 sold homes, 48% were sold under asking, 30% were sold at asking, and 23% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
33 Days | 44 Days | +31.7% |
Summary: Homes in Polk County had an average of 44 days on market in Jun 2024, up by 31.7% compared to last year.
Breakdown of Home Sale Times
445 Homes Were Sold
Under 30 Days
125 Homes Were Sold
In 30 - 90 Days
96 Homes Were Sold
Over 90 Days
Summary: During June 2024, 666 homes were sold in Polk County; 67% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.