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 May 2022

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

$266,198

$194/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2022

+$11,249(+4.4%)

Key Takeaway

Homes in Polk County have sold for 4.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2022May 2023%
1 $147K$128K
-12.9%
2 $157.3K$169.4K
+7.7%
3 $247.8K$260.3K
+5.1%
4 $338.5K$355K
+4.9%
5+ $463.8K$500.6K
+7.9%

Median Sold Price Compared To Nearby Counties

Jasper County
+9.0%
Story County
+5.8%
Dallas County
+5.0%
Polk County
+4.4%
Warren County
+4.2%

How many homes are available in Polk County, IA?

Number of Homes For Sale

Apr 2023May 2023%
2,7522,713-1.4%

Homes For Sale By Bedroom Count

# BEDSApr 2023May 2023%
1 3433
-2.9%
2 440445
+1.1%
3 1,1461,099
-4.1%
4 806796
-1.2%
5+ 326340
+4.3%

Number of Homes Sold

Apr 2023May 2023%
657676+2.9%

Asking Price vs. Sold Price

248 Homes Were Sold
Under Asking

202 Homes Were Sold
At Asking

225 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Polk County, you may be able to get a good deal. 36.7% of homes here sold below asking price last month.

How long does it take to sell a home in Polk County, IA?

How long does it take to sell a home in Polk County, IA?

Average Sale Time

May 2022May 2023%
24 Days40 Days+65.8%

Breakdown of Home Sale Times

505 Homes Were Sold
Under 30 Days

79 Homes Were Sold
In 30 - 90 Days

92 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.

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2 bedrooms, 1 full bath house for sale

$220,000

$3,135 Closing Credit

2

1

796 SqFt

1507 64th St, Windsor Heights IA, 50324

Listing Office:

Platinum Realty LLC

#674754

MLS logo
5 bedrooms, 3 full baths house for sale

$364,990

$5,201 Closing Credit

5

3

1,606 SqFt

1129 35th St SW, Altoona IA, 50009

Listing Office:

DRH Realty of Iowa, LLC

#674744

MLS logo
1 bedrooms, 1 full bath condo for sale

$175,000

$2,494 Closing Credit

1

1

805 SqFt

400 E Locust St Unit 204, Des Moines IA, 50309

Listing Office:

Pennie Carroll & Associates

#674738

MLS logo
4 bedrooms, 4 full baths, 1 partial house for sale

$535,000

$7,624 Closing Credit

4

4 Full, 1 Partial

2,629 SqFt

502 NE 20th St, Ankeny IA, 50021

Listing Office:

RE/MAX REC

#674726

MLS logo
4 bedrooms, 2 full baths house for sale

$479,900

$6,839 Closing Credit

4

2

1,605 SqFt

2605 SW 17th St, Ankeny IA, 50023

Listing Office:

RE/MAX Precision

#674723

MLS logo
undefined land for sale

$395,000

Land

1.50 Acres

10103 Bella Strada Ln, Johnston IA, 50131

Listing Office:

Iowa Realty Mills Crossing

#672097

MLS logo
3 bedrooms, 1 full bath house for sale

$219,900

$3,134 Closing Credit

3

1

1,236 SqFt

3838 50th St, Des Moines IA, 50310

Listing Office:

Soltice Station Real Estate

#674725

MLS logo
3 bedrooms, 1 full bath house for sale

$245,000

$3,491 Closing Credit

3

1

1,019 SqFt

4025 E Garden Ave, Des Moines IA, 50317

Listing Office:

Century 21 Signature

#674716

MLS logo
3 bedrooms, 1 full bath, 1 partial house for sale

$250,000

$3,563 Closing Credit

3

1 Full, 1 Partial

1,148 SqFt

6221 Robin Dr, Des Moines IA, 50322

Listing Office:

Keller Williams Realty GDM

#674697

MLS logo
2 bedrooms, 1 full bath house for sale

$70,000

$998 Closing Credit

2

1

874 SqFt

3014 36th St, Des Moines IA, 50310

Listing Office:

Iowa Realty Beaverdale

#674702

MLS logo
4 bedrooms, 1 full bath house for sale

$280,000

$3,990 Closing Credit

4

1

1,139 SqFt

3124 Valdez Dr, Des Moines IA, 50310

Listing Office:

Iowa Realty Mills Crossing

#674692

MLS logo
3 bedrooms, 1 full bath house for sale

$215,000

$3,064 Closing Credit

3

1

1,008 SqFt

525 7th St, West Des Moines IA, 50265

Listing Office:

RE/MAX Concepts

#674684

MLS logo

What housing markets are near Polk County, IA?

About Polk County, IA

Polk County, IA has 2,713 homes for sale to choose from. In May 2023 in Polk County, IA there were 1.4% less homes for sale than in April 2023. The median list price of listings available in May 2023 was $266,198, while the average time on the real estate market was 40 days. Listing prices have changed in this real estate market between April 2023 and May 2023: 1 bedroom properties became 12.9% more cheaper, 2 bedrooms properties became 7.7% more expensive, 3 bedrooms properties prices increased by 5.1%, prices of 4 bedrooms properties increased by 4.9%, prices of 5 bedrooms properties went up by 7.9%. This housing market inventory have changed: the quantity of 1 bedroom homes went down by 2.9%, number of 2 bedrooms homes increased by 1.1%, the quantity of 3 bedrooms homes went down by 4.1%, 4 bedrooms homes inventory decreased by 1.2%, the quantity of 5 bedrooms homes went up by 4.3%. In May 2023 more than 225 listings in Polk County, IA were sold above the asking price. During the same period more than 202 listings were sold at asking price, while more than 248 were sold below.

MLS Disclaimers and Copyright

Based on information from Des Moines MLS for the period 06/01/2021 - 06/01/2023

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Des Moines Area Association of Realtors. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright© 2023 Des Moines Area Association of Realtors. All Rights Reserved
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/6/2023, 12:55:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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