Is Polk County, MO 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, MO
How much do homes in Polk County, MO cost?
Median Sold Price
$225,000
$259/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 $225,000 in March 2024, up 4.7% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $91.7K | $132.5K | +44.4% |
2 Bedrooms | $145K | $145K | 0.0% |
3 Bedrooms | $215K | $229.9K | +7.0% |
4 Bedrooms | $269.9K | $304.9K | +13.0% |
5+ Bedrooms | $392.6K | $374.3K | -4.7% |
Summary: Polk County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 44.4%, 2 bedroom homes did not change, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 13%, and 5+ bedroom homes decreased by 4.7%.
Median Sold Price Compared To Nearby Counties
Hickory County | $166K | $192K | +15.7% |
Dade County | $130K | $147.5K | +13.5% |
Polk County | $214.9K | $225K | +4.7% |
Cedar County | $152.5K | $158.3K | +3.9% |
Dallas County | $179.4K | $177K | -1.3% |
Housing Supply in Polk County, MO
How many homes are available in Polk County, MO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
118 | 136 | +15.3% |
Summary: The Polk County real estate market had 136 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 | 4 | 5 | +25.0% |
2 Bedrooms | 14 | 21 | +50.0% |
3 Bedrooms | 60 | 77 | +28.3% |
4 Bedrooms | 31 | 25 | -19.4% |
5+ Bedrooms | 9 | 8 | -11.1% |
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 25%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 28.3%, 4 bedroom homes decreased by 19.4%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 27 | +35.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Polk County in March 2024, up by 35.0% month-over-month. Of the 23 sold homes, 74% were sold under asking, 13% were sold at asking, and 13% were sold over asking.
Days on Market for Polk County, MO
How long does it take to sell a home in Polk County, MO?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
54 Days | 70 Days | +30.3% |
Summary: Homes in Polk County had an average of 70 days on market in Mar 2024, up by 30.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 27 homes were sold in Polk County; 30% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.