Is Polk Township, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Polk Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Polk Township has remained a Seller's Market.

Key Takeaway

Polk Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Polk Township, MO

How much do homes in Polk Township, MO cost?

Median Sold Price

$247,000

-

Based on all homes sold in September 2024.

Difference Since Last Month

-$225,500(-47.7%)

Key Takeaway

Homes in Polk Township have sold for 47.7% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 -$247K
N/A
3 $472.5K-
N/A
4 --
N/A
5+ --
N/A

Summary: Polk Township housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Polk Township, MO

How many homes are available in Polk Township, MO?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1011+10.0%

Summary: The Polk Township real estate market had 11 homes for sale in September 2024, a 10.0% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 22
0.0%
3 46
+50.0%
4 32
-33.3%
5+ 11
0.0%

Summary: The Polk Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Polk Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Polk Township in September 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Polk Township, MO

How long does it take to sell a home in Polk Township, MO?

Average Sale Time

Aug 2024Sep 2024CHANGE
26 Days88 Days+238.5%

Summary: Homes in Polk Township had an average of 88 days on market in Sep 2024, up by 238.5% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Polk Township has remained consistent over time.

Summary: During September 2024, 4 homes were sold in Polk Township; 0% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

Newest Listings in Polk Township, MO

Nearby Markets to Polk Township, MO

What housing markets are near Polk Township, MO?