Is Polk County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Polk County was a Seller's Market.
Housing Prices in Polk County, NC
How much do homes in Polk County, NC cost?
Median Sold Price
$425,000
$231/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 $425,000 in March 2024, up 6.7% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | $240.5K | +6.9% |
2 Bedrooms | $334K | $345K | +3.3% |
3 Bedrooms | $400K | $461K | +15.3% |
4 Bedrooms | $772K | $675K | -12.6% |
5+ Bedrooms | $1.2M | $875K | -27.1% |
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 6.9%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 15.3%, 4 bedroom homes decreased by 12.6%, and 5+ bedroom homes decreased by 27.1%.
Median Sold Price Compared To Nearby Counties
Greenville County | $319.6K | $346.3K | +8.3% |
Polk County | $398.3K | $425K | +6.7% |
Spartanburg County | $259.9K | $277.3K | +6.7% |
Rutherford County | $250.3K | $266.3K | +6.4% |
Henderson County | $422.4K | $444.9K | +5.3% |
Housing Supply in Polk County, NC
How many homes are available in Polk County, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
129 | 138 | +7.0% |
Summary: The Polk County real estate market had 138 homes for sale in March 2024, a 7.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 32 | 31 | -3.1% |
3 Bedrooms | 52 | 57 | +9.6% |
4 Bedrooms | 29 | 32 | +10.3% |
5+ Bedrooms | 15 | 16 | +6.7% |
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 100%, 2 bedroom homes decreased by 3.1%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 16 | -20.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Polk County in March 2024, down by 20.0% month-over-month. Of the 16 sold homes, 56% were sold under asking, 13% were sold at asking, and 31% were sold over asking.
Days on Market for Polk County, NC
How long does it take to sell a home in Polk County, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
46 Days | 75 Days | +61.2% |
Summary: Homes in Polk County had an average of 75 days on market in Mar 2024, up by 61.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in Polk County; 25% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.