Is Polk County, OR 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, OR
How much do homes in Polk County, OR cost?
Median Sold Price
$450,966
$266/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 $450,966 in March 2024, down 5.1% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $475K | $280K | -41.1% |
2 Bedrooms | $350K | $353.5K | +1.0% |
3 Bedrooms | $441.3K | $444K | +0.6% |
4 Bedrooms | $549.9K | $527K | -4.2% |
5+ Bedrooms | $645K | $635K | -1.6% |
Summary: Polk County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.1%, 2 bedroom homes increased by 1%, 3 bedroom homes increased by 0.6%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes decreased by 1.6%.
Median Sold Price Compared To Nearby Counties
Yamhill County | $474.7K | $480.6K | +1.2% |
Marion County | $440.8K | $441.2K | 0.1% |
Polk County | $475.4K | $450.9K | -5.1% |
Lincoln County | $518.3K | $489.1K | -5.6% |
Housing Supply in Polk County, OR
How many homes are available in Polk County, OR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
233 | 251 | +7.7% |
Summary: The Polk County real estate market had 251 homes for sale in March 2024, a 7.7% 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 | 22 | 25 | +13.6% |
3 Bedrooms | 129 | 129 | 0.0% |
4 Bedrooms | 61 | 75 | +23.0% |
5+ Bedrooms | 20 | 20 | 0.0% |
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 increased by 13.6%, 3 bedroom homes remained the same, 4 bedroom homes increased by 23%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
26 | 32 | +23.1% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in Polk County in March 2024, up by 23.1% month-over-month. Of the 32 sold homes, 31% were sold under asking, 31% were sold at asking, and 38% were sold over asking.
Days on Market for Polk County, OR
How long does it take to sell a home in Polk County, OR?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
73 Days | 105 Days | +43.8% |
Summary: Homes in Polk County had an average of 105 days on market in Mar 2024, up by 43.8% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During March 2024, 32 homes were sold in Polk County; 41% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 47% of homes were sold over 90 days.