Is Polk Township, PA 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 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, PA
How much do homes in Polk Township, PA cost?
Median Sold Price
$299,000
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Polk Township have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in Polk Township was $299,000 in March 2024, up 4.9% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $252K | $242K | -4.0% |
| 3 Bedrooms | $227K | $293K | +29.1% |
| 4 Bedrooms | $332.5K | $460K | +38.3% |
| 5+ Bedrooms | $437.4K | $359.9K | -17.7% |
Summary: Polk Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 29.1%, 4 bedroom homes increased by 38.3%, and 5+ bedroom homes decreased by 17.7%.
Median Sold Price Compared To Nearby Cities
| Effort | $300K | $324.7K | +8.3% |
| Polk Township | $285K | $299K | +4.9% |
| Kunkletown | $265K | $277.4K | +4.7% |
Housing Supply in Polk Township, PA
How many homes are available in Polk Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 22 | 26 | +18.2% |
Summary: The Polk Township real estate market had 26 homes for sale in March 2024, a 18.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 4 | 8 | +100.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Polk Township housing inventory by bedroom type for March 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 10%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Polk Township, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Polk Township in March 2024, up by 150.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Polk Township, PA
How long does it take to sell a home in Polk Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 51 Days | 10 Days | -79.7% |
Summary: Homes in Polk Township had an average of 10 days on market in Mar 2024, down by 79.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Polk Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Polk Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
