Is Polk County, TX 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, TX
How much do homes in Polk County, TX cost?
Median Sold Price
$251,500
$156/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 $251,500 in March 2024, up 10.3% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $82.6K | $105.7K | +28.0% |
2 Bedrooms | $150K | $185.7K | +23.8% |
3 Bedrooms | $253K | $269.6K | +6.6% |
4 Bedrooms | $324K | $396.4K | +22.4% |
5+ Bedrooms | $322K | $485K | +50.6% |
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 28%, 2 bedroom homes increased by 23.8%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 22.4%, and 5+ bedroom homes increased by 50.6%.
Median Sold Price Compared To Nearby Counties
Tyler County | $179.9K | $202.5K | +12.5% |
Polk County | $227.9K | $251.5K | +10.3% |
San Jacinto County | $259K | $250K | -3.5% |
Trinity County | $225K | $203.9K | -9.4% |
Angelina County | $271K | $244.2K | -9.9% |
Housing Supply in Polk County, TX
How many homes are available in Polk County, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
319 | 367 | +15.0% |
Summary: The Polk County real estate market had 367 homes for sale in March 2024, a 15.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 13 | -7.1% |
2 Bedrooms | 77 | 77 | 0.0% |
3 Bedrooms | 161 | 198 | +23.0% |
4 Bedrooms | 54 | 62 | +14.8% |
5+ Bedrooms | 13 | 17 | +30.8% |
Summary: The Polk County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.1%, 2 bedroom homes remained the same, 3 bedroom homes increased by 23%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes increased by 30.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
36 | 26 | -27.8% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Polk County in March 2024, down by 27.8% month-over-month. Of the 26 sold homes, 65% were sold under asking, 12% were sold at asking, and 23% were sold over asking.
Days on Market for Polk County, TX
How long does it take to sell a home in Polk County, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
93 Days | 62 Days | -33.3% |
Summary: Homes in Polk County had an average of 62 days on market in Mar 2024, down by 33.3% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 26 homes were sold in Polk County; 46% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.