Is Polk County, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Polk County is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, Polk County has remained a Seller's Market.

Key Takeaway

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

How much do homes in Polk County, WI cost?

Median Sold Price

$274,379

$161/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$33,184(+13.8%)

Key Takeaway

Homes in Polk County have sold for 13.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $115K$215K
+87.0%
2 $205K$236.5K
+15.4%
3 $241K$274.2K
+13.8%
4 $275K$335K
+21.8%
5+ $335K$427.5K
+27.6%

Median Sold Price Compared To Nearby Counties

Burnett County
+18.2%
Polk County
+13.8%
Saint Croix County
+6.9%
Chisago County
+5.9%
Washington County
+5.4%

How many homes are available in Polk County, WI?

Number of Homes For Sale

Aug 2022Sep 2022%
483457-5.4%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 610
+66.7%
2 132147
+11.4%
3 241197
-18.3%
4 7573
-2.7%
5+ 2930
+3.4%

Number of Homes Sold

Aug 2022Sep 2022%
161106-34.2%

Asking Price vs. Sold Price

35 Homes Were Sold
Under Asking

25 Homes Were Sold
At Asking

46 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Polk County, you could pay more than the asking price. 43.4% of homes here sold above asking price last month.

Average Sale Time

Sep 2021Sep 2022%
48 Days57 Days+17.7%

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

27 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Polk County, WI

There are 457 homes are for sale in Polk County, WI real estate market. Between August 2022 and September 2022, Polk County, WI real estate market has seen decrease in the number of listings by 5.4%. The median list price of listings available in September 2022 was $274,379, while the average time on the real estate market was 57 days. Between August 2022 and September 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties went up by 87%, prices of 2 bedrooms properties increased by 15.4%, prices of 3 bedrooms properties increased by 13.8%, prices of 4 bedrooms properties went up by 21.8%, 5 bedrooms properties became 27.6% more expensive. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes went up by 66.7%, 2 bedrooms homes became 11.4% more available, number of 3 bedrooms homes decreased by 18.3%, number of 4 bedrooms homes decreased by 2.7%, 5 bedrooms homes inventory increased by 3.4%. In September 2022, from all listings sold in Polk County, WI there were more than 46 sold above asking price, over 35 sold below and more than 25 were sold right at the asked price.

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