Is Polk County, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Polk County has remained a Buyer's Market.
Key Takeaway
Polk County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Polk County, AR
How much do homes in Polk County, AR cost?
Median Sold Price
$185,000
$111/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Polk County have sold for 35% more than they did a month ago.
Summary: The median home sold price in Polk County was $185,000 in April 2024, up 35% from last month, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | $199.5K | +37.6% |
| 2 Bedrooms | $90K | $136K | +51.1% |
| 3 Bedrooms | $153.5K | $215K | +40.1% |
| 4 Bedrooms | $125K | - | N/A |
| 5+ Bedrooms | $260K | - | N/A |
Summary: Polk County housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes increased by 37.6%, 2 bedroom homes increased by 51.1%, 3 bedroom homes increased by 40.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
| Sevier County | $135K | $296K | +119.3% |
| Polk County | $137K | $185K | +35.0% |
| Howard County | $192.5K | $210.9K | +9.6% |
| Montgomery County | $278.7K | $216K | -22.5% |
Housing Supply in Polk County, AR
How many homes are available in Polk County, AR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 134 | 142 | +6.0% |
Summary: The Polk County real estate market had 142 homes for sale in April 2024, a 6.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 7 | -12.5% |
| 2 Bedrooms | 32 | 29 | -9.4% |
| 3 Bedrooms | 65 | 75 | +15.4% |
| 4 Bedrooms | 20 | 22 | +10.0% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Polk County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes decreased by 9.4%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 15 | -21.1% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Polk County, you may be able to get a good deal. 73.3% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Polk County in April 2024, down by 21.1% month-over-month. Of the 15 sold homes, 73% were sold under asking, 20% were sold at asking, and 7% were sold over asking.
Days on Market for Polk County, AR
We’re sorry, we don't have information for this market at the moment
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Cooperative Arkansas REALTORS® Multiple Listing Services, Inc. Real estate listings, held by brokerage firms other than this broker, are marked with the Broker Reciprocity℠ logo and information about them includes the name of the listing brokers. The IDX information is provided exclusively for consumers’ personal, non-commercial use that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2024 Cooperative Arkansas Realtors MLS. All Rights Reserved.
Copyright© 2024 MLSOK, Inc. All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, MLSOK, Inc. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. It may be subject to transcription and transmission errors. Accordingly, the data is provided as is, as available basis only and may not reflect all real estate activity in the market. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 