Is Polk City, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Polk City was a Seller's Market.
Housing Prices in Polk City, FL
How much do homes in Polk City, FL cost?
Median Sold Price
$303,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Polk City was $303,000 in April 2024, down 6.8% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $318.5K | $345K | +8.3% |
2 Bedrooms | $485K | $206.2K | -57.5% |
3 Bedrooms | $282.5K | $266K | -5.8% |
4 Bedrooms | $339K | $357.4K | +5.4% |
5+ Bedrooms | $425K | $380K | -10.6% |
Summary: Polk City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes decreased by 57.5%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes decreased by 10.6%.
Median Sold Price Compared To Nearby Cities
Auburndale | $329.9K | $324.9K | -1.5% |
Polk City | $325K | $303K | -6.8% |
Housing Supply in Polk City, FL
How many homes are available in Polk City, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
89 | 81 | -9.0% |
Summary: The Polk City real estate market had 81 homes for sale in April 2024, a 9.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 10 | 0.0% |
2 Bedrooms | 24 | 22 | -8.3% |
3 Bedrooms | 33 | 32 | -3.0% |
4 Bedrooms | 17 | 11 | -35.3% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Polk City housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.3%, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 35.3%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 10 | -54.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Polk City in April 2024, down by 54.5% month-over-month. Of the 10 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% were sold over asking.
Days on Market for Polk City, FL
How long does it take to sell a home in Polk City, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
25 Days | 72 Days | +186.4% |
Summary: Homes in Polk City had an average of 72 days on market in Apr 2024, up by 186.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Polk City; 30% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.