Is Polk County, 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 County was a Seller's Market.
Housing Prices in Polk County, FL
How much do homes in Polk County, FL cost?
Median Sold Price
$321,513
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Polk County was $321,513 in April 2024, down 1.1% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | $109K | -0.9% |
2 Bedrooms | $223.3K | $214.9K | -3.8% |
3 Bedrooms | $301.4K | $300K | -0.5% |
4 Bedrooms | $369.8K | $362.9K | -1.9% |
5+ Bedrooms | $489.7K | $489.9K | 0.0% |
Summary: Polk County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.9%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
Highlands County | $241.6K | $274.2K | +13.5% |
Orange County | $394.7K | $415K | +5.1% |
Osceola County | $388.4K | $391.9K | +0.9% |
Polk County | $324.9K | $321.5K | -1.1% |
Housing Supply in Polk County, FL
How many homes are available in Polk County, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6,507 | 6,564 | +0.9% |
Summary: The Polk County real estate market had 6,564 homes for sale in April 2024, a 0.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 73 | 80 | +9.6% |
2 Bedrooms | 985 | 989 | 0.4% |
3 Bedrooms | 2,570 | 2,561 | -0.4% |
4 Bedrooms | 2,035 | 2,049 | +0.7% |
5+ Bedrooms | 844 | 885 | +4.9% |
Summary: The Polk County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.6%, 2 bedroom homes increased by 0.4%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 4.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,112 | 1,074 | -3.4% |
Asking Price vs. Sold Price
602 Homes Were Sold
Under Asking
330 Homes Were Sold
At Asking
142 Homes Were Sold
Over Asking
Summary: A total of 1,074 homes were sold or pending in Polk County in April 2024, down by 3.4% month-over-month. Of the 1,074 sold homes, 56% were sold under asking, 31% were sold at asking, and 13% were sold over asking.
Days on Market for Polk County, FL
How long does it take to sell a home in Polk County, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
51 Days | 56 Days | +10.9% |
Summary: Homes in Polk County had an average of 56 days on market in Apr 2024, up by 10.9% compared to last year.
Breakdown of Home Sale Times
512 Homes Were Sold
Under 30 Days
326 Homes Were Sold
In 30 - 90 Days
236 Homes Were Sold
Over 90 Days
Summary: During April 2024, 1074 homes were sold in Polk County; 48% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.