Is Polk County, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
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.
Housing Prices in Polk County, IA
How much do homes in Polk County, IA cost?
Median Sold Price
$280,685
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Polk County have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in Polk County was $280,685 in April 2024, up 5.9% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $133.2K | $123.9K | -7.0% |
| 2 Bedrooms | $168.6K | $176K | +4.4% |
| 3 Bedrooms | $259.7K | $271.4K | +4.5% |
| 4 Bedrooms | $355.2K | $365K | +2.7% |
| 5+ Bedrooms | $503.9K | $523.1K | +3.8% |
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 7%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 3.8%.
Median Sold Price Compared To Nearby Counties
| Story County | $260.3K | $284.9K | +9.5% |
| Jasper County | $169.6K | $184K | +8.4% |
| Polk County | $265K | $280.6K | +5.9% |
| Warren County | $284K | $300.8K | +5.9% |
| Dallas County | $337.4K | $349.8K | +3.7% |
Housing Supply in Polk County, IA
How many homes are available in Polk County, IA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3,041 | 2,996 | -1.5% |
Summary: The Polk County real estate market had 2,996 homes for sale in April 2024, a 1.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 38 | 37 | -2.6% |
| 2 Bedrooms | 511 | 505 | -1.2% |
| 3 Bedrooms | 1,201 | 1,170 | -2.6% |
| 4 Bedrooms | 905 | 882 | -2.5% |
| 5+ Bedrooms | 386 | 402 | +4.1% |
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 2.6%, 2 bedroom homes decreased by 1.2%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 4.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 635 | 678 | +6.8% |
Asking Price vs. Sold Price
322 Homes Were Sold
Under Asking
221 Homes Were Sold
At Asking
135 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Polk County, you may be able to get a good deal. 47.5% of homes here sold below asking price last month.
Summary: A total of 678 homes were sold or pending in Polk County in April 2024, up by 6.8% month-over-month. Of the 678 sold homes, 47% were sold under asking, 33% were sold at asking, and 20% were sold over asking.
Days on Market for Polk County, IA
How long does it take to sell a home in Polk County, IA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 48 Days | 53 Days | +9.3% |
Summary: Homes in Polk County had an average of 53 days on market in Apr 2024, up by 9.3% compared to last year.
Breakdown of Home Sale Times
426 Homes Were Sold
Under 30 Days
116 Homes Were Sold
In 30 - 90 Days
136 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Polk County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 678 homes were sold in Polk County; 63% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
