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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Polk County is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Polk County was a Seller's Market.

Key Takeaway

Polk County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Polk County, MO

How much do homes in Polk County, MO cost?

Median Sold Price

$234,900

$259/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$20,200(+9.4%)

Key Takeaway

Homes in Polk County have sold for 9.4% more than they did a year ago.

Summary: The median home sold price in Polk County was $234,900 in April 2024, up 9.4% from last year, and the median price per square foot was $259.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $91.7K$132.5K
+44.4%
2 $145.2K$144.9K
-0.2%
3 $214.9K$235K
+9.4%
4 $269.9K$300K
+11.2%
5+ $392.5K$378.6K
-3.5%

Summary: Polk County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 44.4%, 2 bedroom homes decreased by 0.2%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 11.2%, and 5+ bedroom homes decreased by 3.5%.

Median Sold Price Compared To Nearby Counties

Hickory County
+29.9%
Dade County
+26.2%
Polk County
+9.4%
Dallas County
+5.9%
Cedar County
+1.1%

Housing Supply in Polk County, MO

How many homes are available in Polk County, MO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
128154+20.3%

Summary: The Polk County real estate market had 154 homes for sale in April 2024, a 20.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 43
-25.0%
2 1928
+47.4%
3 7591
+21.3%
4 2327
+17.4%
5+ 75
-28.6%

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 25%, 2 bedroom homes increased by 47.4%, 3 bedroom homes increased by 21.3%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes decreased by 28.6%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2724-11.1%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Polk County, you may be able to get a good deal. 39.1% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in Polk County in April 2024, down by 11.1% month-over-month. Of the 23 sold homes, 39% were sold under asking, 26% were sold at asking, and 35% were sold over asking.

Days on Market for Polk County, MO

How long does it take to sell a home in Polk County, MO?

Average Sale Time

Apr 2023Apr 2024CHANGE
47 Days34 Days-28.2%

Summary: Homes in Polk County had an average of 34 days on market in Apr 2024, down by 28.2% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Polk County are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 24 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 21% of homes were sold over 90 days.

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

Report Updated 5 Days Ago

Newest Listings in Polk County, MO

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