Is Polk Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Polk Township has remained a Seller's Market.
Housing Prices in Polk Township, PA
How much do homes in Polk Township, PA cost?
Median Sold Price
$279,900
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Polk Township was $279,900 in May 2024, down 1.8% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $242K | $195.5K | -19.2% |
3 Bedrooms | $210K | $283.4K | +35.0% |
4 Bedrooms | $352.5K | $440K | +24.8% |
5+ Bedrooms | $359.9K | $280K | -22.2% |
Summary: Polk Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 19.2%, 3 bedroom homes increased by 35%, 4 bedroom homes increased by 24.8%, and 5+ bedroom homes decreased by 22.2%.
Median Sold Price Compared To Nearby Cities
Effort | $301K | $330K | +9.6% |
Polk Township | $285K | $279.9K | -1.8% |
Kunkletown | $285K | $272.5K | -4.4% |
Housing Supply in Polk Township, PA
How many homes are available in Polk Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
27 | 23 | -14.8% |
Summary: The Polk Township real estate market had 23 homes for sale in May 2024, a 14.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 10 | 8 | -20.0% |
4 Bedrooms | 7 | 6 | -14.3% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Polk Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 7 | +16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Polk Township in May 2024, up by 16.7% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for Polk Township, PA
How long does it take to sell a home in Polk Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
13 Days | 32 Days | +146.8% |
Summary: Homes in Polk Township had an average of 32 days on market in May 2024, up by 146.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Polk Township; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.