Is Polk County, TX 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, TX
How much do homes in Polk County, TX cost?
Median Sold Price
$254,666
$158/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 $254,666 in April 2024, up 11.3% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $82.3K | $118K | +43.4% |
2 Bedrooms | $152K | $188.6K | +24.1% |
3 Bedrooms | $260K | $276.1K | +6.2% |
4 Bedrooms | $321.5K | $410K | +27.5% |
5+ Bedrooms | $300K | $550K | +83.3% |
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 43.4%, 2 bedroom homes increased by 24.1%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 27.5%, and 5+ bedroom homes increased by 83.3%.
Median Sold Price Compared To Nearby Counties
Polk County | $228.7K | $254.6K | +11.3% |
Tyler County | $190K | $195K | +2.6% |
Trinity County | $215K | $215K | 0.0% |
Angelina County | $260K | $249K | -4.2% |
San Jacinto County | $265K | $245K | -7.5% |
Housing Supply in Polk County, TX
How many homes are available in Polk County, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
333 | 396 | +18.9% |
Summary: The Polk County real estate market had 396 homes for sale in April 2024, a 18.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 12 | 0.0% |
2 Bedrooms | 74 | 82 | +10.8% |
3 Bedrooms | 179 | 218 | +21.8% |
4 Bedrooms | 54 | 64 | +18.5% |
5+ Bedrooms | 14 | 20 | +42.9% |
Summary: The Polk County 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 increased by 10.8%, 3 bedroom homes increased by 21.8%, 4 bedroom homes increased by 18.5%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 | 34 | +13.3% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Polk County in April 2024, up by 13.3% month-over-month. Of the 34 sold homes, 74% were sold under asking, 12% were sold at asking, and 15% were sold over asking.
Days on Market for Polk County, TX
How long does it take to sell a home in Polk County, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
84 Days | 65 Days | -22.9% |
Summary: Homes in Polk County had an average of 65 days on market in Apr 2024, down by 22.9% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During April 2024, 34 homes were sold in Polk County; 41% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.