Is Polk County, WI 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 Neutral 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, WI
How much do homes in Polk County, WI cost?
Median Sold Price
$301,375
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Polk County have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in Polk County was $301,375 in April 2024, up 9.6% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215K | $185K | -14.0% |
| 2 Bedrooms | $230.6K | $284.7K | +23.4% |
| 3 Bedrooms | $280K | $299.9K | +7.1% |
| 4 Bedrooms | $328.3K | $370K | +12.7% |
| 5+ Bedrooms | $435K | $469.9K | +8.0% |
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 14%, 2 bedroom homes increased by 23.4%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 8%.
Median Sold Price Compared To Nearby Counties
| Polk County | $275K | $301.3K | +9.6% |
| Saint Croix County | $364.9K | $374.7K | +2.7% |
| Chisago County | $348.9K | $357.2K | +2.4% |
| Washington County | $413.6K | $410.3K | -0.8% |
| Burnett County | $280K | $274.9K | -1.8% |
Housing Supply in Polk County, WI
How many homes are available in Polk County, WI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 272 | 331 | +21.7% |
Summary: The Polk County real estate market had 331 homes for sale in April 2024, a 21.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 10 | +100.0% |
| 2 Bedrooms | 84 | 106 | +26.2% |
| 3 Bedrooms | 116 | 131 | +12.9% |
| 4 Bedrooms | 56 | 66 | +17.9% |
| 5+ Bedrooms | 11 | 18 | +63.6% |
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 100%, 2 bedroom homes increased by 26.2%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes increased by 63.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 52 | 52 | 0.0% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
17 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. 46.2% of homes here sold below asking price last month.
Summary: A total of 52 homes were sold or pending in Polk County in April 2024, the same as the previous month. Of the 52 sold homes, 46% were sold under asking, 21% were sold at asking, and 33% were sold over asking.
Days on Market for Polk County, WI
How long does it take to sell a home in Polk County, WI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 53 Days | 45 Days | -15.2% |
Summary: Homes in Polk County had an average of 45 days on market in Apr 2024, down by 15.2% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
3 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, 52 homes were sold in Polk County; 25% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
