Is Polk County, GA 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.
Housing Prices in Polk County, GA
How much do homes in Polk County, GA cost?
Median Sold Price
$247,400
$157/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 $247,400 in April 2024, up 1.1% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $128K | $110K | -14.1% |
2 Bedrooms | $170K | $160K | -5.9% |
3 Bedrooms | $238K | $247.2K | +3.9% |
4 Bedrooms | $286K | $298K | +4.2% |
5+ Bedrooms | $430K | $330K | -23.3% |
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 14.1%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 23.3%.
Median Sold Price Compared To Nearby Counties
Haralson County | $260K | $279.9K | +7.7% |
Floyd County | $223K | $239.9K | +7.6% |
Bartow County | $314.9K | $325K | +3.2% |
Polk County | $244.8K | $247.4K | +1.1% |
Paulding County | $351.6K | $350.1K | -0.4% |
Housing Supply in Polk County, GA
How many homes are available in Polk County, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
262 | 290 | +10.7% |
Summary: The Polk County real estate market had 290 homes for sale in April 2024, a 10.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 5 | +66.7% |
2 Bedrooms | 33 | 42 | +27.3% |
3 Bedrooms | 148 | 146 | -1.4% |
4 Bedrooms | 65 | 79 | +21.5% |
5+ Bedrooms | 13 | 18 | +38.5% |
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 66.7%, 2 bedroom homes increased by 27.3%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 21.5%, and 5+ bedroom homes increased by 38.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
59 | 57 | -3.4% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 57 homes were sold or pending in Polk County in April 2024, down by 3.4% month-over-month. Of the 56 sold homes, 64% were sold under asking, 21% were sold at asking, and 14% were sold over asking.
Days on Market for Polk County, GA
How long does it take to sell a home in Polk County, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
31 Days | 50 Days | +63.1% |
Summary: Homes in Polk County had an average of 50 days on market in Apr 2024, up by 63.1% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During April 2024, 57 homes were sold in Polk County; 53% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.