Is Polk County, IA 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, IA
How much do homes in Polk County, IA cost?
Median Sold Price
$280,685
$203/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 $280,685 in April 2024, up 5.9% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $133.2K | $123.9K | -7.0% |
2 Bedrooms | $168.6K | $176K | +4.4% |
3 Bedrooms | $259.7K | $271.4K | +4.5% |
4 Bedrooms | $355.2K | $365K | +2.7% |
5+ Bedrooms | $503.9K | $523.1K | +3.8% |
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 7%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 3.8%.
Median Sold Price Compared To Nearby Counties
Story County | $260.3K | $284.9K | +9.5% |
Jasper County | $169.6K | $184K | +8.4% |
Polk County | $265K | $280.6K | +5.9% |
Warren County | $284K | $300.8K | +5.9% |
Dallas County | $337.4K | $349.8K | +3.7% |
Housing Supply in Polk County, IA
How many homes are available in Polk County, IA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3,041 | 2,996 | -1.5% |
Summary: The Polk County real estate market had 2,996 homes for sale in April 2024, a 1.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 38 | 37 | -2.6% |
2 Bedrooms | 511 | 505 | -1.2% |
3 Bedrooms | 1,201 | 1,170 | -2.6% |
4 Bedrooms | 905 | 882 | -2.5% |
5+ Bedrooms | 386 | 402 | +4.1% |
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 2.6%, 2 bedroom homes decreased by 1.2%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 4.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
635 | 678 | +6.8% |
Asking Price vs. Sold Price
322 Homes Were Sold
Under Asking
221 Homes Were Sold
At Asking
135 Homes Were Sold
Over Asking
Summary: A total of 678 homes were sold or pending in Polk County in April 2024, up by 6.8% month-over-month. Of the 678 sold homes, 47% were sold under asking, 33% were sold at asking, and 20% were sold over asking.
Days on Market for Polk County, IA
How long does it take to sell a home in Polk County, IA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
48 Days | 53 Days | +9.3% |
Summary: Homes in Polk County had an average of 53 days on market in Apr 2024, up by 9.3% compared to last year.
Breakdown of Home Sale Times
426 Homes Were Sold
Under 30 Days
116 Homes Were Sold
In 30 - 90 Days
136 Homes Were Sold
Over 90 Days
Summary: During April 2024, 678 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 20% of homes were sold over 90 days.