Is Polk County, NC 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, NC
How much do homes in Polk County, NC cost?
Median Sold Price
$417,250
$233/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 $417,250 in April 2024, up 7% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | $240.5K | +6.9% |
2 Bedrooms | $326.2K | $354.8K | +8.8% |
3 Bedrooms | $396.4K | $450K | +13.5% |
4 Bedrooms | $772K | $670K | -13.2% |
5+ Bedrooms | $1.2M | $972.5K | -19.0% |
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 6.9%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 13.5%, 4 bedroom homes decreased by 13.2%, and 5+ bedroom homes decreased by 19%.
Median Sold Price Compared To Nearby Counties
Greenville County | $321.8K | $345.8K | +7.5% |
Polk County | $390K | $417.2K | +7.0% |
Spartanburg County | $260.3K | $278.1K | +6.9% |
Rutherford County | $250.1K | $264.6K | +5.8% |
Henderson County | $424.5K | $448.8K | +5.7% |
Housing Supply in Polk County, NC
How many homes are available in Polk County, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
136 | 160 | +17.6% |
Summary: The Polk County real estate market had 160 homes for sale in April 2024, a 17.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 31 | 35 | +12.9% |
3 Bedrooms | 60 | 74 | +23.3% |
4 Bedrooms | 27 | 30 | +11.1% |
5+ Bedrooms | 16 | 20 | +25.0% |
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 50%, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 23.3%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 26 | +44.4% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Polk County in April 2024, up by 44.4% month-over-month. Of the 26 sold homes, 62% were sold under asking, 19% were sold at asking, and 19% were sold over asking.
Days on Market for Polk County, NC
How long does it take to sell a home in Polk County, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
67 Days | 56 Days | -16.5% |
Summary: Homes in Polk County had an average of 56 days on market in Apr 2024, down by 16.5% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 26 homes were sold in Polk County; 54% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.