Is Polk County, OR 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, OR
How much do homes in Polk County, OR cost?
Median Sold Price
$444,333
$266/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 $444,333 in April 2024, down 6.2% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $377.5K | - | N/A |
2 Bedrooms | $355K | $346.5K | -2.4% |
3 Bedrooms | $443.8K | $439.9K | -0.9% |
4 Bedrooms | $549K | $522.4K | -4.8% |
5+ Bedrooms | $600K | $627.4K | +4.6% |
Summary: Polk County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.4%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 4.6%.
Median Sold Price Compared To Nearby Counties
Yamhill County | $474.9K | $480.4K | +1.2% |
Marion County | $439.9K | $440.3K | 0.1% |
Polk County | $473.6K | $444.3K | -6.2% |
Lincoln County | $520.6K | $486.7K | -6.5% |
Housing Supply in Polk County, OR
How many homes are available in Polk County, OR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
166 | 175 | +5.4% |
Summary: The Polk County real estate market had 175 homes for sale in April 2024, a 5.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 20 | 19 | -5.0% |
3 Bedrooms | 93 | 89 | -4.3% |
4 Bedrooms | 39 | 51 | +30.8% |
5+ Bedrooms | 11 | 13 | +18.2% |
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 decreased by 5%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
37 | 35 | -5.4% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in Polk County in April 2024, down by 5.4% month-over-month. Of the 35 sold homes, 34% were sold under asking, 37% were sold at asking, and 29% were sold over asking.
Days on Market for Polk County, OR
How long does it take to sell a home in Polk County, OR?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
61 Days | 96 Days | +55.5% |
Summary: Homes in Polk County had an average of 96 days on market in Apr 2024, up by 55.5% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During April 2024, 35 homes were sold in Polk County; 37% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.