Is Polk County, AR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Polk County is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Polk County has remained a Buyer's Market.

Key Takeaway

Polk County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Polk County, AR

How much do homes in Polk County, AR cost?

Median Sold Price

$170,000

$122/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

-$15,000(-8.1%)

Key Takeaway

Homes in Polk County have sold for 8.1% less than they did a month ago.

Summary: The median home sold price in Polk County was $170,000 in May 2024, down 8.1% from last month, and the median price per square foot was $122.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 $199.5K-
N/A
2 $136K$262.5K
+93.0%
3 $215K$160K
-25.6%
4 -$400K
N/A
5+ -$650K
N/A

Summary: Polk County housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 93%, 3 bedroom homes decreased by 25.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

Montgomery County
+22.7%
Polk County
-8.1%
Howard County
-33.2%
Sevier County
-57.8%

Housing Supply in Polk County, AR

How many homes are available in Polk County, AR?

Number of Homes For Sale

Apr 2024May 2024CHANGE
135147+8.9%

Summary: The Polk County real estate market had 147 homes for sale in May 2024, a 8.9% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 76
-14.3%
2 2725
-7.4%
3 7481
+9.5%
4 1925
+31.6%
5+ 810
+25.0%

Summary: The Polk County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes decreased by 7.4%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 31.6%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1518+20.0%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Polk County, you may be able to get a good deal. 82.4% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in Polk County in May 2024, up by 20.0% month-over-month. Of the 17 sold homes, 82% were sold under asking, 12% were sold at asking, and 6% were sold over asking.

Days on Market for Polk County, AR

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Polk County, AR

Nearby Markets to Polk County, AR

What housing markets are near Polk County, AR?