Is Polk County, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Polk County has remained a Buyer's Market.
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
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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $199.5K | - | N/A |
2 Bedrooms | $136K | $262.5K | +93.0% |
3 Bedrooms | $215K | $160K | -25.6% |
4 Bedrooms | - | $400K | N/A |
5+ Bedrooms | - | $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 | $216K | $265K | +22.7% |
Polk County | $185K | $170K | -8.1% |
Howard County | $229.9K | $153.5K | -33.2% |
Sevier County | $296K | $125K | -57.8% |
Housing Supply in Polk County, AR
How many homes are available in Polk County, AR?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
135 | 147 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 6 | -14.3% |
2 Bedrooms | 27 | 25 | -7.4% |
3 Bedrooms | 74 | 81 | +9.5% |
4 Bedrooms | 19 | 25 | +31.6% |
5+ Bedrooms | 8 | 10 | +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 2024 | May 2024 | CHANGE |
---|---|---|
15 | 18 | +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
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