Is Polk County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Polk County has remained a Seller's Market.
Housing Prices in Polk County, FL
How much do homes in Polk County, FL cost?
Median Sold Price
$321,950
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Polk County was $321,950 in May 2024, down 0.9% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110.2K | $109K | -1.1% |
2 Bedrooms | $220.2K | $215.3K | -2.2% |
3 Bedrooms | $300K | $300K | 0.0% |
4 Bedrooms | $366.3K | $362.3K | -1.1% |
5+ Bedrooms | $485K | $489K | +0.8% |
Summary: Polk County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.1%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes did not change, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 0.8%.
Median Sold Price Compared To Nearby Counties
Highlands County | $237.5K | $276.6K | +16.5% |
Hardee County | $240K | $260.5K | +8.5% |
Orange County | $395.3K | $417.8K | +5.7% |
Osceola County | $389.2K | $390K | 0.2% |
Polk County | $324.8K | $321.9K | -0.9% |
Housing Supply in Polk County, FL
How many homes are available in Polk County, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6,919 | 7,037 | +1.7% |
Summary: The Polk County real estate market had 7,037 homes for sale in May 2024, a 1.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 65 | 64 | -1.5% |
2 Bedrooms | 908 | 893 | -1.7% |
3 Bedrooms | 2,734 | 2,775 | +1.5% |
4 Bedrooms | 2,264 | 2,325 | +2.7% |
5+ Bedrooms | 948 | 980 | +3.4% |
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 1.5%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 3.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1,157 | 1,197 | +3.5% |
Asking Price vs. Sold Price
611 Homes Were Sold
Under Asking
427 Homes Were Sold
At Asking
159 Homes Were Sold
Over Asking
Summary: A total of 1,197 homes were sold or pending in Polk County in May 2024, up by 3.5% month-over-month. Of the 1,197 sold homes, 51% were sold under asking, 36% were sold at asking, and 13% were sold over asking.
Days on Market for Polk County, FL
How long does it take to sell a home in Polk County, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
49 Days | 59 Days | +21.0% |
Summary: Homes in Polk County had an average of 59 days on market in May 2024, up by 21% compared to last year.
Breakdown of Home Sale Times
535 Homes Were Sold
Under 30 Days
388 Homes Were Sold
In 30 - 90 Days
274 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1197 homes were sold in Polk County; 45% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.