Is Polk County, IA 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, IA
How much do homes in Polk County, IA cost?
Median Sold Price
$283,356
$204/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 $283,356 in May 2024, up 4.7% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $129K | $123.9K | -4.0% |
2 Bedrooms | $169.5K | $178.7K | +5.4% |
3 Bedrooms | $265K | $272.9K | +3.0% |
4 Bedrooms | $359.4K | $367.9K | +2.4% |
5+ Bedrooms | $510K | $520.8K | +2.1% |
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 4%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 2.1%.
Median Sold Price Compared To Nearby Counties
Jasper County | $169.3K | $184K | +8.7% |
Warren County | $286.7K | $304.9K | +6.4% |
Story County | $269.1K | $285K | +5.9% |
Polk County | $270.5K | $283.3K | +4.7% |
Dallas County | $337.7K | $349.9K | +3.6% |
Housing Supply in Polk County, IA
How many homes are available in Polk County, IA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3,217 | 3,197 | -0.6% |
Summary: The Polk County real estate market had 3,197 homes for sale in May 2024, a 0.6% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 37 | 43 | +16.2% |
2 Bedrooms | 562 | 555 | -1.2% |
3 Bedrooms | 1,257 | 1,253 | -0.3% |
4 Bedrooms | 922 | 911 | -1.2% |
5+ Bedrooms | 439 | 435 | -0.9% |
Summary: The Polk County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.2%, 2 bedroom homes decreased by 1.2%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes decreased by 0.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
721 | 758 | +5.1% |
Asking Price vs. Sold Price
369 Homes Were Sold
Under Asking
235 Homes Were Sold
At Asking
154 Homes Were Sold
Over Asking
Summary: A total of 758 homes were sold or pending in Polk County in May 2024, up by 5.1% month-over-month. Of the 758 sold homes, 49% were sold under asking, 31% were sold at asking, and 20% were sold over asking.
Days on Market for Polk County, IA
How long does it take to sell a home in Polk County, IA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
43 Days | 50 Days | +15.0% |
Summary: Homes in Polk County had an average of 50 days on market in May 2024, up by 15% compared to last year.
Breakdown of Home Sale Times
488 Homes Were Sold
Under 30 Days
128 Homes Were Sold
In 30 - 90 Days
142 Homes Were Sold
Over 90 Days
Summary: During May 2024, 758 homes were sold in Polk County; 64% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.