Is Polk County, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Polk County was a Seller'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, TX
How much do homes in Polk County, TX cost?
Median Sold Price
$250,500
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Polk County have sold for 11.3% more than they did a year ago.
Summary: The median home sold price in Polk County was $250,500 in May 2024, up 11.3% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $77K | $130.5K | +69.5% |
| 2 Bedrooms | $150K | $175K | +16.7% |
| 3 Bedrooms | $259.9K | $275K | +5.8% |
| 4 Bedrooms | $324K | $426.2K | +31.6% |
| 5+ Bedrooms | $325K | $782.5K | +140.8% |
Summary: Polk County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 69.5%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 31.6%, and 5+ bedroom homes increased by 140.8%.
Median Sold Price Compared To Nearby Counties
| Polk County | $225K | $250.5K | +11.3% |
| Tyler County | $179.9K | $196K | +8.9% |
| Trinity County | $205K | $216.2K | +5.5% |
| Angelina County | $258K | $254.9K | -1.2% |
| San Jacinto County | $275K | $245K | -10.9% |
Housing Supply in Polk County, TX
How many homes are available in Polk County, TX?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 359 | 411 | +14.5% |
Summary: The Polk County real estate market had 411 homes for sale in May 2024, a 14.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 13 | 0.0% |
| 2 Bedrooms | 67 | 79 | +17.9% |
| 3 Bedrooms | 201 | 235 | +16.9% |
| 4 Bedrooms | 57 | 63 | +10.5% |
| 5+ Bedrooms | 21 | 21 | 0.0% |
Summary: The Polk County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 17.9%, 3 bedroom homes increased by 16.9%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 36 | 38 | +5.6% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Polk County, you may be able to get a good deal. 68.4% of homes here sold below asking price last month.
Summary: A total of 38 homes were sold or pending in Polk County in May 2024, up by 5.6% month-over-month. Of the 38 sold homes, 68% were sold under asking, 11% were sold at asking, and 21% were sold over asking.
Days on Market for Polk County, TX
How long does it take to sell a home in Polk County, TX?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 57 Days | 61 Days | +7.1% |
Summary: Homes in Polk County had an average of 61 days on market in May 2024, up by 7.1% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Polk County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 38 homes were sold in Polk County; 42% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
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