$2,838 Closing Credit*
$239,000
1,782 SqFt
3 Beds
•2 Full Baths
#24042254, Kevin Smallwood, Listing Office: RE/MAX Mena Real Estate, Inc.
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.
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
$217,500
$129/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$70,500(+48.0%)
Key Takeaway
Homes in Polk County have sold for 48% more than they did a month ago.
Summary: The median home sold price in Polk County was $217,500 in October 2024, up 48% from last month, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $132.5K | $180K | +35.8% |
| 3 Bedrooms | $213.7K | $240K | +12.3% |
| 4 Bedrooms | $104.2K | $195K | +87.1% |
| 5+ Bedrooms | - | $1.0M | N/A |
Summary: Polk County housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 35.8%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 87.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
| Polk County | $147K | $217.5K | +48.0% |
| Montgomery County | $307.5K | $247.5K | -19.5% |
| Howard County | $190K | $126K | -33.7% |
| Sevier County | $250K | $150K | -40.0% |
Housing Supply in Polk County, AR
How many homes are available in Polk County, AR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 132 | 142 | +7.6% |
Summary: The Polk County real estate market had 142 homes for sale in October 2024, a 7.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 24 | 22 | -8.3% |
| 3 Bedrooms | 66 | 76 | +15.2% |
| 4 Bedrooms | 26 | 25 | -3.8% |
| 5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The Polk County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 15.2%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 14 | -12.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 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. 85.7% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Polk County in October 2024, down by 12.5% month-over-month. Of the 14 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% 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
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Cooperative Arkansas REALTORS® Multiple Listing Services, Inc. Real estate listings, held by brokerage firms other than this broker, are marked with the Broker Reciprocity℠ logo and information about them includes the name of the listing brokers. The IDX information is provided exclusively for consumers’ personal, non-commercial use that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2024 Cooperative Arkansas Realtors MLS. All Rights Reserved.