$8,776 Closing Credit*
$739,000
3,922 SqFt
8 Beds
•5 Full Baths
Cui Li, Listing Office: RATIO REAL ESTATE, LLC
Is Polk County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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, FL
How much do homes in Polk County, FL cost?
Median Sold Price
$324,794
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$4,085(+1.3%)
Key Takeaway
Homes in Polk County have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in Polk County was $324,794 in October 2024, up 1.3% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $105K | $109.5K | +4.3% |
| 2 Bedrooms | $218.7K | $218.6K | 0% |
| 3 Bedrooms | $300K | $301.4K | 0.5% |
| 4 Bedrooms | $360K | $358.5K | -0.4% |
| 5+ Bedrooms | $470K | $469.8K | 0% |
Summary: Polk County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes did not change, 3 bedroom homes increased by 0.5%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
| Orange County | $400K | $425.5K | +6.4% |
| Highlands County | $264.9K | $270K | +1.9% |
| Polk County | $320.7K | $324.7K | +1.3% |
| Osceola County | $391.6K | $389.9K | -0.4% |
Housing Supply in Polk County, FL
How many homes are available in Polk County, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6,810 | 6,765 | -0.7% |
Summary: The Polk County real estate market had 6,765 homes for sale in October 2024, a 0.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 61 | 65 | +6.6% |
| 2 Bedrooms | 813 | 804 | -1.1% |
| 3 Bedrooms | 2,788 | 2,760 | -1.0% |
| 4 Bedrooms | 2,200 | 2,195 | -0.2% |
| 5+ Bedrooms | 948 | 941 | -0.7% |
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 6.6%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes decreased by 1%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes decreased by 0.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 929 | 790 | -15.0% |
Asking Price vs. Sold Price
439 Homes Were Sold
Under Asking
263 Homes Were Sold
At Asking
88 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. 55.6% of homes here sold below asking price last month.
Summary: A total of 790 homes were sold or pending in Polk County in October 2024, down by 15.0% month-over-month. Of the 790 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 44 Days | 66 Days | +47.3% |
Summary: Homes in Polk County had an average of 66 days on market in Oct 2024, up by 47.3% compared to last year.
Breakdown of Home Sale Times
311 Homes Were Sold
Under 30 Days
288 Homes Were Sold
In 30 - 90 Days
191 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 October 2024, 790 homes were sold in Polk County; 39% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
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Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. 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. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.