$5,587 Closing Credit*
$470,490
2,457 SqFt
5 Beds
•3 Full Baths
Michael Human, Listing Office: CASA FRESCA REALTY
Is Polk County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$323,988
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$3,560(+1.1%)
Key Takeaway
Homes in Polk County have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Polk County was $323,988 in November 2024, up 1.1% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | $108.5K | -1.4% |
| 2 Bedrooms | $215K | $220K | +2.3% |
| 3 Bedrooms | $300K | $300.8K | 0.3% |
| 4 Bedrooms | $359.8K | $357.2K | -0.7% |
| 5+ Bedrooms | $474.3K | $465.6K | -1.8% |
Summary: Polk County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.4%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 0.3%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 1.8%.
Median Sold Price Compared To Nearby Counties
| Orange County | $404K | $427K | +5.7% |
| Highlands County | $253.2K | $264.9K | +4.6% |
| Polk County | $320.4K | $323.9K | +1.1% |
| Osceola County | $392.9K | $389.9K | -0.7% |
Housing Supply in Polk County, FL
How many homes are available in Polk County, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6,722 | 6,796 | +1.1% |
Summary: The Polk County real estate market had 6,796 homes for sale in November 2024, a 1.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 63 | 75 | +19.0% |
| 2 Bedrooms | 792 | 815 | +2.9% |
| 3 Bedrooms | 2,765 | 2,776 | 0.4% |
| 4 Bedrooms | 2,186 | 2,210 | +1.1% |
| 5+ Bedrooms | 916 | 920 | 0.4% |
Summary: The Polk County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 19%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 0.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 873 | 778 | -10.9% |
Asking Price vs. Sold Price
441 Homes Were Sold
Under Asking
250 Homes Were Sold
At Asking
87 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. 56.7% of homes here sold below asking price last month.
Summary: A total of 778 homes were sold or pending in Polk County in November 2024, down by 10.9% month-over-month. Of the 778 sold homes, 57% were sold under asking, 32% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 45 Days | 71 Days | +57.6% |
Summary: Homes in Polk County had an average of 71 days on market in Nov 2024, up by 57.6% compared to last year.
Breakdown of Home Sale Times
287 Homes Were Sold
Under 30 Days
268 Homes Were Sold
In 30 - 90 Days
221 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 November 2024, 778 homes were sold in Polk County; 37% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
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