$3,557 Closing Credit*
$299,500
1,740 SqFt
4 Beds
•2 Full Baths
Connie Barnes, Listing Office: Barnes Real Estate
Is Polk Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Polk Township has remained a Seller's Market.
Key Takeaway
Polk Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Polk Township, IA
How much do homes in Polk Township, IA cost?
Median Sold Price
$202,500
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$52,500(-20.6%)
Key Takeaway
Homes in Polk Township have sold for 20.6% less than they did a year ago.
Summary: The median home sold price in Polk Township was $202,500 in October 2024, down 20.6% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $182.6K | $175K | -4.2% |
| 3 Bedrooms | $282.7K | $197.5K | -30.1% |
| 4 Bedrooms | $285K | $250K | -12.3% |
| 5+ Bedrooms | $168K | - | N/A |
Summary: Polk Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.2%, 3 bedroom homes decreased by 30.1%, 4 bedroom homes decreased by 12.3%, and 5+ bedroom homes did not change.
Housing Supply in Polk Township, IA
How many homes are available in Polk Township, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Summary: The Polk Township real estate market had 8 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Polk Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 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 Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Polk Township in October 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Polk Township, IA
How long does it take to sell a home in Polk Township, IA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 105 Days | 35 Days | -66.8% |
Summary: Homes in Polk Township had an average of 35 days on market in Oct 2024, down by 66.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Polk Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Polk Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided Courtesy Of Cedar Rapids Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Is Believed To Be Accurate But Not Guaranteed.