Is Polk Township, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Polk Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 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, IN

How much do homes in Polk Township, IN cost?

Median Sold Price

$165,000

$109/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$34,500(-17.3%)

Key Takeaway

Homes in Polk Township have sold for 17.3% less than they did a month ago.

Summary: The median home sold price in Polk Township was $165,000 in October 2024, down 17.3% from last month, and the median price per square foot was $109.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $179K-
N/A
3 $199.5K$255K
+27.8%
4 $310K$75K
-75.8%
5+ --
N/A

Summary: Polk Township 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 did not change, 3 bedroom homes increased by 27.8%, 4 bedroom homes decreased by 75.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Polk Township
-17.3%
Walkerton
-30.8%

Housing Supply in Polk Township, IN

How many homes are available in Polk Township, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
10100.0%

Summary: The Polk Township real estate market had 10 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 43
-25.0%
4 22
0.0%
5+ 11
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 increased by 33.3%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Polk Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Polk Township in October 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Polk Township, IN

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in Polk Township, IN

Nearby Markets to Polk Township, IN

What housing markets are near Polk Township, IN?