$4,619 Closing Credit*
$389,000
1,856 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: LeBlanc Realty
Is Polk County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Polk County has remained a Seller's Market.
Key Takeaway
Polk County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Polk County, MN
How much do homes in Polk County, MN cost?
Median Sold Price
$185,000
$96/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$18,000(+10.8%)
Key Takeaway
Homes in Polk County have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in Polk County was $185,000 in November 2024, up 10.8% from last year, and the median price per square foot was $96.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $76.2K | $198K | +159.7% |
| 2 Bedrooms | $133K | $90K | -32.3% |
| 3 Bedrooms | $167K | $180K | +7.8% |
| 4 Bedrooms | $241K | $195K | -19.1% |
| 5+ Bedrooms | $234K | $227.5K | -2.8% |
Summary: Polk County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 159.7%, 2 bedroom homes decreased by 32.3%, 3 bedroom homes increased by 7.8%, 4 bedroom homes decreased by 19.1%, and 5+ bedroom homes decreased by 2.8%.
Median Sold Price Compared To Nearby Counties
| Polk County | $167K | $185K | +10.8% |
| Norman County | $149.5K | $165K | +10.4% |
Housing Supply in Polk County, MN
How many homes are available in Polk County, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 77 | 68 | -11.7% |
Summary: The Polk County real estate market had 68 homes for sale in November 2024, a 11.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 9 | 11 | +22.2% |
| 3 Bedrooms | 37 | 29 | -21.6% |
| 4 Bedrooms | 24 | 21 | -12.5% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Polk County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 22.2%, 3 bedroom homes decreased by 21.6%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 18 | +50.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Polk County, you may be able to get a good deal. 94.4% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Polk County in November 2024, up by 50.0% month-over-month. Of the 18 sold homes, 94% were sold under asking, 0% were sold at asking, and 6% were sold over asking.
Days on Market for Polk County, MN
How long does it take to sell a home in Polk County, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 72 Days | 106 Days | +47.6% |
Summary: Homes in Polk County had an average of 106 days on market in Nov 2024, up by 47.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Polk County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 18 homes were sold in Polk County; 17% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 56% of homes were sold over 90 days.
