$986 Closing Credit*
$83,000
1,076 SqFt
1 Bed
•1 Full Bath
Listing Office: Juve Real Estate
Is Polk County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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, MN
How much do homes in Polk County, MN cost?
Median Sold Price
$179,900
$90/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$12,400(+7.4%)
Key Takeaway
Homes in Polk County have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in Polk County was $179,900 in December 2024, up 7.4% from last year, and the median price per square foot was $90.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $45K | $250K | +455.6% |
| 2 Bedrooms | $121.5K | $87.5K | -28.0% |
| 3 Bedrooms | $168K | $178.5K | +6.3% |
| 4 Bedrooms | $241K | $195K | -19.1% |
| 5+ Bedrooms | $234K | $227.5K | -2.8% |
Summary: Polk County housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 455.6%, 2 bedroom homes decreased by 28%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 19.1%, and 5+ bedroom homes decreased by 2.8%.
Median Sold Price Compared To Nearby Counties
| Polk County | $167.5K | $179.9K | +7.4% |
| Norman County | $156.1K | $165K | +5.7% |
| Traill County | $206.5K | $215K | +4.1% |
Housing Supply in Polk County, MN
How many homes are available in Polk County, MN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 60 | 45 | -25.0% |
Summary: The Polk County real estate market had 45 homes for sale in December 2024, a 25.0% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 26 | 17 | -34.6% |
| 4 Bedrooms | 19 | 14 | -26.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Polk County housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 34.6%, 4 bedroom homes decreased by 26.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 19 | 5 | -73.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 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. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Polk County in December 2024, down by 73.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 82 Days | 60 Days | -26.6% |
Summary: Homes in Polk County had an average of 60 days on market in Dec 2024, down by 26.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Polk County are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 5 homes were sold in Polk County; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
