$2,969 Closing Credit*
$250,000
600 SqFt
2 Beds
•1 Full Bath
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 October 2023
At the same time last year, Polk County was a Seller's Market.
Key Takeaway
Polk County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Polk County, MN
How much do homes in Polk County, MN cost?
Median Sold Price
$179,450
$97/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$18,950(+11.8%)
Key Takeaway
Homes in Polk County have sold for 11.8% more than they did a year ago.
Summary: The median home sold price in Polk County was $179,450 in October 2024, up 11.8% from last year, and the median price per square foot was $97.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $76.2K | $146K | +91.5% |
| 2 Bedrooms | $110K | $107.9K | -1.9% |
| 3 Bedrooms | $163.5K | $173K | +5.8% |
| 4 Bedrooms | $227.9K | $195K | -14.5% |
| 5+ Bedrooms | $234K | $227.5K | -2.8% |
Summary: Polk County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 91.5%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 5.8%, 4 bedroom homes decreased by 14.5%, and 5+ bedroom homes decreased by 2.8%.
Median Sold Price Compared To Nearby Counties
| Polk County | $160.5K | $179.4K | +11.8% |
| Norman County | $149.5K | $161.5K | +8.0% |
| Traill County | $206.5K | $210K | +1.7% |
Housing Supply in Polk County, MN
How many homes are available in Polk County, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 78 | 82 | +5.1% |
Summary: The Polk County real estate market had 82 homes for sale in October 2024, a 5.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 37 | 39 | +5.4% |
| 4 Bedrooms | 26 | 25 | -3.8% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Polk County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 5.4%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 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. 66.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Polk County in October 2024, up by 9.1% month-over-month. Of the 12 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 100 Days | 65 Days | -34.6% |
Summary: Homes in Polk County had an average of 65 days on market in Oct 2024, down by 34.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 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 October 2024, 12 homes were sold in Polk County; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
