Is Polk County, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Polk County is a buyer's market

Buyer's
Market

Difference Since September 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, MO

How much do homes in Polk County, MO cost?

Median Sold Price

$245,375

$158/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$30,375(+14.1%)

Key Takeaway

Homes in Polk County have sold for 14.1% more than they did a year ago.

Summary: The median home sold price in Polk County was $245,375 in September 2024, up 14.1% from last year, and the median price per square foot was $158.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $100K$190K
+90.0%
2 $145.2K$157K
+8.1%
3 $215K$239.5K
+11.4%
4 $290K$338.5K
+16.7%
5+ $398.7K$375K
-5.9%

Summary: Polk County housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 90%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 5.9%.

Median Sold Price Compared To Nearby Counties

Polk County
+14.1%
Hickory County
+13.4%
Cedar County
+1.4%
Dade County
+0.7%
Dallas County
-0.5%

Housing Supply in Polk County, MO

How many homes are available in Polk County, MO?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
171157-8.2%

Summary: The Polk County real estate market had 157 homes for sale in September 2024, a 8.2% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 77
0.0%
2 3126
-16.1%
3 9181
-11.0%
4 3532
-8.6%
5+ 711
+57.1%

Summary: The Polk County housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.1%, 3 bedroom homes decreased by 11%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes increased by 57.1%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
3321-36.4%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Polk County, you may be able to get a good deal. 73.7% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Polk County in September 2024, down by 36.4% month-over-month. Of the 19 sold homes, 74% were sold under asking, 16% were sold at asking, and 11% were sold over asking.

Days on Market for Polk County, MO

How long does it take to sell a home in Polk County, MO?

Average Sale Time

Sep 2023Sep 2024CHANGE
43 Days40 Days-7.9%

Summary: Homes in Polk County had an average of 40 days on market in Sep 2024, down by 7.9% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Polk County are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 21 homes were sold in Polk County; 48% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.

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

Report Updated 29 Days Ago

Newest Listings in Polk County, MO

Nearby Markets to Polk County, MO

What housing markets are near Polk County, MO?