$4,986 Closing Credit*
$419,880
995 SqFt
2 Beds
•1 Full Bath
Leslie James, Kyle Ries, Listing Office: Premiere Property Group, LLC
Is Polk County, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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, OR
How much do homes in Polk County, OR cost?
Median Sold Price
$445,000
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$14,962(-3.3%)
Key Takeaway
Homes in Polk County have sold for 3.3% less than they did a year ago.
Summary: The median home sold price in Polk County was $445,000 in November 2024, down 3.3% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $377.5K | $579K | +53.4% |
| 2 Bedrooms | $348.9K | $361K | +3.5% |
| 3 Bedrooms | $444K | $431.5K | -2.8% |
| 4 Bedrooms | $543K | $537K | -1.1% |
| 5+ Bedrooms | $635K | $649.5K | +2.3% |
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 53.4%, 2 bedroom homes increased by 3.5%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 2.3%.
Median Sold Price Compared To Nearby Counties
| Lincoln County | $480K | $512K | +6.7% |
| Marion County | $439.1K | $441.9K | +0.6% |
| Yamhill County | $483.5K | $485.1K | 0.3% |
| Polk County | $459.9K | $445K | -3.3% |
Housing Supply in Polk County, OR
How many homes are available in Polk County, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 166 | 143 | -13.9% |
Summary: The Polk County real estate market had 143 homes for sale in November 2024, a 13.9% 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 | 21 | 17 | -19.0% |
| 3 Bedrooms | 87 | 74 | -14.9% |
| 4 Bedrooms | 47 | 42 | -10.6% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
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 decreased by 19%, 3 bedroom homes decreased by 14.9%, 4 bedroom homes decreased by 10.6%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 23 | -28.1% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
8 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. 54.5% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Polk County in November 2024, down by 28.1% month-over-month. Of the 22 sold homes, 55% were sold under asking, 36% were sold at asking, and 9% were sold over asking.
Days on Market for Polk County, OR
How long does it take to sell a home in Polk County, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 70 Days | 57 Days | -17.8% |
Summary: Homes in Polk County had an average of 57 days on market in Nov 2024, down by 17.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
6 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 November 2024, 23 homes were sold in Polk County; 39% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
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