$5,094 Closing Credit*
$429,000
1,451 SqFt
3 Beds
•2 Full Baths
Listing Office: RE/MAX Real Estate
Is Polk Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Polk Township has remained a Seller's Market.
Key Takeaway
Polk Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Polk Township, PA
How much do homes in Polk Township, PA cost?
Median Sold Price
$302,000
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$8,000(-2.6%)
Key Takeaway
Homes in Polk Township have sold for 2.6% less than they did a year ago.
Summary: The median home sold price in Polk Township was $302,000 in October 2024, down 2.6% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $195.5K | $153.7K | -21.4% |
| 3 Bedrooms | $260.7K | $287K | +10.1% |
| 4 Bedrooms | $379K | $400K | +5.5% |
| 5+ Bedrooms | $359.9K | $385K | +7.0% |
Summary: Polk Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 21.4%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 7%.
Median Sold Price Compared To Nearby Cities
| Effort | $325K | $329K | +1.2% |
| Polk Township | $310K | $302K | -2.6% |
| Kunkletown | $294.9K | $287K | -2.7% |
Housing Supply in Polk Township, PA
How many homes are available in Polk Township, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 21 | -4.5% |
Summary: The Polk Township real estate market had 21 homes for sale in October 2024, a 4.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Polk Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Polk Township, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Polk Township in October 2024, up by 100.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for Polk Township, PA
How long does it take to sell a home in Polk Township, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 19 Days | -44.5% |
Summary: Homes in Polk Township had an average of 19 days on market in Oct 2024, down by 44.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Polk Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Polk Township; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
