$150,000
1.47 Acres
Land
Zachary Davies, Listing Office: The Cox Company, Real Estate Group
Is Polk County, TX 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 Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Polk County, TX
How much do homes in Polk County, TX cost?
Median Sold Price
$242,650
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,650(+5.5%)
Key Takeaway
Homes in Polk County have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in Polk County was $242,650 in October 2024, up 5.5% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $90K | $138K | +53.3% |
| 2 Bedrooms | $165K | $160K | -3.0% |
| 3 Bedrooms | $266K | $280K | +5.3% |
| 4 Bedrooms | $385K | $380K | -1.3% |
| 5+ Bedrooms | $410K | $472.2K | +15.2% |
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 53.3%, 2 bedroom homes decreased by 3%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 15.2%.
Median Sold Price Compared To Nearby Counties
| Tyler County | $185K | $215.2K | +16.4% |
| Trinity County | $197.2K | $219.5K | +11.3% |
| Polk County | $230K | $242.6K | +5.5% |
| San Jacinto County | $259.5K | $252.5K | -2.7% |
Housing Supply in Polk County, TX
How many homes are available in Polk County, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 376 | 413 | +9.8% |
Summary: The Polk County real estate market had 413 homes for sale in October 2024, a 9.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 18 | 21 | +16.7% |
| 2 Bedrooms | 76 | 87 | +14.5% |
| 3 Bedrooms | 197 | 216 | +9.6% |
| 4 Bedrooms | 65 | 67 | +3.1% |
| 5+ Bedrooms | 20 | 22 | +10.0% |
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 16.7%, 2 bedroom homes increased by 14.5%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 | 38 | -7.3% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
6 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. 78.9% of homes here sold below asking price last month.
Summary: A total of 38 homes were sold or pending in Polk County in October 2024, down by 7.3% month-over-month. Of the 38 sold homes, 79% were sold under asking, 16% were sold at asking, and 5% were sold over asking.
Days on Market for Polk County, TX
How long does it take to sell a home in Polk County, TX?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 51 Days | 88 Days | +73.4% |
Summary: Homes in Polk County had an average of 88 days on market in Oct 2024, up by 73.4% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Polk County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 38 homes were sold in Polk County; 34% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 37% of homes were sold over 90 days.
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