Is Polk, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Polk is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Polk has remained a Seller's Market.

Key Takeaway

Polk is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Polk, WI

How much do homes in Polk, WI cost?

Median Sold Price

$505,000

$210/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$17,000(-3.3%)

Key Takeaway

Homes in Polk have sold for 3.3% less than they did a year ago.

Summary: The median home sold price in Polk was $505,000 in November 2024, down 3.3% from last year, and the median price per square foot was $210.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 -$408.5K
N/A
3 $400K$554.1K
+38.5%
4 $695.7K$500K
-28.1%
5+ $705K$841.3K
+19.3%

Summary: Polk housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 38.5%, 4 bedroom homes decreased by 28.1%, and 5+ bedroom homes increased by 19.3%.

Median Sold Price Compared To Nearby Cities

Jackson
+21.5%
Slinger
+4.1%
Richfield
+1.9%
Addison
-1.0%
Polk
-3.3%

Housing Supply in Polk, WI

How many homes are available in Polk, WI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1112+9.1%

Summary: The Polk real estate market had 12 homes for sale in November 2024, a 9.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 56
+20.0%
4 55
0.0%
5+ 11
0.0%

Summary: The Polk 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 remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Polk, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Polk in November 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Polk, WI

We’re sorry, we don't have information for this market at the moment

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

Report Updated 17 Days Ago

Newest Listings in Polk, WI

Nearby Markets to Polk, WI

What housing markets are near Polk, WI?