Polk County Housing Market Report December 2024•Polk County, Iowa

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Housing Prices in Polk County, IA

How much do homes in Polk County, IA cost?

Housing Market Conditions

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

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Polk County is a Seller's Market

Difference Since December 2023

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

Insight

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

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$290,258$207/SqFt
+$13,462
+4.9%

Based on all homes sold in the last 12 months

Insight

Homes in Polk County have sold for 4.9% more than they did a year ago.

Summary: The median home sold price in Polk County was $290,258 in December 2024, up 4.9% from last year, and the median price per square foot was $207.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Jasper County
+6.7%
Warren County
+6.6%
Polk County
+4.9%
Story County
+1.8%
Dallas County
-0.1%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2023Dec 2024Change YoY
1$122.9K$134.5K
+9.4%
2$174.8K$182.9K
+4.6%
3$269.9K$275.1K
+1.9%
4$362.4K$374.7K
+3.4%
5$522K$525.8K
+0.7%

Summary: Polk County housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +9.4%. The home price for 2 bedroom homes increased by +4.6%. The home price for 3 bedroom homes increased by +1.9%. The home price for 4 bedroom homes increased by +3.4%. The home price for 5 bedroom homes increased by +0.7%.

Housing supply in Polk County, IA

How many homes are available in Polk County, IA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
2,851Last MonthDec 2024
3,2532 months agoNov 2024
-12.4 %
Change MoMNov – Dec

Summary: The Polk County real estate market had 2,851 homes for sale in Dec 2024, a 12.4 % decrease compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
530Last MonthDec 2024
6362 months agoNov 2024
-16.7 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
13440
+17.6%
2558470
-15.8%
31,2801,140
-10.9%
4958834
-12.9%
5423367
-13.2%

Summary: Polk County housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes increased by +17.6%. The inventory for 2 bedroom homes decreased by -15.8%. The inventory for 3 bedroom homes decreased by -10.9%. The inventory for 4 bedroom homes decreased by -12.9%. The inventory for 5 bedroom homes decreased by -13.2%.

Asking Price vs. Sold Price

How much do homes in Polk County, IA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price91 Homes

At Asking Price131 Homes

Under Asking Price308 Homes

Insight

If you're buying a home in Polk County, you may be able to get a good deal. 58.1% of homes here sold below asking price last month.

Summary: A total of 530 homes were sold or pending in Polk County in December 2024, down by 16.7% month-over-month. Of the 530 sold homes, 58% were sold under asking, 25% were sold at asking, and and 17% were sold over asking.

Days on Market for Polk County, IA

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

Breakdown of Home Sale Times

Under 30 Days307 Homes

30 – 90 Days132 Homes

Over 90 Days91 Homes

Insight

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

Summary: During December 2024, 530 homes were sold in Polk County; 58% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
46 DaysThis YearDec 2024
44 Days1 year agoDec 2023
+3.6 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Polk County had an average listing age of 46 days in Dec 2024, up by 3.6% compared to the previous year.

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Newest Listings in Polk County, IA

What homes are available in Polk County, IA?

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MLS Disclaimers and Copyright

Based on information from Des Moines MLS, for the period 01/01/2023 - 01/01/2025

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Des Moines Area Association of Realtors. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright© 2025 Des Moines Area Association of Realtors. All Rights Reserved
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 10:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.