Polk County, OR Home Values & Market Trends
The median home price in Polk County, OR is $450,970.19. There were 1,204 home sales in Polk County, OR over the past 12 months. The median residential Polk County, OR home value for transactions over the previous year is $425,000. The number of current listings in Polk County, OR is 253, and the percentage of properties for sale is 253.00%. The county has 17 foreclosures, 2 bank owned properties, 15 headed for auction, and 253 properties for sale.
Polk County, OR Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Salem | $ 450,000 $ 252/sqft | Falls City | $ 405,475 $ 232/sqft |
| Dallas | $ 509,068 $ 284/sqft | Grand Ronde | $ 254,065 $ 227/sqft |
| Independence | $ 419,383 $ 269/sqft | Rickreall | $ 734,163 $ 383/sqft |
| Monmouth | $ 491,788 $ 267/sqft |
Housing Market Summary for Polk County, OR
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $499.9K | $435.8K | -12.82% |
| Median Sold Price | $449.7K | $435.8K | -3.08% |
| Homes For Sale | 218 | 207 | -5.05% |
| Homes Sold | 675 | 715 | 5.93% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Polk County, OR
Browse Homes in Polk County, OR
Polk County, OR home values range from $18,474 to $8,270,216. Rickreall is the priciest city with a median listing home price of $1,590,000, and Grand Ronde is most affordable with average house prices of around $348,000.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Polk County, OR with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 7 cities within Polk County, OR; of those cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Polk County, OR ranges from the highest value of $885,711 in Salem to the lowest value of $247,847 in Salem. Bank owned homes and properties account for 0.01% of properties in Polk County, OR. There are 7 cities within Polk County, OR; Salem containing 3 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsSalem has 38 auction properties, the highest number of properties going to auction in a single city in the state of Polk County, OR. Auction homes and other auction properties account for 0.06% of all properties in Polk County, OR. There are 7 cities within Polk County, OR; of those cities, the median estimated home value for homes going to auction ranges from $1,432,361 in Independence to the lowest value of $197,256 in Independence.
Compare Nearby Cities
More Real Estate Resources for Polk County, OR
Guide for Polk County, OR
Des Moines’ real estate market experiences robust upward momentum, with property values increasing despite occasional fluctuations.
Are you considering purchasing a foreclosure for your first home? Let’s look potential pitfalls, and essential tips to make an informed decision.
Learn how a short sale can stop the foreclosure process.