Polk County, OR Home Values & Market Trends

The median home price in Polk County, OR is $457,179.51. There were 1,192 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 178, and the percentage of properties for sale is 178.00%. The county has 16 foreclosures, 2 bank owned properties, 14 headed for auction, and 178 properties for sale.

Polk County, OR Real Estate Market Overview

CityMedian Est. ValueCityMedian Est. Value
Salem

$ 451,787

$ 261/sqft

Grand Ronde

$ 275,000

$ 217/sqft

Dallas

$ 533,875

$ 282/sqft

Falls City

$ 332,719

$ 239/sqft

Independence

$ 401,583

$ 304/sqft

Rickreall

$ 731,243

$ 382/sqft

Monmouth

$ 540,664

$ 293/sqft

Housing Market Summary for Polk County, OR

Mar 2023February 2024Change
Median Listing Price$489.3K$441.5K-9.77%
Median Sold Price$445.5K$441.5K-0.89%
Homes For Sale187180-3.74%
Homes Sold7127789.27%
Price
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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%.

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Browse Homes in Polk County, OR

Polk County, OR home values range from $20,320 to $10,000,000. Rickreall is the priciest city with a median listing home price of $1,690,000, and Falls City is most affordable with average house prices of around $375,000.

Foreclosure
There are 7 cities within Polk County, OR; within these cities, the median estimated home value for homes in foreclosure ranges from $1,148,990 in Falls City to the lowest value of $189,000 in Falls City. Foreclosure homes account for 0.00% of properties in Polk County, OR with Salem containing 35 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-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 Owned
    The median estimated home value of bank owned homes (REO properties) in Polk County, OR ranges from the highest value of $424,900 in Grand Ronde to the lowest value of $260,491 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 4 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    Salem has 31 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 $1,335,051 in Independence to the lowest value of $189,000 in Independence.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.70% of residential properties in Polk County, OR with Salem containing 407 homes for sale, the highest number of listed properties in a single city. There are 7 cities within Polk County, OR; homes for sale in those cities, have a range of median values from $731,243 in Rickreall to the lowest value of $93,707 in Salem.
    Sold Homes
    The median value for recently sold homes ranges from $1,050,525 in Rickreall to the lowest price of $24,298 in Rickreall. There are 7 cities within Polk County, OR. Salem has 1611 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.90% of properties in Polk County, OR.

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      Guide for Polk County, OR

      Home Buying Guides & Tips
      Oregon Foreclosure Laws
      Buy to Rent
      How To Choose The Right Property Management Tool
      Buy to Rent
      6 Tips For Dealing With Difficult Tenants
      Market Reports
      Madison Wisconsin Real Estate Market Report – Mar 2024
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      Oregon Foreclosure Laws
      Home Buying Guides & Tips|posted 6 June 2013

      Oregon Foreclosure Laws

      How To Choose The Right Property Management Tool
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      Learn how to select the perfect property management tool for your real estate business.

      6 Tips For Dealing With Difficult Tenants
      Buy to Rent|posted 5 March 2024

      Discover 6 practical tips to effectively handle challenging tenants and maintain a harmonious landlord-tenant relationship.

      Madison Wisconsin Real Estate Market Report – Mar 2024
      Market Reports|posted 4 March 2024

      Madison’s real estate market continues to robustness, with varied trends across different market segments.

      Recently Listed Homes Polk County, OR

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