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Featured local agent — Polk City, IA
Sarah Mitchell
Compass Real Estate · Polk City, IA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Polk City, IA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$360,000median sale price
How is the Polk City, IA housing market right now?
The median home sale price in Polk City, IA is $360,000, down 21.7% year-over-year. Homes sell in an average of 41 days with 38 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Polk City a buyer's or seller's market?
Polk City, IA is currently a balanced market, based on 3.5 months of supply and homes selling in about 41 days. How we determine this →
Homes sold
11
Last 12 weeks
Days on market
41
Average pace
Active listings
38
3.5 months supply
Sale-to-list
98.3%
Below asking
What does the Polk City housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $360,000 |
| Median list price | $400,000 |
| Year-over-year price change | -21.7% |
| Average days on market | 41 days |
| Active inventory | 38 listings |
| Months of supply | 3.5 months |
| Sale-to-list price ratio | 98.3% |
| Median price per sq ft | $234/sq ft |
| Homes sold (latest month) | 11 |
| New listings (latest month) | 13 |
| Listings with a price cut | 50.0% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Polk City by property type?
How the Polk City, IA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $492,000 | $229/sq ft | 9 | 46 days |
| Condo / Co-op | $337,500 | $249/sq ft | 2 | 23 days |
| Townhouse | $225,000 | $144/sq ft | 1 | 7 days |
Source: Redfin · Updated monthly
The Polk City housing market is currently classified as a balanced market with a median sale price of $360,000. Prices have fallen 21.7% compared to last year, with homes spending an average of 41 days on market, indicating 3.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 2.7x provides context for how home values compare to local earning capacity.
Homes for sale in Polk City
There are currently 38 homes listed for sale in Polk City, Iowa. The median listing price is $400K.
Active listings
38
Homes on market
Median list price
$400K
Avg. days on market
41
Days until sale
New this week
13
Newly listed
Who lives in Polk City?
Population
5,833
Median income
$163,000/yr
Median age
37 years
Owner-occupied
90.0%
College grads
47.2%
Avg commute
24.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Polk City?
Zillow home value
$432,131
Price-to-income
2.7x
Source: Zillow Research
What is it like to live in Polk City?
Polk City is a community of approximately 6K residents with a median age of 37 years.The median household income is $163,000, which reflects a relatively affluent area with strong earning potential. 47.2% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 90.0%, reflecting strong community stability and long-term resident commitment. The average commute time is 24.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Polk City offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Polk City?
2 schools tracked · 753 students
The largest public schools serving Polk City, IA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
North Polk West Elementary School
Grades PK-2 · 416 students
Big Creek Elementary
Grades 3-5 · 337 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Polk City, IA?
Want a head-to-head view? Compare Polk City side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Polk City?
The median home sale price in Polk City is $360,000, down 21.7% from last year.
How long do homes stay on market in Polk City?
Homes typically spend 41 days on market before going under contract.
What is the median income in Polk City?
The median household income is $163,000 per year.
Is Polk City a buyer's or seller's market?
With 3.5 months of supply, Polk City is currently a balanced market.
What is the Zillow home value estimate for Polk City?
The Zillow Home Value Index (ZHVI) for Polk City is $432,131, representing the typical home value in the area.
What is the median condo price in Polk City?
The median condo/co-op sale price in Polk City, IA is $337,500, compared to $492,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Polk City?
The median single-family home price in Polk City, IA is $492,000 (about $229 per square foot).
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