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Sunday, December 22, 2024

What happened to the median home price in Polk City during May?

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The median sale price of a home sold in May in Polk City rose by $46,500 while total sales increased by 23.1 percent, according to BlockShopper.com.

In May, there were 16 homes sold, with a median sale price of $385,000 - a 13.7 percent increase over the $338,500 median sale price for the same period of the previous year. There were 13 homes sold in Polk City in May 2021.

The median sales tax in Polk City for the most recent year with available data, 2017, was $3,800, approximately one percent of the median home sale price for May.

The following table compares Polk City to other Polk County cities with similar median sale prices in May:

CityMay 2022 Home SalesMay 2021 Home Sales% change (Total Home Sales)May 2022 Median Sales PriceMay 2021 Median Sales Price% change (Median Sales Price)
Alleman10-$434,000$0-
Granger330$392,060$295,00032.9
Polk City161323.1$385,000$338,50013.7
Saylorville6450$339,950$260,00030.8
Grimes3132-3.1$321,500$273,30017.6
Clive1520-25$313,900$285,05010.1
Ankeny154173-11$295,000$255,00015.7
Johnston3258-44.8$291,750$260,00012.2
Runnells45-20$279,950$249,00012.4
Bondurant161145.5$277,500$275,0000.9
Pleasant Hill281855.6$274,500$250,0009.8

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