Polk, WI Real Estate

Nestled in Washington County, the Town of Polk is home to nearly 4,000 residents. It also houses rippling, crystal clear creeks and lakes. It has expansive hardwood forests, rolling landscapes and kettled land formations carved out by glaciers during the Ice Age. The Town’s magnificent natural features beautifully offset its modern developments.

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Polk has an ideal location for business and trade, providing easy access to State Highway 60, US Highway 45 and US Highway 41. Although the Town has a large farming community, its industrial developments have been steadfast. Its primary industries are manufacturing, construction and retail.

The Town of Polk has much to do for recreation. Its many woodland areas provide a great venue for hiking, hunting, boating, fishing, golfing, skiing and snowmobiling. Also, the world-renowned Ice Age Trail passes through the Town and provides wonderful scenery for locals and visitors to enjoy. The thousand-mile footpath highlights the remnants of the continental glaciations that occurred in the area over 12,0000 years ago.
One of the main yearly attractions is the Washington County Fair, which features fireworks, a rodeo and much more.

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The Town of Polk’s original boundaries were established in 1830. It was named after President James K. Polk who was then in office. The Town was officially incorporated in 1846.

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Polk properties for sale

Market Conditions
Market Conditions for Polk - August 2019 | Shorewest Realtors®
August 2019

Market Conditions for Polk

Median Sale Price Graph

Median Sale Price

The median sale price for homes in August was $350,000. The median sales price for homes in August fell by ($32,500) compared to last month. This represents a 8.49% decrease from July. Compared to the same month last year, the median price of homes fell by ($64,950) representing a -15.65% year-over-year change.

Homes for Sale Graph

Homes for Sale

The inventory of homes for sale remained level in August to 15. Compared to the same month last year when there were 15 homes for sale, the inventory of homes for sale has did not change 0 representing a 0% year-over-year change.

Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.

Homes Sold Graph

Homes Sold

The 5 homes sold in August was 1 less than in July. This represents a 16.66% decrease in sales from July. Compared to the same month last year, the number of homes sold decreased by 1, a -16.66% year-over-year decrease.

Homes sold is the total count of properties in the market area that have had a closed sale during the specified month as reported in the MLS systems operating within the market area.

Average Days on Market Graph

Avg Days on Market

The average days on market for a home sold in August (22) decreased by 66 days compared to July. This represents a 75% decrease in days on market for homes in the market from the previous month. Compared to the same month last year, the days on market for homes sold decreased by 11, a -33.33% year-over-year change.

Average Days on Market is the time period between the date when a home is listed for sale in an MLS system and the date it is sold.

Sale/List Price Ratio

Sale/List Price Ratio

The Sale/List Price Ratio of 100.3% in August rose by 6.52% compared to July and increased 3.65% compared to the same period last year.

Sale/List Price Ratio is the sale price of a listing divided by the original list price expressed as a percentage. The Sale/List Price Ratio for the market is determined by adding the Sale/List Price Ratio for each listing sold in the market during the month and dividing by the number of listings sold during the month.

New Homes Graph

New Homes

The number of homes listed in August (5) fell by 1 compared to July, a 16.66% change. Compared to August 2018, the number of new listings remained level

Newly Listed Homes are the total count of homes that have been listed within the market area during the most recent month, as reported in the MLS system(s) operating in the market area.

Median List Price Graph

Median List Price

The median list price in August was $458,500. The median list price for homes in August rose by $56,050 compared to last month. This represents a 13.92% increase from July. Compared to the same month last year, the median list price of homes increased $128,600 representing a 38.98% year-over-year increase.

Rates and fees are subject to adjustments based on your credit score and the loan-to-value ratio. Rates and fees are also subject to change without notice. Other rates and loan programs are available.
All applications are subject to current underwriting guidelines and credit approval. EHL NMLS#280412

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