Polk County, Florida’s real estate landscape experienced a slight change in April as its median home listing price showed slight decrease compared to both March’s $349,950 and April 2023’s $349,500, according to data analyzed from Realtor.com. Realtor.com revealed that in April the median listing price dropped 0.3% year-on-year – being listed for just over $349k instead.

Though these statistics provide an interesting snapshot of the housing market in each region of the country, it should be remembered that they only reflect prices listed for sale; they don’t account for properties which were successfully sold. To gain a fuller insight into local housing markets and community information, residents and interested parties can visit data.theledger.com.

Polk County home listings in April boasted an expansive 1,809 square feet, with a median price per square foot of $200 – representing an increase of 1.5% year over year, which may reflect changes to market dynamics.

One aspect that stood out in the county’s housing market was the speed at which listings moved. In April, homes spent a median of 60 days listed compared to 47 for national median. However, this marked an incremental improvement from March when homes spent 59 days listed.

Even as sales remain stagnant, the county saw an upswing in new listings in April 2023 compared to April 2023, as 1,632 homes were added to the market – an increase of 6.5% over 1,532 new listings in April 2023. This surge could potentially influence market dynamics moving forward.

Note that Realtor.com reports may miss an insignificant portion of homes within any market; their data includes single-family, condominium and townhome properties but excludes most new construction, pending sales and contingent sales transactions.

At the state level, Florida’s median home price in April was $450,000 – a slight decrease from March. The median Florida home listed for sale measured 1,640 square feet with a price tag of $277 per square foot.

Nationwide, the median home price stood at $429,950 in February – an increase from last month’s $429,000. American homes for sale averaged 1,840 square feet at a price per square foot of $230.

Note that the median home list price used in this report reflects the midpoint between all houses or units listed over a specific period. According to experts, median provides more accurate representation of market trends than average list prices that can be affected by outliers at either extreme of price range.