Is Polk, PA 16342 a buyer’s or seller’s market?
Polk is a seller’s market. With about 1.3 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Polk housing market right now
In the three months ending August 31, 2026, 0% of homes in Polk, PA 16342 sold above their list price, the typical home went under contract in 44 days and there were 1.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 5 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 100%, homes sold about as fast and the median sale price rose 72% to $152,934. Overall, Polk is less competitive than a year ago, which gives buyers more room.
Within Venango County, homes here sell faster than in 90% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Utica 16362 (100% sold over asking) and Pleasantville 16341 (20% sold over asking) are even more competitive.
Run the numbers for 16342
Nearby markets
Cooperstown 16317Seller’s market $138 /sq ftCranberry 16319 — /sq ftEmlenton 16373Buyer’s market $56 /sq ftFranklin 16323Seller’s market $62 /sq ft Browse all markets →Towns like Polk nearby
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Questions about Polk real estate
Is Polk a buyer’s or seller’s market?
A seller’s market: there were 1.3 months of supply in Polk, PA 16342 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Polk?
The typical home went under contract in 44 days in the latest three months.
Do homes in Polk sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 88.1% of the list price.
What are property taxes in Polk?
About 1.27% of a home’s value a year in Venango County, or roughly $5,080 on a $400,000 home.
What is the median home price in Polk?
The median sale price was $152,934 in the three months ending August 31, 2026, about $123 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology