Is Polk City, IA 50226 a buyer’s or seller’s market?

The Polk City housing market right now

In the three months ending August 31, 2026, 31% of homes in Polk City, IA 50226 sold above their list price, the typical home went under contract in 30 days and there were 1.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 66 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 10%, homes sold faster (34 days then) and the median sale price rose 4% to $448,806. Overall, Polk City is more competitive than a year ago, so tougher for buyers.

Within Polk County, homes here sell faster than in 53% of the county’s ZIP codes, and sell more often over asking than in 93%. On our competition score, Polk City ranks #27 of 156 IA ZIP codes with enough sales (score 69 out of 100).

Nearby, buyers who want less competition could look at Sheldahl 50243 (0% sold over asking) or Alleman 50007 (0% sold over asking), while Elkhart 50073 (40% sold over asking) and Runnells 50237 (40% sold over asking) are even more competitive.