Is Tiffin, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Tiffin was a Seller's Market.
Key Takeaway
Tiffin is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Tiffin, IA
How much do homes in Tiffin, IA cost?
Median Sold Price
$347,090
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Tiffin have sold for 6.4% less than they did a year ago.
Summary: The median home sold price in Tiffin was $347,090 in April 2024, down 6.4% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $172.9K | $138K | -20.2% |
| 3 Bedrooms | $260K | $304.9K | +17.3% |
| 4 Bedrooms | $404.9K | $357.4K | -11.7% |
| 5+ Bedrooms | $497.4K | $502K | +0.9% |
Summary: Tiffin housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 20.2%, 3 bedroom homes increased by 17.3%, 4 bedroom homes decreased by 11.7%, and 5+ bedroom homes increased by 0.9%.
Median Sold Price Compared To Nearby Cities
| Coralville | $285K | $338.9K | +18.9% |
| North Liberty | $281K | $297.5K | +5.9% |
| Clear Creek Township | $342.4K | $354.9K | +3.6% |
| Tiffin | $370.9K | $347K | -6.4% |
Housing Supply in Tiffin, IA
How many homes are available in Tiffin, IA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 59 | 54 | -8.5% |
Summary: The Tiffin real estate market had 54 homes for sale in April 2024, a 8.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 25 | 21 | -16.0% |
| 4 Bedrooms | 23 | 19 | -17.4% |
| 5+ Bedrooms | 11 | 14 | +27.3% |
Summary: The Tiffin housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16%, 4 bedroom homes decreased by 17.4%, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tiffin, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Tiffin in April 2024, down by 28.6% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Tiffin, IA
How long does it take to sell a home in Tiffin, IA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 75 Days | 156 Days | +106.4% |
Summary: Homes in Tiffin had an average of 156 days on market in Apr 2024, up by 106.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Tiffin are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 5 homes were sold in Tiffin; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
Provided Courtesy Of Cedar Rapids Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Is Believed To Be Accurate But Not Guaranteed.