Is Tipton, 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, Tipton was a Buyer's Market.
Housing Prices in Tipton, IA
How much do homes in Tipton, IA cost?
Median Sold Price
$190,000
$109/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Tipton was $190,000 in April 2024, up 17.6% from last year, and the median price per square foot was $109.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $125K | - | N/A |
2 Bedrooms | $148.5K | $136.2K | -8.2% |
3 Bedrooms | $145.5K | $185K | +27.1% |
4 Bedrooms | $220.5K | $232K | +5.2% |
5+ Bedrooms | $459K | $385K | -16.1% |
Summary: Tipton 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 8.2%, 3 bedroom homes increased by 27.1%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes decreased by 16.1%.
Median Sold Price Compared To Nearby Cities
Tipton | $161.5K | $190K | +17.6% |
Center Township | $200.9K | $185K | -8.0% |
Housing Supply in Tipton, IA
How many homes are available in Tipton, IA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 24 | +9.1% |
Summary: The Tipton real estate market had 24 homes for sale in April 2024, a 9.1% increase 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 | 7 | 10 | +42.9% |
4 Bedrooms | 14 | 12 | -14.3% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Tipton 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 increased by 42.9%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 10 | +400.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Tipton in April 2024, up by 400.0% month-over-month. Of the 10 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Tipton, IA
How long does it take to sell a home in Tipton, IA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 70 Days | +233.3% |
Summary: Homes in Tipton had an average of 70 days on market in Apr 2024, up by 233.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Tipton; 40% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.