Is Kokomo, IN a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Kokomo is a seller's market


Difference Since Last Month

Since last month, Kokomo has remained a Seller's Market.

Key Takeaway

Kokomo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Kokomo, IN

How much do homes in Kokomo, IN cost?

Median Sold Price



Based on all homes sold in November 2023.

Difference Since Last Month


Key Takeaway

Homes in Kokomo have sold for 7.6% less than they did a month ago.

Summary: The median home sold price in Kokomo was $170,000 in November 2023, down 7.6% from last month, and the median price per square foot was $110.

Median Sold Price By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 --
2 $67K$123.7K
3 $200K$170K
4 $201K$265K
5+ $360.9K$233K

Summary: Kokomo housing prices by bedroom type for November 2023 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 84.7%, 3 bedroom homes decreased by 15%, 4 bedroom homes increased by 31.8%, and 5+ bedroom homes decreased by 35.4%.

Median Sold Price Compared To Nearby Cities

Center Township
Taylor Township
Clay Township

Housing Supply in Kokomo, IN

How many homes are available in Kokomo, IN?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE

Summary: The Kokomo real estate market had 282 homes for sale in November 2023, a 18.5% increase compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 11
2 5054
3 109138
4 6273
5+ 1616

Summary: The Kokomo housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 26.6%, 4 bedroom homes increased by 17.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2023Nov 2023CHANGE

Asking Price vs. Sold Price

37 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

20 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kokomo, you may be able to get a good deal. 48.7% of homes here sold below asking price last month.

Summary: A total of 78 homes were sold or pending in Kokomo in November 2023, up by 56.0% month-over-month. Of the 76 sold homes, 49% were sold under asking, 25% were sold at asking, and 26% were sold over asking.

Days on Market for Kokomo, IN

How long does it take to sell a home in Kokomo, IN?

Average Sale Time

Oct 2023Nov 2023CHANGE
21 Days30 Days+44.9%

Summary: Homes in Kokomo had an average of 30 days on market in Nov 2023, up by 44.9% compared to last month.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Kokomo are selling fast, if you're buying plan to act quickly.

Summary: During November 2023, 78 homes were sold in Kokomo; 6% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 9 Days Ago

Newest Listings in Kokomo, IN

Nearby Markets to Kokomo, IN

What housing markets are near Kokomo, IN?