Is Kokomo, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Kokomo has remained a Seller's Market.
Housing Prices in Kokomo, IN
How much do homes in Kokomo, IN cost?
Median Sold Price
$170,000
$110/sqft
Based on all homes sold in November 2023.
Difference Since Last Month
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
# BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $67K | $123.7K | +84.7% |
3 Bedrooms | $200K | $170K | -15.0% |
4 Bedrooms | $201K | $265K | +31.8% |
5+ Bedrooms | $360.9K | $233K | -35.4% |
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 | $109.9K | $132.9K | +20.9% |
Taylor Township | $210K | $227.5K | +8.3% |
Kokomo | $183.9K | $170K | -7.6% |
Clay Township | $223K | $195K | -12.6% |
Housing Supply in Kokomo, IN
How many homes are available in Kokomo, IN?
Number of Homes For Sale
Oct 2023 | Nov 2023 | CHANGE |
---|---|---|
238 | 282 | +18.5% |
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
# BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 50 | 54 | +8.0% |
3 Bedrooms | 109 | 138 | +26.6% |
4 Bedrooms | 62 | 73 | +17.7% |
5+ Bedrooms | 16 | 16 | 0.0% |
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 2023 | Nov 2023 | CHANGE |
---|---|---|
50 | 78 | +56.0% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
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 2023 | Nov 2023 | CHANGE |
---|---|---|
21 Days | 30 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
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.