Is Tippecanoe County, 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, Tippecanoe County has remained a Seller's Market.
Housing Prices in Tippecanoe County, IN
How much do homes in Tippecanoe County, IN cost?
Median Sold Price
$303,000
$171/sqft
Based on all homes sold in June 2024.
Difference Since Last Month
Summary: The median home sold price in Tippecanoe County was $303,000 in June 2024, up 0.7% from last month, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $171K | N/A |
3 Bedrooms | $278.7K | $280K | 0.4% |
4 Bedrooms | $404K | $435K | +7.7% |
5+ Bedrooms | $447K | $627K | +40.3% |
Summary: Tippecanoe County housing prices by bedroom type for June 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 40.3%.
Housing Supply in Tippecanoe County, IN
How many homes are available in Tippecanoe County, IN?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
128 | 191 | +49.2% |
Summary: The Tippecanoe County real estate market had 191 homes for sale in June 2024, a 49.2% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 11 | 15 | +36.4% |
3 Bedrooms | 67 | 104 | +55.2% |
4 Bedrooms | 36 | 54 | +50.0% |
5+ Bedrooms | 14 | 18 | +28.6% |
Summary: The Tippecanoe County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 36.4%, 3 bedroom homes increased by 55.2%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
22 | 61 | +177.3% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Summary: A total of 61 homes were sold or pending in Tippecanoe County in June 2024, up by 177.3% month-over-month. Of the 61 sold homes, 36% were sold under asking, 16% were sold at asking, and 48% were sold over asking.
Days on Market for Tippecanoe County, IN
How long does it take to sell a home in Tippecanoe County, IN?
Average Sale Time
May 2024 | Jun 2024 | CHANGE |
---|---|---|
39 Days | 16 Days | -58.4% |
Summary: Homes in Tippecanoe County had an average of 16 days on market in Jun 2024, down by 58.4% compared to last month.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 61 homes were sold in Tippecanoe County; 11% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.