Is Tipton County, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tipton County is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Tipton County has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Tipton County, IN

How much do homes in Tipton County, IN cost?

Median Sold Price

$200,000

$112/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$25,000(+14.3%)

Key Takeaway

Homes in Tipton County have sold for 14.3% more than they did a year ago.

Summary: The median home sold price in Tipton County was $200,000 in May 2024, up 14.3% from last year, and the median price per square foot was $112.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $140K$164.9K
+17.8%
2 $108K$140.9K
+30.5%
3 $184.7K$200K
+8.3%
4 $228K$262K
+14.9%
5+ $180K$200K
+11.1%

Summary: Tipton County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.8%, 2 bedroom homes increased by 30.5%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes increased by 11.1%.

Median Sold Price Compared To Nearby Counties

Tipton County
+14.3%
Madison County
+8.0%
Hamilton County
+4.4%

Housing Supply in Tipton County, IN

How many homes are available in Tipton County, IN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3242+31.3%

Summary: The Tipton County real estate market had 42 homes for sale in May 2024, a 31.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 12
+100.0%
2 38
+166.7%
3 1522
+46.7%
4 129
-25.0%
5+ 11
0.0%

Summary: The Tipton County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 166.7%, 3 bedroom homes increased by 46.7%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
915+66.7%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tipton County, expect to pay close to the asking price. 46.7% of homes here sold near the asking price last month.

Summary: A total of 15 homes were sold or pending in Tipton County in May 2024, up by 66.7% month-over-month. Of the 15 sold homes, 40% were sold under asking, 47% were sold at asking, and 13% were sold over asking.

Days on Market for Tipton County, IN

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

Average Sale Time

May 2023May 2024CHANGE
10 Days31 Days+201.1%

Summary: Homes in Tipton County had an average of 31 days on market in May 2024, up by 201.1% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 15 homes were sold in Tipton County; 47% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 13% 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 12 Days Ago

Newest Listings in Tipton County, IN

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