Is Tipp City, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Tipp City has remained a Seller's Market.
Key Takeaway
Tipp City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tipp City, OH
How much do homes in Tipp City, OH cost?
Median Sold Price
$350,459
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Tipp City have sold for 17.4% more than they did a year ago.
Summary: The median home sold price in Tipp City was $350,459 in March 2024, up 17.4% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $85K | N/A |
| 2 Bedrooms | $143K | $187K | +30.8% |
| 3 Bedrooms | $245K | $303.7K | +24.0% |
| 4 Bedrooms | $371.5K | $384.4K | +3.5% |
| 5+ Bedrooms | $408.2K | $487.2K | +19.4% |
Summary: Tipp City housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 30.8%, 3 bedroom homes increased by 24%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 19.4%.
Median Sold Price Compared To Nearby Cities
| Staunton Township | $287.4K | $380K | +32.2% |
| Tipp City | $298.4K | $350.4K | +17.4% |
| Monroe Township | $305K | $302.4K | -0.8% |
| Bethel Township | $289K | $262.2K | -9.3% |
Housing Supply in Tipp City, OH
How many homes are available in Tipp City, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 80 | 75 | -6.3% |
Summary: The Tipp City real estate market had 75 homes for sale in March 2024, a 6.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 3 | -57.1% |
| 3 Bedrooms | 41 | 40 | -2.4% |
| 4 Bedrooms | 23 | 24 | +4.3% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Tipp City housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 57.1%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 28 | 23 | -17.9% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tipp City, you may be able to get a good deal. 56.5% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Tipp City in March 2024, down by 17.9% month-over-month. Of the 23 sold homes, 57% were sold under asking, 30% were sold at asking, and 13% were sold over asking.
Days on Market for Tipp City, OH
How long does it take to sell a home in Tipp City, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 66 Days | 60 Days | -8.8% |
Summary: Homes in Tipp City had an average of 60 days on market in Mar 2024, down by 8.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Tipp City has remained consistent over time.
Summary: During March 2024, 23 homes were sold in Tipp City; 13% of homes were sold within 30 days, 70% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are marked with the BR logo and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2024 DABR MLS. All Rights Reserved
The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.