Is Tipton County, TN 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 March 2023

At the same time last year, Tipton County was a Buyer'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, TN

How much do homes in Tipton County, TN cost?

Median Sold Price

$290,000

$63/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$40,100(+16.0%)

Key Takeaway

Homes in Tipton County have sold for 16% more than they did a year ago.

Summary: The median home sold price in Tipton County was $290,000 in March 2024, up 16% from last year, and the median price per square foot was $63.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$92.5K
N/A
2 $65K$140K
+115.4%
3 $238.4K$255K
+6.9%
4 $328.5K$369K
+12.3%
5+ $352.5K$426.1K
+20.9%

Summary: Tipton County 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 115.4%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 20.9%.

Housing Supply in Tipton County, TN

How many homes are available in Tipton County, TN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
191212+11.0%

Summary: The Tipton County real estate market had 212 homes for sale in March 2024, a 11.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 1315
+15.4%
3 83100
+20.5%
4 7884
+7.7%
5+ 1612
-25.0%

Summary: The Tipton County 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 increased by 15.4%, 3 bedroom homes increased by 20.5%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
3836-5.3%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tipton County, you could pay more than the asking price. 36.1% of homes here sold above asking price last month.

Summary: A total of 36 homes were sold or pending in Tipton County in March 2024, down by 5.3% month-over-month. Of the 36 sold homes, 31% were sold under asking, 33% were sold at asking, and 36% were sold over asking.

Days on Market for Tipton County, TN

We’re sorry, we don't have information for this market at the moment

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

Report Updated 25 Days Ago

Newest Listings in Tipton County, TN

Nearby Markets to Tipton County, TN

What housing markets are near Tipton County, TN?