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
Last month, Kokomo was a Buyer's Market.
Housing Prices in Kokomo, IN
How much do homes in Kokomo, IN cost?
Median Sold Price
$181,550
$123/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Kokomo was $181,550 in April 2024, down 36.3% from last month, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $99.9K | $144.5K | +44.6% |
3 Bedrooms | $213.5K | $171.2K | -19.8% |
4 Bedrooms | $435K | $250K | -42.5% |
5+ Bedrooms | $285K | $285K | 0.0% |
Summary: Kokomo housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 44.6%, 3 bedroom homes decreased by 19.8%, 4 bedroom homes decreased by 42.5%, and 5+ bedroom homes did not change.
Housing Supply in Kokomo, IN
How many homes are available in Kokomo, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
90 | 176 | +95.6% |
Summary: The Kokomo real estate market had 176 homes for sale in April 2024, a 95.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 13 | 27 | +107.7% |
3 Bedrooms | 45 | 91 | +102.2% |
4 Bedrooms | 25 | 50 | +100.0% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Kokomo housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 107.7%, 3 bedroom homes increased by 102.2%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 52 | +642.9% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Summary: A total of 52 homes were sold or pending in Kokomo in April 2024, up by 642.9% month-over-month. Of the 52 sold homes, 37% were sold under asking, 17% were sold at asking, and 46% 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
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 Days | -3 Days | -113.3% |
Summary: Homes in Kokomo had an average of -3 days on market in Apr 2024, down by 113.3% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 52 homes were sold in Kokomo; 10% 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.