Is Tipp City, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$350,269
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Tipp City have sold for 11.2% more than they did a year ago.
Summary: The median home sold price in Tipp City was $350,269 in April 2024, up 11.2% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $85K | N/A |
| 2 Bedrooms | $143K | $199.5K | +39.5% |
| 3 Bedrooms | $250K | $305K | +22.0% |
| 4 Bedrooms | $381.4K | $384.9K | +0.9% |
| 5+ Bedrooms | $413K | $487.2K | +18.0% |
Summary: Tipp City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 39.5%, 3 bedroom homes increased by 22%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 18%.
Median Sold Price Compared To Nearby Cities
| Tipp City | $315K | $350.2K | +11.2% |
| Monroe Township | $300K | $299.6K | -0.1% |
| Bethel Township | $289K | $248K | -14.2% |
Housing Supply in Tipp City, OH
How many homes are available in Tipp City, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 83 | 84 | +1.2% |
Summary: The Tipp City real estate market had 84 homes for sale in April 2024, a 1.2% 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 | 5 | 6 | +20.0% |
| 3 Bedrooms | 45 | 44 | -2.2% |
| 4 Bedrooms | 26 | 28 | +7.7% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Tipp City 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 20%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 26 | 20 | -23.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tipp City, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 20 homes were sold or pending in Tipp City in April 2024, down by 23.1% month-over-month. Of the 20 sold homes, 30% were sold under asking, 40% were sold at asking, and 30% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 94 Days | 59 Days | -37.4% |
Summary: Homes in Tipp City had an average of 59 days on market in Apr 2024, down by 37.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Tipp City has remained consistent over time.
Summary: During April 2024, 20 homes were sold in Tipp City; 30% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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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.