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 April 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

$292,799

$63/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$32,799(+12.6%)

Key Takeaway

Homes in Tipton County have sold for 12.6% more than they did a year ago.

Summary: The median home sold price in Tipton County was $292,799 in April 2024, up 12.6% from last year, and the median price per square foot was $63.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$92.5K
N/A
2 $70K$137K
+95.7%
3 $239.9K$257.5K
+7.3%
4 $335K$369K
+10.1%
5+ $380K$426.1K
+12.2%

Summary: Tipton County 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 95.7%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 12.2%.

Median Sold Price Compared To Nearby Counties

Tipton County
+12.6%
Fayette County
-8.4%
Lauderdale County
-12.0%

Housing Supply in Tipton County, TN

How many homes are available in Tipton County, TN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
206228+10.7%

Summary: The Tipton County real estate market had 228 homes for sale in April 2024, a 10.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 1313
0.0%
3 99108
+9.1%
4 8088
+10.0%
5+ 1318
+38.5%

Summary: The Tipton County 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 remained the same, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 38.5%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
3647+30.6%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

18 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tipton County, you may be able to get a good deal. 38.3% of homes here sold below asking price last month.

Summary: A total of 47 homes were sold or pending in Tipton County in April 2024, up by 30.6% month-over-month. Of the 47 sold homes, 38% were sold under asking, 38% were sold at asking, and 23% 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 2 Days Ago

Newest Listings in Tipton County, TN

Nearby Markets to Tipton County, TN

What housing markets are near Tipton County, TN?