Is Tiffin, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Tiffin has remained a Seller's Market.
Key Takeaway
Tiffin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tiffin, OH
How much do homes in Tiffin, OH cost?
Median Sold Price
$169,500
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Tiffin have sold for 13% more than they did a year ago.
Summary: The median home sold price in Tiffin was $169,500 in May 2024, up 13% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $67K | $115K | +71.6% |
| 2 Bedrooms | $129.9K | $135K | +3.9% |
| 3 Bedrooms | $154K | $171.9K | +11.6% |
| 4 Bedrooms | $225K | $245K | +8.9% |
| 5+ Bedrooms | $140K | $225K | +60.7% |
Summary: Tiffin housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 71.6%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 60.7%.
Median Sold Price Compared To Nearby Cities
| Tiffin | $150K | $169.5K | +13.0% |
| Clinton Township | $242.3K | $247.4K | +2.1% |
Housing Supply in Tiffin, OH
How many homes are available in Tiffin, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 48 | 54 | +12.5% |
Summary: The Tiffin real estate market had 54 homes for sale in May 2024, a 12.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 7 | -30.0% |
| 3 Bedrooms | 30 | 32 | +6.7% |
| 4 Bedrooms | 8 | 14 | +75.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Tiffin housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 30%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 75%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tiffin, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Tiffin in May 2024, down by 8.3% month-over-month. Of the 11 sold homes, 45% were sold under asking, 18% were sold at asking, and 36% were sold over asking.
Days on Market for Tiffin, OH
How long does it take to sell a home in Tiffin, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 33 Days | 35 Days | +3.9% |
Summary: Homes in Tiffin had an average of 35 days on market in May 2024, up by 3.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Tiffin has remained consistent over time.
Summary: During May 2024, 11 homes were sold in Tiffin; 36% of homes were sold within 30 days, 64% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Copyright 2024 NORIS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the NORIS MLS. Real estate listings held by brokerage firms other than this brokerage are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. This broker participates in Northwest Ohio Real Estate Information Systems, Inc. Broker Reciprocity program, allowing us to display other broker’s listings on our site.