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
$187,450
$122/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Kokomo was $187,450 in May 2024, up 1.3% from last month, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $185K | $168.7K | -8.8% |
3 Bedrooms | $152K | $194.9K | +28.2% |
4 Bedrooms | $300K | $186K | -38.0% |
5+ Bedrooms | $615K | $358.5K | -41.7% |
Summary: Kokomo housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.8%, 3 bedroom homes increased by 28.2%, 4 bedroom homes decreased by 38%, and 5+ bedroom homes decreased by 41.7%.
Housing Supply in Kokomo, IN
How many homes are available in Kokomo, IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
62 | 124 | +100.0% |
Summary: The Kokomo real estate market had 124 homes for sale in May 2024, a 100.0% 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 | 11 | 17 | +54.5% |
3 Bedrooms | 29 | 66 | +127.6% |
4 Bedrooms | 19 | 36 | +89.5% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Kokomo 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 increased by 54.5%, 3 bedroom homes increased by 127.6%, 4 bedroom homes increased by 89.5%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 40 | +471.4% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 40 homes were sold or pending in Kokomo in May 2024, up by 471.4% month-over-month. Of the 40 sold homes, 28% were sold under asking, 28% were sold at asking, and 45% 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
Apr 2024 | May 2024 | CHANGE |
---|---|---|
-5 Days | 13 Days | -368.0% |
Summary: Homes in Kokomo had an average of 13 days on market in May 2024, up by 368% compared to last month.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 40 homes were sold in Kokomo; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.