$4,156 Closing Credit*
$350,000
2,450 SqFt
4 Beds
•2 Full Baths, 1 Partial
Steven Hankemeier, Listing Office: RE/MAX CONCEPTS
Is Tipton, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Tipton was a Seller's Market.
Key Takeaway
Tipton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Tipton, IA
How much do homes in Tipton, IA cost?
Median Sold Price
$222,500
$123/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$36,500(+19.6%)
Key Takeaway
Homes in Tipton have sold for 19.6% more than they did a year ago.
Summary: The median home sold price in Tipton was $222,500 in November 2024, up 19.6% from last year, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | - | N/A |
| 2 Bedrooms | $150K | $115K | -23.3% |
| 3 Bedrooms | $182.5K | $240K | +31.5% |
| 4 Bedrooms | $228.4K | $245K | +7.2% |
| 5+ Bedrooms | $422K | $55.5K | -86.8% |
Summary: Tipton housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 23.3%, 3 bedroom homes increased by 31.5%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes decreased by 86.8%.
Median Sold Price Compared To Nearby Cities
| Center Township | $182.5K | $222.5K | +21.9% |
| Tipton | $186K | $222.5K | +19.6% |
Housing Supply in Tipton, IA
How many homes are available in Tipton, IA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 22 | +10.0% |
Summary: The Tipton real estate market had 22 homes for sale in November 2024, a 10.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Tipton housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tipton, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Tipton in November 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Tipton, IA
How long does it take to sell a home in Tipton, IA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 58 Days | 90 Days | +56.3% |
Summary: Homes in Tipton had an average of 90 days on market in Nov 2024, up by 56.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Tipton are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Tipton; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Provided Courtesy Of Cedar Rapids Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Is Believed To Be Accurate But Not Guaranteed. 
Listings courtesy of RMLS Alliance as distributed by MLS GRID.