Is Tipton, IA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tipton is a buyer's market

Buyer's
Market

Difference Since October 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

$215,500

$120/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$30,500(+16.5%)

Key Takeaway

Homes in Tipton have sold for 16.5% more than they did a year ago.

Summary: The median home sold price in Tipton was $215,500 in October 2024, up 16.5% from last year, and the median price per square foot was $120.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $125K-
N/A
2 $163K$125K
-23.3%
3 $177.2K$240K
+35.4%
4 $232K$245K
+5.6%
5+ $459K$220.2K
-52.0%

Summary: Tipton housing prices by bedroom type for October 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 35.4%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 52%.

Median Sold Price Compared To Nearby Cities

Center Township
+19.7%
Tipton
+16.5%

Housing Supply in Tipton, IA

How many homes are available in Tipton, IA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2021+5.0%

Summary: The Tipton real estate market had 21 homes for sale in October 2024, a 5.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 610
+66.7%
4 96
-33.3%
5+ 23
+50.0%

Summary: The Tipton housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 66.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tipton, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Tipton in October 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% 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

Oct 2023Oct 2024CHANGE
15 Days33 Days+114.3%

Summary: Homes in Tipton had an average of 33 days on market in Oct 2024, up by 114.3% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Tipton has remained consistent over time.

Summary: During October 2024, 2 homes were sold in Tipton; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 12 Days Ago

Newest Listings in Tipton, IA

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