Is Tippecanoe County, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tippecanoe County is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Tippecanoe County has remained a Seller's Market.

Key Takeaway

Tippecanoe County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Tippecanoe County, IN

How much do homes in Tippecanoe County, IN cost?

Median Sold Price

$304,250

$172/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$750(-0.2%)

Key Takeaway

The sold price of homes in Tippecanoe County has remained the same since last month.

Summary: The median home sold price in Tippecanoe County was $304,250 in November 2024, down 0.2% from last month, and the median price per square foot was $172.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 -$127.5K
N/A
2 $185.4K$167.5K
-9.7%
3 $290K$275K
-5.2%
4 $372K$418K
+12.4%
5+ $640K$489.9K
-23.5%

Summary: Tippecanoe County housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.7%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes decreased by 23.5%.

Median Sold Price Compared To Nearby Counties

Clinton County
+43.6%
Tippecanoe County
-0.2%
Warren County
-24.0%

Housing Supply in Tippecanoe County, IN

How many homes are available in Tippecanoe County, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
499461-7.6%

Summary: The Tippecanoe County real estate market had 461 homes for sale in November 2024, a 7.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 44
0.0%
2 5148
-5.9%
3 248236
-4.8%
4 154130
-15.6%
5+ 4243
+2.4%

Summary: The Tippecanoe County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5.9%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 15.6%, and 5+ bedroom homes increased by 2.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
165133-19.4%

Asking Price vs. Sold Price

72 Homes Were Sold
Under Asking

30 Homes Were Sold
At Asking

30 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tippecanoe County, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 133 homes were sold or pending in Tippecanoe County in November 2024, down by 19.4% month-over-month. Of the 132 sold homes, 55% were sold under asking, 23% were sold at asking, and 23% were sold over asking.

Days on Market for Tippecanoe County, IN

How long does it take to sell a home in Tippecanoe County, IN?

Average Sale Time

Oct 2024Nov 2024CHANGE
20 Days22 Days+12.5%

Summary: Homes in Tippecanoe County had an average of 22 days on market in Nov 2024, up by 12.5% compared to last month.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Tippecanoe County are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 133 homes were sold in Tippecanoe County; 4% of homes were sold within 30 days, 2% 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 20 Days Ago

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